The fees charged by recruiters can vary depending on the type of recruitment services being provided, the location, and their level of experience. Some recruiters charge a percentage of the hired employee’s salary, while others charge a flat fee per candidate.
In general, for contingency-based recruitment, where the recruiter is only paid if a candidate they referred is hired, the fee ranges from 15% to 30% of the candidate’s salary. For a job with a $120,000 annual salary this ranges from $18,000 to $36,000. For retained recruitment, where the recruiter is paid upfront, the fee is generally higher, ranging from 20% to 35% of the candidate’s first-year salary.
It’s important to note that these figures are general ranges and the actual fees charged by recruiters can vary widely based on many factors. It’s always best to discuss fees and payment terms with a recruiter upfront to avoid any confusion or surprises later on.