How Much Does It Cost to Hire a Recruiter in Toronto?
It’s no secret that hiring a recruiter can be expensive. But how much does it actually cost to hire a recruiter? And is it worth the investment?
In most cases, it costs around 15-30% of the employee’s first-year salary to hire a recruiter. This fee usually includes the cost of the recruiter’s services, as well as any advertising or search fees. For example, if you’re looking to hire a new accountant who will earn $60,000 per year, you can expect to pay the recruitment agency between $9,000 and $18,000.
While this may seem like a lot of money, it’s important to remember that the average cost of hiring an employee is around $4,000. This means that, in most cases, you’ll actually save money by working with a recruiter.
Additionally, the cost of working with a recruiter is often offset by the time and effort saved in the hiring process. Recruiters can help you find the best candidates, screen applicants, and schedule interviews – all of which can save you a lot of time and energy.
If you’re considering hiring a recruiter, it’s important to weigh the costs and benefits carefully. In most cases, the investment is well worth it – especially if you’re looking to fill a high-level or hard-to-fill position.