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Good Morning! Short question.. I was recently approached by a staffing agency, the position does sound enticing. However, I am wondering how exactly do they get paid? Does the staffing agency fill the position take a small chunk of my hourly salary or does the company pay one fee to have the position filled? Thanks!
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Generally they get paid hourly by the company you are working for and the staffing agency pays you an hourly rate, which is of course considerably less (though it varies a lot). That has been my experience with Ranstad and Manpower, and being on the hiring side of the equation as well.
A headhunter type situation is often one time fee based which is usually based on the annual salary of the position (or it used to be the case).
Good Morning! Short question.. I was recently approached by a staffing agency, the position does sound enticing. However, I am wondering how exactly do they get paid? Does the staffing agency fill the position take a small chunk of my hourly salary or does the company pay one fee to have the position filled? Thanks!
I am actually well informed on this subject matter.
If you are working at a company through them, they charge the company a hourly fee, and pay you part of it. For example, they might charge the company $25 an hour, then pay you $15 an hour.
If it is a direct hire role with the company and they are presenting you as a candidate, they get a one time fee for placing you. The fee is usually a percentage (10%-35%) of your starting salary.
I am actually well informed on this subject matter.
If you are working at a company through them, they charge the company a hourly fee, and pay you part of it. For example, they might charge the company $25 an hour, then pay you $15 an hour.
If it is a direct hire role with the company and they are presenting you as a candidate, they get a one time fee for placing you. The fee is usually a percentage (10%-35%) of your starting salary.
First job in sales working for firm like this that's sounds correct. The 35% range would require some true echelon candidate I would think these days.
I am looking to start a staffing agency for a specific job market. I was wondering the best way to go about doing this. Do I advertise first for people looking for work? Or do I advertise first for businesses looking for workers? Or should I advertise for both at the same time. Also, if the field of work I am looking to place mostly gets paid on a commission based pay, how much of the commission would my agency take? Any help would be appreciated! Just a side note, the jobs I am looking to staff, I have been in the business for 17 years.
If your paycheck is coming through the staffing company, it means they take a part of your income. These types are usually the ones who sponsor the H1B visas so the company doesnt have to deal with all the immigration process. Even if your contract with the company ends, the H1 will still be active as you are technically 'employed' by the staffing agency. All the benefits like 401k, health insurance, etc. are through the staffing agency.
If the company is paying you directly, it means the staffing company got paid by them upfront for finding you so its not out of your pocket.
I am looking to start a staffing agency for a specific job market. I was wondering the best way to go about doing this. Do I advertise first for people looking for work? Or do I advertise first for businesses looking for workers? Or should I advertise for both at the same time. Also, if the field of work I am looking to place mostly gets paid on a commission based pay, how much of the commission would my agency take? Any help would be appreciated! Just a side note, the jobs I am looking to staff, I have been in the business for 17 years.
You might want to start a new thread about it to get good response. Usually people dont read all the replies to a thread before posting.
. All the benefits like 401k, health insurance, etc. are through the staffing agency.
Meaning typically they don't exist. These agencies rob you and the client for all that they can.
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