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Their fee is typically a percentage of the first year's salary for the role their candidate fills. I've seen them request up to 30%, but in my experience they s
by matthewmacleod 10y ago
Their fee is typically a percentage of the first year's salary for the role their candidate fills. I've seen them request up to 30%, but in my experience they settle for 10-15% depending on the situation.
For a skilled recruiter, this can accrue pretty quickly; at the rate of one role filled per month, they're bringing in equivalent to an average engineer's salary. Of course I'm ignoring overheads there, and if they're working for a recruitment firm they'll be personally receiving commission rather than an individual fee. But my experience in the UK was that there were a few powerful and well-connected independent recruiters who had most of the good candidates and interesting companies on their books - I imagine it could add up pretty quickly!
- zippergz 10y agoIt's much like the real estate business (in the US, at least). There are a handful of people who can do extremely well, and then a long tail who think it looks like easy money but end up making very little.
- user5994461 10y ago> But my experience in the UK was that there were a few powerful and well-connected independent recruiters who had most of the good candidates and interesting companies on their books Care to share names?