Because recruiters represent the hiring company to potential employees, the more they know about the company and where it fits into the industry, the easier it will be for them to attract high-quality candidates. Providing recruiters with a rundown of job requirements, such as education, skill sets, and years of experience, is not enough. The company must also outline its willingness to be flexible regarding those requirements, identify salary and benefit levels, and provide a review of ongoing and future projects that the candidate would be working on. It should also give recruiters information on market share, expected new product launches, expansion plans, and the culture, environment, and dynamics of the company. Explore Fee Structure Options.
Recruiters work on either a retainer or a contingency basis.
Traditionally, under contingency-based arrangements recruiters received an agreed upon percentage of the candidate's annual salary when the search was successfully concluded. This fee structure ensures that the recruiters will work aggressively to find candidates that best fit the client's needs. The retainer provides the recruiting firm with exclusivity and a financial guarantee for what could prove to be a challenging and time-consuming project. Inquire about Candidate Screening. One reason to enlist the services of a recruiting firm is to save time and money by only interviewing qualified candidates.