What is a Staffing Agency?
In today’s competitive era, looking for the desired job can be a daunting task. There’s so much to do, from creating resumes to networking to researching job postings to interviewing to following up with recruiters and more. This is where a staffing agency can make your job a little easier. The question is, what is a staffing agency and how does it work and make money? If you’re currently searching for a job and thinking of taking help from a recruitment firm, then this article is for you.
Whatever questions you’ve in your mind, this post will give basic information that you should know about staffing agencies. Continue reading for details.
What is a Staffing Agency?
Also known as a staffing service or recruiting firm, a staffing agency acts as a mediator between recruiters and jobseekers. Their primary goal is to help employers find skilled candidates for job openings in their companies and vice-versa. Regardless of the job size and type, they can assist both organizations and workers save their time and meet end goals.
How Do Staffing Agencies Work?
Staffing services hire skilled staff on behalf of recruiters looking to fill open job positions and help job seekers find the right jobs as per their experience. These positions can be temporary, part-time, and full-time. Recruiting firms open new doors of opportunities to candidates willing to begin a career in a new industry to gain the necessary experience and try out different options before making any commitments.
Staffing agencies are also called temp agencies or recruitment firms and usually specialize in a specific field. From job opening to recruitment, this is how staffing agencies work:
Recruiters Contact the Staffing Agency
Whenever the need for new staff occurs in a company, employers reach out to a recruitment service specializing in their particular industry. They tell them everything related to their open job positions, such as job requirements, total vacancies, offered salary, and more. The agency then composes impressive job descriptions depending on that information and advertises them on their website, social media, and other online job boards.
Candidates Apply
When job seekers see a potential job offer, they apply for it immediately. They also get a chance to talk to employers to discuss their skills. Then, the recruiters choose corresponding job positions they are looking to fill.
Interview Process
Once employers make a list of suitable candidates, they conduct screening interviews. Based on the interview, recruiters decide who they want to hire.
Contracts and Pay
After hiring, staffing agencies manage most of the paperwork, including job contracts and termination policies. This allows recruiters to save their energy and time.
How Do Staffing Agencies Make Money?
If we talk about how much money staffing agencies make, their charges typically range from 25% to 100% of the hired candidates’ salaries. So, for instance, if you and the staffing firm agree on a markup of 50%, and the new candidate makes an hourly wage of $10, then you will have to pay $15 per hour to the staffing agency for their services.
Overall, employers can expect to spend around 25-100% of the employee’s wages on a recruiting firm, including other expenses.
Conclusion
These are the details that every employer and jobseeker should know about a staffing agency. Those looking for a more convenient and economical solution should consider using an anonymous recruiting platform like SideSearch. This job search platform enables jobseekers to explore better career opportunities while keeping their actual identity anonymous.
Simply create your candidate account, add your experience and skills to your profile, and let potential employers contact you. SideSearch has proven to be a cost-effective solution for both employers and employees as it allows them to achieve their end goals without making expensive efforts.