Why Flat Fee Recruitment Agencies Gain Market Share So Fast

Recruitment agencies are dime a dozen in the market

. They provide very good value for money when it comes to hiring people for your company. Not all the recruitment agencies specialize in all types of hiring. Some agencies specialize in a contingency based hiring whereas others prefer the more conventional methods like cold calling, advertising in media as well as the new internet based social media channels like LinkedIn.

Most of the recruitment agencies charge on a per requirement, commission basis. The recruitment agency will charge equal to the first full salary of the person they hired as their commission. Whereas this might look a very affordable at the first sight, if your company is hiring for senior level positions, you will end up paying exorbitant charges to the recruitment company. The solution comes in the form of flat fee recruitment agencies.

Unlike the traditional recruitment consultants which charge on a per position basis, the flat fee recruitment agencies enter into a contract with your company. As per this contract, you will have to give a set amount to the recruitment agency and you can have all your hiring needs solved. There are a number of reasons that these new model flat fee recruitment agencies are gaining leverage in the market.

First thing is that when you choose a flat fee recruitment agency, you can have as many positions filled as you want. Consider this is as an all you can eat model where you will get all that you want for a fixed amount that you have to pay once in a defined period. This means that if you are looking to hire a huge number of people in coming months, flat fee recruitment model will suit your requirements really well.

Second thing is that with flat fee recruitment model you can recruit people for any position without worrying for extra charges. If you are hiring for a senior leadership position, you are bound to end up paying a huge some of money to the recruitment agency in the traditional model. In the flat fee model, you can replace your companys entire senior management, middle management and junior management and still end up paying the same amount to the company. Flat fee model means that the company charges the same amount every month!

Finally with a flat fee model, you can make your operating cost estimates in a much more accurate manner because you know what the agency will charge you beforehand.

by: Frank Jit

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