Have you ever wondered what goes on behind the scenes at a staffing agency? As you scroll through job boards and see positions listed by XYZ Staffing Firm, questions may arise. How do they find candidates? What is the process for getting hired? How do they make money? This article will give you an inside look into the method behind…
Staffing agencies play a crucial role in today’s job market by connecting companies with qualified talent. However, before a staffing agency can make these vital connections, they must first secure contracts with companies in need of their services. Obtaining these contracts is no small feat, requiring a strategic combination of sales, marketing, relationship building, and negotiations. How Staffing Agencies Get…
Depending on the business model of the staffing agency, they typically charge anywhere from 15% to 30% of first-year base salary for direct-hire employee placements or a markup of 40% to 45% over the hourly rate of a contractor. Direct hire fees vary according to the difficulty to find and the lead-time to complete a successful placement. Contractor markups vary…