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  • 2/6/2023 4:24:41 PM
    How Companies and HR personnel should understand placement fees:

    The fee for a permanent placement through a recruitment agency can vary depending on several factors, such as the industry, location, and seniority of the position being filled. On average, a permanent placement fee for a recruitment agency is typically a percentage of the candidate's first-year base salary, and can range anywhere from 15% to 30% or more.

    However, the exact fee can vary greatly based on the specific needs and requirements of the hiring company and the job position being filled. Some recruitment agencies may also offer different pricing structures, such as a flat fee or a tiered fee based on the salary range of the position, so it is important to understand the terms and conditions of the fee arrangement before engaging with a recruitment agency.

    It is also important to consider the value that the recruitment agency brings to the hiring process, such as access to a larger pool of qualified candidates, expertise in sourcing and evaluating candidates, and support throughout the hiring process, when evaluating the cost of a permanent placement fee.

    Def: Recruitment fees refer to the charges paid by an employer to a recruitment agency for the services they provide in finding and attracting job candidates. These fees can vary depending on the type of job, the industry, and the services provided by the agency. Recruitment fees can also be referred to as placement fees or headhunting fees.

    Ref: TRS Feb 2023 Recruitment News

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