Posted on 12th April 2021 at 15:45
With the UK coming out of lockdown companies are starting to look at some of the vacancies that they may have put on hold to start recruiting new staff. You may be asking yourself - What are typical recruitment costs that I can expect to pay? What options do I have for recruitment?
Whilst there are fluctuations across different industries, typical recruitment costs are between 15 – 20% of your new employee's basic take on salary, if you use a recruitment consultancy or a recruitment agency to recruit. This is usually payable once the candidate has started their new role. There are no upfront costs, and therefore the risks are low – it is the standard “no win, no fee” model. For this, the agency will have looked at their pool of candidates and given you access to the ones that they think are most suitable to the position for which you are recruiting. They will sell the opportunity to the candidates on your behalf and they will also liaise between you and the candidate for booking interviews and should make sure that the candidate is fully briefed before an interview.
If you take someone on, the costs to you are relatively high – and one of the reasons for this is that recruiters know that they won’t fill all of the roles that they are working on. They charge more to those companies that they do place people with as they are not making any money from those that don’t take their candidates on.
What about other options?