RECRUITMENT AGENCYS % $$$%

affroman69

Was just wondering if anybody knew what % recruitment agencys looked for out of the wages earned through them geting you the job?? just didnt want to use them if it was somenthing ridiculous.

or is there a different way it works . . .

all help much appreciated

amcalester

I worked for in an agency a few years ago and normally we negotiated with the employer as to the fee charged.

We would find out how much the worker wanted and try and add €4 on top of that. So say you wanted €12 an hour we'd try and charge €16. Usually the worker got the wages he wanted and we'd lower our fee if needs be.

If it was a permanent position we'd charge the employer a % of the annual salary, this was paid in a lump sum once the worker started. So if you get a job with an agency you'll be offered a wage and then your employer will be paying something else on top of what they pay you. Basicly you'll be charged nothing.

Hope I've explained this well.

Saucey-Susie

recruitment agencies are free for you if you are looking for a job. Its their job to find you work and they get paid for that. the clients use agencies if they dont have the time to look for someone, especially now since every job posting gets about 300 replies... its very time consuming for the client go to through all thoses cvs, pick their top 5 candidates based on their cvs, interview them and then hopefully offer one person a job. thats what the agencies are for. they send across their top 2-3 people for each job

they would usually charge the client a % of the candidates annual salary, hence you pay nothing. but now, with times tough and with very little jobs out there, the % that they charge the clients have gotten sooooo low since most companies want to hold on to their pennies and they their best to fill the jobs themselves.

so happy i am out of recruitment

Sleepy

I've always thought you're better off applying direct since if the company have to pay an extra 10% they'd usually rather give it to the person who'll be working for them than an agency

Capt'n Midnight

Sleepy wrote: »

I've always thought you're better off applying direct since if the company have to pay an extra 10% they'd usually rather give it to the person who'll be working for them than an agency

Only if you are better at negotiating wages than the agency.

Companies won't hand over money for nothing, that staff member would be getting 10% extra every year so in time it would add up. As an example of how they they try to save many companies give a nominal €500-€1000 to staff for referals that get hired, this is nothing close to what agencies get.

amcalester

Capt'n Midnight wrote: »

Only if you are better at negotiating wages than the agency.

Companies won't hand over money for nothing, that staff member would be getting 10% extra every year so in time it would add up. As an example of how they they try to save many companies give a nominal €500-€1000 to staff for referals that get hired, this is nothing close to what agencies get.

Where I worked the fee was 15% on salaries up to 35k and 17.5% on salaries over 35k. Huge money.

Capt'n Midnight

I've heard of up to 35% on very high salaries :eek:

But I guess rates have dropped a bit

JMcCR

Think to the best of my memory the last company I worked for in Ireland were charge 6000 for placing someone on a 40k salary in an IT role

maxwell smart

Last couple of people I hired it was 7.5% up to 30k, 12% up to 37k, 15% up to 50k and 17.5% over 50k. They also take into consideration company cars etc. as part of the package.
I think there is a 6 month period where you don't have to pay if someone does not last as I did let one guy go after 4 months and we either got a full refund or a partial one.

That was 12 months ago so I would be interested to see if their fees have changed.

Otis Driftwood

The days of agencies going in with rates and refusing to bend are well and gone,unless its a HIGHLY skilled specified job.
The last agency I worked for once charged a company €27,000 for a candidate.

Yes,you read that right,twenty seven thousand euro.

Granted this was about 20 months ago and the salary was something in the region of €120k per annum but still,that is a ridiculous sum of money.

flash harry

affroman69 wrote: »

Was just wondering if anybody knew what % recruitment agencys looked for out of the wages earned through them geting you the job?? just didnt want to use them if it was somenthing ridiculous.

or is there a different way it works . . .

all help much appreciated

They make 0% of your wages - they charge the hiring company a fee that is generally based on your salary but not out of your salary - simply means the more senior the person (or in demand hence harder to find) the more money they get.

Say what YOU want and if the get you a job, especially in current economy, irrespective of what they charge your emploeyer, everyone should be happy....

And before someone says "but they'd have paid you the difference if you hadn't gone through an agency" - this is 99.999% wrong as JOB TYPE A generally has a market rate of a certain salary scale, so if they pay outside of it they either will not attract talent if too low OR have to pay all their staff the higher rate if too high.

eth0_

nedtheshed wrote: »

The days of agencies going in with rates and refusing to bend are well and gone,unless its a HIGHLY skilled specified job.
The last agency I worked for once charged a company €27,000 for a candidate.

:eek: :eek: That's absolute extortion! NOTHING a recruitment agency does could possible justify such high fees!

Honestly, i'm glad so many of them are going bust with the recession.

flash harry wrote:

They make 0% of your wages - they charge the hiring company a fee that is generally based on your salary but not out of your salary

Unless the OP is referring to contracting, in which case the % commission charged can be quite large. The commission on my current contract is around 15%.

bcirl03

Recruitment agencies are like second hand car sales people - a bunch of cowboys.

IMHO of course.

jkmanc1974

eth0_ wrote: »

:eek: :eek: That's absolute extortion! NOTHING a recruitment agency does could possible justify such high fees!

Honestly, i'm glad so many of them are going bust with the recession.



Unless the OP is referring to contracting, in which case the % commission charged can be quite large. The commission on my current contract is around 15%.

Etho - Can you name any in Ireland that have gone bust?

Brgds
Johnny