DO RECRUITMENT AGENCIES TAKE MONEY FROM CANDIDATES?

In today's competitive job market, landing the dream job is a challenging task, but recruitment agencies come here to play the role of help. Finding a good job today for candidates is difficult. With the lower unemployment rate, it's a candidate-driven market out there. These agencies post open job opportunities on behalf of the companies to attract the best candidates. 

 

What is a Recruitment Agencies?

Recruitment agencies are the external firms that find suitable candidates for employers. The employers give them the task of finding candidates for the vacant positions in their organizations, which eventually saves time and money and gives them unique candidates that the company network cannot reach. Hiring employees can take much time; therefore, recruitment agencies are needed. Hiring the right person in today's competitive job market is very important. 

For most employers, management and access to all candidates through recruitment agencies make a preferred choice. The HR and coordinator will use these recruitment agencies to get the best candidate on the market, contacting superior staff and a top place over their competitors.

The agency itself manages the process of identifying and engaging a candidate. They contact and brief the candidates in-depth on the type of role to be provided to make sure that everything is suitable for both candidate and client; they work on arranging and rearranging interviews and give them negative/ positive feedback whenever necessary, which if not done correctly can have a detrimental effect on company's name. 

 

How Do these agencies get paid?

Now, let's talk about how the recruitment agencies get paid. Like any business, recruitment agencies are businesses and will charge money for their services. So, the employers are fully responsible for all recruiting fees. The role and type of employment will determine the fee level. Usually, the hiring company pays all recruiters. The company hiring for the role knows beforehand about the salary range they will pay for the position and what they will pay the recruiter before contacting candidates. The hiring company is working for their ease with a recruiter because they will be struggling to find the candidates without them. So, they are paid by the companies. It is primarily a contract between recruiting Firm & the organization.

Depending on the industry and salary, the recruitment fee varies and also if the vacancy is temporary or permanent.

 

Do Recruiting agencies to charge their Candidates?

 

The answer is very basic: they shouldn't; as said earlier, they are paid by the employer, not the candidate, so job seekers should keep this in mind and see it as a Scam. Job sourcing is entirely free for the candidates; they may charge additional services for tiny things that CV is making etc. Pretty much, that's it. 

 

Suppose some agency asked for money and some fresher pays them in the hope of getting a job. In that case, there may be a scenario that they won't get even a single call because a lot of so-called Recruiting Agencies extract money by scamming the fresher, giving them the hope of providing a job. This happens in the case of newer, but once they gain experience, they won't face any such problem as they will be contacted by recruiters based on their skills in many years. Then they try to polish their skills by making them join an excellent small company or make them join a good course for the candidates' benefits.

Most recruitment agencies do not ask for payment from the candidates for placement services. Recruitment agencies solely focused on providing the right fit job for job-seekers never ask for money because these agencies will eventually receive a commission from the companies they are recruiting for. When someone is placed by the Firm, they make their money as a commission. Temporary workers get hourly commissions. Then there is a lump sum commission where the Firm provides a full-time employee with the client. 

The commission is paid as a percentage of the worker's annual salary. Before a commission is paid out, most agreements require a minimum period of employment. This commission is typically paid in a lump sum. The majority of recruitment agencies never charge the candidates for providing jobs. They charge the employers for the number of candidates they had placed in the organization according to the annual CTC of the candidates; only when the candidate has served the organization for some period then only this happens. Agencies that ask for money are usually fraudulent. Candidates are advised not to trust those recruitment agencies that charge them heavily or request money for registration.

Knowing how fees are calculated can help you choose the proper service and provide you piece of mind if you're thinking about using recruiting agencies. For more information, contact peergrowth best recruitment agencies in dubai. Be careful to have everything in writing and discuss anything you're still unsure about with the agency.