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Recruiting Agencies |
Notes on Recruiters
Recruiters are people paid by employers to find appropriate candidates
to fill the employer's job openings. No real news there. But, there are
different kinds of recruiters.
Basic Kinds of Recruiters:
- Those who are paid by the employer for their recruiting efforts
regardless of the outcome.
- Those who are paid by the employer for each referred person who
is hired.
Retained Recruiter
The first kind of recruiter is called a "retained" recruiter because they
are paid a "retainer" for their recruiting efforts, independent of whether
or not open positions are filled. Presumably, if no positions were ever
filled, the retained recruiter would eventually be replaced by someone
more effective. Retained recruiters include those who are actually employed
in-house by the employer as well as those whose work is based on a contract
with the employer.
Contingency Recruiter
The second kind of recruiter is called a "contingency" recruiter because
their income is "contingent" on whether or not a person referred by
them is hired. In other words, they are paid a commission for every
job opening which they fill. Anyone who is referred to an employer by
a contingency recruiter comes with an extra cost associated with hiring
them - the cost is the contingency recruiter's commission, which can
add as much as 20% to 30% of the starting annualized salary. This may
affect hiring decisions or the starting salary if an employer is particularly
price sensitive.
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We are in the process of revising this section of Job-Hunt.
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