How to calculate the price of headhunting services

The price of headhunting services does not have a uniform standard, but is determined by a variety of factors. The following Forrest International introduces the main factors affecting the price of headhunting services.

How to calculate the price of headhunting services:

1. The level, difficulty and time of the recruitment position.

Generally speaking, the higher the job level, the more difficult it is to recruit, and the longer it takes, the higher the service fee of the headhunting company. Because this kind of position requires headhunters to invest more manpower, material resources and time, as well as more professional skills and experience.

2. Cost of Success

Headhunters usually charge a percentage of the success fee after successfully introducing the right candidate to the client and the candidate is hired. This ratio is usually a percentage of the candidate's salary, generally between 2% and 3%, but can also vary by position and industry.

3. Phased expenses

Some headhunters charge fees based on different stages of the process. For example, a portion of the fee is charged after the candidate passes the screening, and the remaining fee is charged after the candidate passes the interview and is hired. This way of charging ensures that headhunters remain actively involved and committed throughout the recruitment process.

4. Talent scarcity

In some industries or fields, high-end talent may be scarce, which will lead to a corresponding increase in the fees of headhunters. Because the market value of these talents is higher, headhunters need to invest more resources to find and recommend them.

5, customer needs

The higher the customer's demand for talent, the more difficult the service of the headhunting company, and the charging standard will be increased accordingly. For example, if a client wants to quickly recruit people who meet certain criteria, this requires headhunters to invest more manpower and material resources, so the fees will be increased accordingly.

6. Competition

There are a large number of headhunters in the market and the competition is fierce. Some headhunters may lower their fees. However, some strong and reputable companies may charge higher fees because they have richer resources and more professional services.

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In addition, headhunters charge in a variety of ways, including process-based fees, results-based fees, and RPOs and recruitment outsourcing that pay for packaged prices. According to the process charge is usually based on the time, manpower and resources invested by the headhunter. According to the result charge is based on the number and quality of successfully recommend candidates. RPO and recruitment outsourcing, which are paid according to the package price, formulate an overall service plan according to the customer's needs and budget.

The above is how to calculate the price of headhunting service introduced by Forrest International. The price of headhunting service is determined by many factors. When choosing a headhunting company, companies need to choose the right service method and charging standard according to their own needs and budget.