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What Are Average Placement Fees?

Written on December 5th, 2016 by in Blog

On the direct contingency or retained search business, the average fees are 25-30% of the candidates first years’ salary.  If an individual accepted a full-time job paying $75,000, the fee would be 30% = $22,500, 25% = $18,500.

If you quoted 25% fees and only placed one person per month at an average salary of $75,000, you would generate $225,000 annually.

Most individuals who place direct contingency full-time candidates average two placements per month, which would generate $450,000 annually. You do not have to place that many candidates to generate a substantial income.

Aren’t There Too Many Recruiting Firms?

Written on November 29th, 2016 by in Blog

There is a tremendous shortage of top talent.  Current Staffing and Recruiting Firms are filling an average of one out of every six orders, due to a lack of identifying the most qualified candidate.

This one statistic proves there is more than enough business for new Staffing and Recruiting Firms.  You want to specialize in a niche where the demand is high and the supply of talent is low.  This is where you will make the most money.

The need for top talent and retention will continue to be the top two challenges for hiring authorities, which can help you attain your income and growth goals.  The Staffing and Recruiting Profession is growing consistently every year worldwide.

What Is The Difference Between Temp And Contract?

Written on November 22nd, 2016 by in Blog

There are several differences between the temp and contract business.

  1. Temp normally refers to lower level positions:
  • Light industrial
  • Call center
  • Clerical
  1. Contract refers to higher level positions:
  • IT
  • Engineering
  • Accounting
  1. Temp refer to shorter durations of employment
  2. Margins are higher with contract
  3. Workmen’s compensation costs are normally higher with light industrial temps

In both cases the Staffing Firm is the employer of record.  Through our Start Up Tutor Program we will recommend funding companies that will provide you with your back office and funding.

Can I Start My Business When I’m Still Working?

Written on November 18th, 2016 by in Blog

Most individuals who begin to set up their own Staffing and Recruiting Firm do continue working.  Our Start Up Tutor is a web based program that can be completed during evening and weekend hours.

It takes time to create your website. Complete the Start Up Tutor.  Master the skills you will need by completing the Top Producer Tutor Program.  Once you write your first order or contract, you will also experience a 3 to 5 week hiring process and clients will pay you in 30 days.   For this reason, it is wise to keep your income coming in as long as possible.

There is a Placement Process

Written on June 7th, 2016 by in Blog

There is a Placement Process

Staffing and Recruiting is not brain surgery, but there is a Placement process in Recruiting as well as Marketing.  It is important to set up your business like a Franchise, with systems, processes and metrics.

Once you have established your repeatable sales process, it is easier to hire and grow your business because everyone is working from the same playbook and there is consistency.

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