Difference between revisions of "Recruitment Fees"
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===Key terms=== | ===Key terms=== | ||
| − | :[[ | + | :'''[[Recruitment fee]]'''. The fee that an [[employer]] agrees to pay as compensation for sourcing, screening, and, sometimes, selecting one or more [[employment candidate]]s.<div style="background-color:#efefef; padding: 5px; margin: 15px;"> |
| − | :*</div> | + | :*'''[[Placement fee]]'''. 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%. |
| + | :*'''[[Referral fee]]''' ([[finder's fee]]). A commission paid to an intermediary or the facilitator of a [[business 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.</div> | ||
===Script=== | ===Script=== | ||
Revision as of 20:25, 1 May 2020
What Recruiters Do (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 the CNM Cyber Orientation. The Orientation is the second stage of the WorldOpp Pipeline.
Contents
Content
The predecessor lectio is Third-Party Recruiters.
Key terms
- Recruitment fee. The fee that an employer agrees to pay as compensation for sourcing, screening, and, sometimes, selecting one or more employment candidates.
- Placement fee. 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%.
- Referral fee (finder's fee). A commission paid to an intermediary or the facilitator of a business 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.
Script
- The fellows land their jobs through the WorldOpp Pipeline programme. If they start from ground zero, dedicate at least 20 hours a week, they land initial jobs as apprentices within 2-3 months in the programme. It takes 2-3 years to be competitive for well-paying jobs.
- Currently, there is a $100 bonus payable to anyone who refers a WorldOpp fellow upon his or her admission to the WorldOpp programme.
- If you are not interested in enrolling in the CNM Cyber Placement upon your completion of the Orientation, you are welcome to utilize CNM Cyber for their career enhancement, become a partner, contractor, or volunteer mentor for CNM Cyber Team, as well as just do nothing.
- Whomever you choose to be within the CNM Cyber Workforce, the Orientation will provide you with detailed instructions how to make that real.
What Career Is is the successor lectio.
