With the rising cost of living, you may be looking for ways to reduce costs in 2023. Recruitment costs may be one area you can make some cutbacks whilst still ensuring you are attracting the very best candidates. 

 

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.