Difference between revisions of "Recruitment Fees"
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| − | [[ | + | [[Recruitment Fees]] (hereinafter, the ''Lectio'') is the second [[lectio|lesson part]] of the '''[[Recruiters' Essentials]]''' [[lesson]] that introduces its participants to [[employment]] and related topics. |
| − | [[File:Educaship-pipeline.png|400px|thumb|[[WorldOpp Pipeline]]]]This ''lesson'' belongs to the [[Introduction to Recruitment]] session of | + | [[File:Educaship-pipeline.png|400px|thumb|[[WorldOpp Pipeline]]]]This ''lesson'' belongs to the [[Introduction to Recruitment]] session of [[EmployableU Concepts]]. |
==Content== | ==Content== | ||
| − | The predecessor [[lectio]] is [[ | + | The predecessor [[lectio]] is [[Recruiter Resources]]. |
| − | === | + | ===Script=== |
| − | : | + | :A [[recruitment fee]] is the fee that an [[employer]] or a [[third-party recruiter]] agrees to pay as compensation for sourcing, screening, and, sometimes, selecting one or more [[employment candidate]]s. In many countries, the [[labor law]] restricts charging a [[worker]] with the fee for placing this ''worker'' in a job. |
| − | + | ||
| − | : | + | :A [[placement fee]] is the ''fee'' that an [[employer]] agrees to pay a [[contingency recruiter]] as compensation for placing one or more [[employment candidate]]s into specified employment. In the [[United States]], those fees are typically collected as a percentage of the annual salary of the hired, ranging between 20% to 33%. |
| + | |||
| + | :A [[referral fee]], which is also known as [[finder's fee]], is a commission paid to an intermediary or the facilitator of a [[market transaction]]. This fee is rewarded because the intermediary discovered the deal and brought it forth to interested parties. Depending on the circumstance, this fee can be paid by either the transaction's buyer or seller. In the [[United States]], either an [[employer]] or a [[recruiter]] may pay the fee for finding the right [[employment candidate]]. For instance, an [[employer]] may pay the fee to its current employee instead of paying the [[placement fee]] to a [[contingency recruiter]]. Or a [[contingency recruiter]] may pay the fee from its [[placement fee]], etc. | ||
| + | |||
| + | :In the [[United States]], a ''referral fee'' may range from a hundred of dollars and up to a few thousands. This ''fee'' is communicated in advance and doesn't require any proof of any work. The referee is is paid when the referred person is hired. | ||
| − | + | :Some recruiters are in the business of selling their [[pipeline candidacy|pipeline candidaci]]es. | |
| − | : | ||
| − | : | + | ===Key terms=== |
| + | :[[Recruitment fee]], [[placement fee]], [[referral fee]] ([[finder's fee]]) | ||
| − | : | + | ===Closing=== |
| + | :Is the difference between different types of [[recruitment fee]]s explained well? --Yes/No/I'm not sure | ||
| − | |||
| − | |||
'''[[What Career Is]]''' is the successor [[lectio]]. | '''[[What Career Is]]''' is the successor [[lectio]]. | ||
| − | == | + | ==Questions== |
| + | |||
| + | ===Placement entrance exam=== | ||
Latest revision as of 21:34, 29 October 2023
Recruitment Fees (hereinafter, the Lectio) is the second lesson part of the Recruiters' Essentials lesson that introduces its participants to employment and related topics.
This lesson belongs to the Introduction to Recruitment session of EmployableU Concepts.
Content
The predecessor lectio is Recruiter Resources.
Script
- A recruitment fee is the fee that an employer or a third-party recruiter agrees to pay as compensation for sourcing, screening, and, sometimes, selecting one or more employment candidates. In many countries, the labor law restricts charging a worker with the fee for placing this worker in a job.
- A placement fee is the fee that an employer agrees to pay a contingency recruiter as compensation for placing one or more employment candidates into specified employment. In the United States, those fees are typically collected as a percentage of the annual salary of the hired, ranging between 20% to 33%.
- A referral fee, which is also known as finder's fee, is a commission paid to an intermediary or the facilitator of a market transaction. This fee is rewarded because the intermediary discovered the deal and brought it forth to interested parties. Depending on the circumstance, this fee can be paid by either the transaction's buyer or seller. In the United States, either an employer or a recruiter may pay the fee for finding the right employment candidate. For instance, an employer may pay the fee to its current employee instead of paying the placement fee to a contingency recruiter. Or a contingency recruiter may pay the fee from its placement fee, etc.
- In the United States, a referral fee may range from a hundred of dollars and up to a few thousands. This fee is communicated in advance and doesn't require any proof of any work. The referee is is paid when the referred person is hired.
- Some recruiters are in the business of selling their pipeline candidacies.
Key terms
Closing
- Is the difference between different types of recruitment fees explained well? --Yes/No/I'm not sure
What Career Is is the successor lectio.
