Recruiters handle the demanding work of finding quality candidates for your business. They gather resumes, conduct initial interviews, verify references and negotiate job offers on your behalf. This professional assistance comes at a cost, which is typically 10% to 35% of the new hire's annual salary, paid either upon hiring or partially as a retainer during the search. For businesses struggling to attract good candidates, recruiters provide access to pre-screened talent and industry expertise that can significantly shorten your hiring timeline.
While this fee may sound high, recruiters can be invaluable and more than pay for themselves in certain circumstances. For one, they save your company time, and when time is tight, it may make more financial sense for you to pay someone rather than to conduct the search yourself. In addition, a recruiter can be the right choice if you want to keep your search confidential. Recruiters typically tap their professional network to find people, meaning a search can be done discreetly. Recruiters are also helpful if you are filling a position that is out of your domain of expertise. This specialized insight helps you find quality candidates who are qualified and properly vetted, even in fields where you lack technical knowledge to assess their capabilities yourself.