What are Average Professional Placement Fees?
The average fees being charged worldwide are 25% of a candidates first year’s earnings. At higher levels, placement fees can be as much as 40%. To equate this to dollars and cents, if you placed someone who received an offer for $100,000, your fee for the placement would be $25,000.
In order to earn these fees, it is our job to identify candidates who our clients can’t find on their own. They expect us to find individuals who have skills, stability and experience, so they will hit the ground running. Your reputation will be on the back of every person you represent. There are some areas of specialization that have flat fees. These include some position in the following professions: sales, physicians, hospitality and retail. It is important to research your targeted niche, so you understand what fees you will be able to generate.
Don’t assume that there is less work for lower level placements and fees. That is why it is so important to focus your time and efforts where you will enjoy the highest return on your investment of time and money.