If you’re looking into recruiting services, you’re likely thinking two things:
- How can I be sure that a recruiter will find exceptional candidates?
- How can I maximize my recruiting budget?
At Select Savvy, we aim to offer the most transparent recruiting services on the market. So in this blog post we’ll take a look at three things:
- How most recruiters price their services.
- How we determine our search pricing at Select Savvy.
- Some ways you can find price savings during the search process.
How much does it cost to hire a recruiter? First, know the marketplace
Recruiters base their fees on the salary of new hires. And individual searches can cost anywhere from 15-33% of the first-year salary. That range will be determined by several factors. Read on to learn about the top ones.
The cost of overhead in recruiting
One of the main factors that can affect cost is the amount of overhead. Recruiting firms span everywhere from independent recruiters to large, multi-billion dollar firms. In general, the larger the firm, the more each of your dollars goes toward paying overhead: marketing, accounting, legal teams, and a robust management team.
If you do choose to hire a large firm, you may notice a price difference depending on the experience of the individual recruiter assigned to your searches. Junior level recruiters with little to no experience may only require about 20% of first-year salary. The most experienced recruiters at large firms will demand closer to 30% of first-year salary.
This brings us to the second factor that affects recruiting cost.
Experience matters in recruiting
Junior-level recruiters will typically charge lower fees than veteran recruiters. So why does anyone pay more for experience?
Like any profession, recruiting requires numerous hard and soft skills that come with experience. The benefits of a more experienced recruiter include:
- A larger, more refined network of candidates who they are in regular contact with.
- Deeper insights into refining your search criteria and matching your hiring needs.
- Knowledge of how to sell your brand to world-class candidates.
And finally, you can save money by hiring a recruiter who knows your market.
Hiring a recruiter in your niche will save you time and money
Recruiting firms that specialize in your sector are much more effective. At Select Savvy, we focus exclusively on education, healthcare and corporate roles. Meaning our network is refined to only those professionals with the skills our clients need.
How much does it cost to recruit with Select Savvy?
At Select Savvy, we’re firm believers in expert recruiting without the high overhead of a large corporation. This allows us to operate on searches at an affordable range of 15-20% of first-year salary.
And when you pair great pricing with deep experience, your results are compounded. Each of our searches is led by our team with decades of experience staffing within education, healthcare and corporate verticals.
Our value-driven recruiting
Select Savvy is committed to ethical hiring practices. We work with companies that celebrate and promote inclusive success and healthy growth for all. As one of Georgia’s leading woman owned suppliers, we not only find you exceptional talent for your organization, but we help transform hiring into a more transparent and equitable process for everyone.
Schedule a call with our founder, Stephanie, today.
