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What way do recruitment agencies make their money

  • 15-01-2008 7:13pm
    #1
    youcancallmeal
    Registered Users, Registered Users 2 Posts: 8,066 ✭✭✭


    Just a quick question, I don't want to open a big can of worms like what has happened in the past when discussing recruitment agencies here. Anyway say if I get a job through a recruitment agency and I get offered 25k pa then what kind of money are they looking at getting. Also do they get a one off payment or is it on an ongoing basis as long as I'm working in that job?


Comments

  • #2
    Tom Dunne
    Registered Users, Registered Users 2 Posts: 23,212 ✭✭✭✭Tom Dunne


    youcancallme>al wrote: »
    Just a quick question, I don't want to open a big can of worms like what has happened in the past when discussing recruitment agencies here. Anyway say if I get a job through a recruitment agency and I get offered 25k pa then what kind of money are they looking at getting. Also do they get a one off payment or is it on an ongoing basis as long as I'm working in that job?

    In my last job, I was hired through a recruitment agency and my boss told me they were paid a once-off fee. I believe the fee was a percentage of my salary.


  • #3
    Dr Galen
    Registered Users, Registered Users 2 Posts: 7,373 ✭✭✭Dr Galen


    Yep thats how it generally works.

    Agencies will charge a percentage of what your first year salary would be if its a permanant position. Sometimes if they are recruiting for a number of positions or have an ongoing agreement with a company then the percentage will be fixed no matter what the job. Back in my day......circa 5 years ago it was around 10% per job though rising to maybe 15 or 16 depending on the seniority of the job, difficulty of getting a candidate etc.

    If its a contract job, then usually the company will give the recruiter a budget for the role, usually per week, and then the recruiter pays the worker from this, skimming their bit off the top. Again back in the day that was very lucrative for many companies, who basically screwed over thier candidates but getting great money from the employer and giving crappy money to the employee


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