Helping You Hire is dedicated to providing companies with superior in-house recruitment alternatives and project based staffing expertise. We specialize in creating high impact staffing solutions and flexible recruitment services, that produce the highest quality hires in the least amount of time. Our customized solutions are guaranteed to meet the unique recruitment and technical challenges faced by most HR managers today.
We offer executive search services, social media recruitment strategies, online corporate identity management, resume sourcing solutions, internet search services, contract recruiters, executive headhunters by-the-hour, and staffing support services on demand. (more)
The High Cost of Recruitment
Industry: Software Company
Company Size: 30-50
Dilemma: Find a staffing solution or recruitment alternative to paying exorbitant employment agency fees, while increasing the quality or quantity of high caliber candidates
Our customer had been using traditional staffing agencies and executive search firms for years. In fact, every hiring manager in every department had their favorite placement agency, who charged the company contingency fees of 30% - 50% of the candidate’s annual salary, depending on the seniority of the position. The annual expenditures to the company were staggering and to make matters worse, 30% of those fees were a complete waste, as the candidates either left or were terminated within only a few months of paying the employment agency fees.
No, never. Helping You Hire specializes in staffing services, for a flat fee or by-the-hour, nationwide for any industry.
Staffing agencies are typically a resource for companies looking to outsource their recruitment needs. A staffing agency may also be referred to as an employment agency; placement agency, recruitment firm or a search firm, all in different variations and may often be used interchangeably.
Staffing agencies typically locate candidates based on the hiring needs of the individual company. Some agencies focus on providing personnel for a short time on a temporary basis; while others specialize in full-time permanent placements. These placement agencies usually charge a percentage of the candidates annual salary, typically from 20%-50% for full-time permanent employees, and a markup of 20%-50% on the hourly rate for each temporary hire.
Example: If a company hires a software engineer with an annual salary of $125,000, a traditional staffing agency may charge that company anywhere from $25,000 - $62,500 for the hire. Some agencies may ask for partial payment up front, which is known as a retainer. However, most recruitment agencies offer what's called a contingency fee structure, whereby the company doesn't have to make any sort of payment until a candidate accepts an offer. Most agencies offer some sort of guarantee, that if the employee leaves within 30 days, they will find a replacement for no additional fee.
The individuals who finds the candidates and typically work at employment agencies are most often referred to as a recruiter or a headhunter. (more)
An executive search firm is similar to an employment agency, however they are primarily focused on hiring C-level executives, directors and managers. An executive search firm may also be referred to as executive search; retained executive search, or executive recruiting, all in different variations and may often be used interchangeably.
An executive search firm typically charges from 33% - 60% of the executives annual salary. The search firm typically requires some sort of payment upfront, which is called a retainer or a retained search. The retainer may be from 33% to 50%, paid before the search begins
Example: If a company hires a CFO with an annual salary of $200,000, an executive search firm may charge that company from $66,000 to $120,000 for the placement, with a partial payment upfront, ranging anywhere from $22,000 - $60,000. (more)
The individual recruiters at executive search firms are usually referred to as executive headhunters or executive recruiters