Working with a recruitment consultant is an excellent way to find and hire candidates for job openings at your organisation. With so many available online, the difficulty lies in finding out which are the best. There are a few major factors that you should consider when deciding which recruitment consultants to work with.
Is the Recruiter a Specialist?
In days past, many large organisations have preferred to partner with generalist recruiters who could work on any of their roles across a number of industries. It was easier to form a relationship with a generalist recruiter than to find a new expert for every industry and job function. However, recent research shows that this trend is dying, as hiring managers realise that to find the best talent, they need recruiters who are familiar with and immersed in the field they’re hiring for. Additionally, platforms like TalentVine are eliminating the need for PSAs, as organisations are able to access their pick from thousands of recruitment consultants through a single vendor.
In the current market, there is really no reason not to work with an industry specialist recruiter, rather than a generalist.
When working with a specialist you’re not just paying for a candidate, but also for the recruiter’s deep market insights around ideal salaries, their knowledge about which competitors are currently hiring and firing, their existing contact book of suitable candidates built up over the years, and the recruiting technology that they use to identify and target suitable talent.
As a result, you’ll likely receive a deeper candidate pool, more specific market insights, and more relevant candidates.
What is their Recruitment fee?
Usually, recruiters will charge a fee based on the percentage of the yearly salary (base salary plus superannuation) for the role you are hiring for. As an example, if you are hiring a Web Developer with a salary of $100,000 a year, a recruiter may charge 15% of this amount ($15,000). The percentage will depend on the recruitment consultant and their agency and range anywhere from 10% to 25% of the salary. This will depend on the difficulty of the role, their current access to your desired talent and their current capacity.
It may be tempting to go for the cheapest option, but you’ll save more by finding one that can provide good value, both in cost-saving and in the quality of their service. A shorter time to hire, more relevant candidates, and specialist market insights can be more beneficial to your hiring process.
On TalentVine you’ll often see a range of fees from recruiters that can vary from day to day. This is because recruiters will often offer a lower fee on TalentVine if they are already working on a similar role. Since they’ve already identified and shortlisted the most suitable candidates for this position you are able to leverage off the time and costs they have already invested into finding these candidates.Find out more!
How good is the recruiter at what they do?
How can you know how good a recruiter is before you even work with them? You can look at agency reviews, or ask some of your peers who have partnered with them before. However, this information is anecdotal, and may not necessarily reflect your own experience. A platform like TalentVine, on the other hand, provides in-depth historic performance data to give you objective and unbiased recruiter metrics.
From here, you can easily compare the metrics of each recruiter side-by-side. This includes each recruitment consultant’s rating, recent roles, hire rate, candidate inter rates, and a range of other proven predictors of success. TalentVine will only present you with recruiters who specialise in the relevant industry, allowing you to compare fees and performance to find your ideal consultant.
To find the right recruitment consultant, there are a number of online tools at your disposal. Key indicators such as their speciality, their fees, and their recent performance history can all be easily compared on TalentVine. Best of all, it is completely free for employers to use TalentVine, and there is no commitment until your new hire starts their first day.
Take a look at what TalentVine can offer you!