Recruiters' Essentials

CNMCyber suites

The Recruiters' Essentials (hereinafter, the Lesson) is the lesson of CNMCyber that introduces its participants to recruiters, in general, and their various types. The Lesson belongs to the Introduction to Recruitment session of EmployableU Concepts.

The Lesson is made up of three lectios. At CNMCyber, the word, lectio, is used for a lesson part.

Summaries

Predecessor

The predecessor lesson is Applicant Selections.

Outline

Recruiters' Essentials

Lectios	#	Referred topics
Who Recruiters Are	1	Recruitment service, recruiter, retained recruiter, contingency recruiter, hiring manager
Third-Party Recruiters	2	Outsourced recruitment, headhunter (executive search provider, headhunting provider)
Employment Agencies	3	Employment agency, recruitment agency, placement agency, public employment agency
Recruiter Resources	4	Recruiter resource, ERP human resources module, applicant tracking system (ATS), job-search website
Recruitment Fees	5	Recruitment fee, placement fee, referral fee (finder's fee)

Successor

The successor lesson is Career Essentials.

2019 Recruiters presentation

The video of the presentation is published on https://youtu.be/daMa4wfSjDM (6:10). Here is its full text.

Overview

Welcome to Recruiters' Essentials. In this brief presentation, we are going to take a look at recruiters in general and their various types. Recruitment fees will be a separate topic of this presentation. Let's get begun.

What recruiters do

This is any service related to recruitment and the recruiter is a legal entity whose business is to list or enroll people as employees or as members of an organization. Recruiter can be a company and it can be an individual, like independent contractor. It can be a person who is an employee of a company itself. There are many types of recruiters.

Retainers vs contingencies

Let's talk about retained verses contingency recruiters. Retained recruiter is a recruiter who is paid for the time spent while recruiting regardless of the fact whether qualified services are identified, hired or not. Recruiters who are part of the company, employees they technically can be considered as retained recruiters. On the opposite side contingency recruiter is a recruiter who is paid only when qualified services are identified and hired.

Hiring managers

Recruiters don't do the whole process, usually recruiters source, screen candidates but someone called hiring manager makes the decision. Sometimes there are several hiring managers. Some companies, recruitment process is pretty complicated with series of interviews on different levels or some, it could be like a panel interview, so it is several people responsible for hiring. When recruiters source, screen and other people like hiring managers, they make a decision. What usually recruiters is looking for is not necessarily what the hiring manager is looking for.

Outsourced recruitment

Companies recruit on themselves, but many companies also outsource their recruitment, they outsource to employment agencies, to staffing firms, temporary staffing provider and headhunters. Headhunters work with only executive level, senior level, C-Level jobs and executive jobs.

Temporary staffing, some recruitment companies actually provide staffers instead of temporary staffers, so a company has a chance for instance to hire an accountant who want to use an accountant from this temporary staffing company or staffing provider. In this case, instead of hiring a person they will just use someone`s services and employment agency is any entity which measures an employment candidate.

There is some overlapping difference between employment agency and staffing firm, staffing firm usually working with employers. An employment agency mostly works with the employment candidates.

Recruiters' fees

How recruiters are paid especially if they are independent, usually recruiters are paid placement fee. Usually in America placement fee is about 20 to 33% of the salary of the hired. For instance, a recruited person is paid $100,000 the placement fee for the recruiter will be $25,000. Referral fee is also considered as a recruitment fee. Referral fee is only like a finder fee, for instance I suggest someone that this person can be hired and I brought a resume or application from that person. In this case I can get this referral fee. When we get back to finding potential candidates, when a company sends this like e-network message, sometimes companies states that they are looking for an accountant and your referral fee can be let`s say $200. In this case they are saving money on recruiters because they will recruit this person directly, they don`t need recruiters to reach out to look, to screen etc.

Sometimes recruiters can pay this referral fees if someone finds a referral candidate for them.

Summary

This concludes the Recruiters' Essentials presentation. We have defined recruitment services and taken a look at two models of how recruiters get paid: retained and contingency. We have also made stops by various types of outsourced recruitments such as employment agencies, staffing firms, temporary staffing providers, and headhunters. Special considerations were given to recruitment fees. If you haven't done yet so, you are now welcome to move to Career Essentials.