Purple Ink’s VP of Talent Services, Peggy Hogan, explains how Purple Ink’s recruiting fees work – it’s a little different from your average search firm!
This transcript was created using an automated transcription service and may contain errors.
Well, our recruiting fees are a little bit different than your typical search firm. So what we do is we’re really partnering with you. So we don’t just get paid because we actually made a placement, we’re working with you to find the best candidate.
We bill differently in that we actually work by the hour versus one big contingency fee at the end. So for example, most other recruiting organizations might charge 25 to 30% Of the estimated base salary for a role. And so even for, you know, a $100,000 job, that could be a $25,000 fee when maybe there wasn’t even that much work put into that search. Even for a $50,000 job, you’re still looking at $12,500. Last year, our average fees were less than 10%. And so many were even lower than that, obviously.
The other thing that we do is because we offer flexibility in how we work, and we’re trying to work in the best way that fits your budget, we can do all of the work from A to Z, from sourcing candidates, posting the job, writing the job ad, all the way through background checks and reference checks, or if you just would like some help with sourcing, that’s something we can do, and that can be a way that you save money as well.