What are the current rates being charged by contingent recruitment agencies for exempt positions up to VP level?
There may be some fees still around 30%. However, many recruiters are finding that the economy and recruiting tools have limited their opportunities. Fees of 20% to 25% are more common right now. Of course, there are some fees below 20% for searches that are very common and should have been done internally anyway. The economy has affected the supply and demand of candidates both ways right now. The demand of jobs is lower, yet often the requirements have increased. The supply of candidates has increased, however many of the passive candidates will not change jobs for fear of the unknown at a new company. It is important to consider why you may need a recruiter. If your company’s HR and hiring managers don’t have time or can’t find great candidates through the job boards, then you should consider a recruiter to reduce the endless supply of unqualified candidates right now. Yes, you only pay a contingent recruiter for the best candidate that you hire. However, either you or the recruiter
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