Audit Friendly’s Post

In the competitive world of recruitment, every percentage point in your margin counts. Traditional agencies charge up to 25% of a candidate's first-year base salary for a successful placement, a standard practice that's both accepted and expected. Enter Audit Friendly: our approach turns the conventional model on its head by offering specialized sourcing services for just 4.5% of the first-year base salary. This strategic shift not only delegates 60-70% of the sourcing workload but also secures a gross margin of over 80% for your agency. The result? Enhanced profitability, streamlined operations, and the freedom to focus on what you do best. Choosing Audit Friendly for your sourcing needs isn't just a smart decision—it's a game-changer for your business.

Understanding Recruitment Margins: The Link to Interest Rates Here is a topic that's often overlooked but crucial for understanding the staffing sector: how recruitment margins link to net present value and interest rates. While recruiters usually talk in pounds and pence, there's a bigger picture. Simply put, recruitment margins are the difference between what an agency charges customers and what they pay the contractor. These margins need to consider the time value of money. When a candidate is placed, future payments from clients are discounted back to their present value using a discount rate influenced by interest rates. Higher interest rates mean higher discount rates, reducing the present value of our future cash flows – especially if the agency uses invoice finance. Complicated? Maybe this is why it is not widely discussed. To maintain a healthy business, especially in a higher interest environment, firms need robust margins. It's surprising we don't discuss interest rates more in recruitment. Perhaps interest rate linked margins in frameworks and contracts is a conversation that our industry need to have with our customers.  

In periods of an unstable economy, it’s critical that you reassess your recruitment approach to stay ahead. 🤔 🤯 61% of businesses found it hard to find the right candidate, 60% struggled to identify the right skill set and 54% found it hard to meet candidates salary expectations. Your recruitment process reflects your brand’s approach to people and directly impacts your ability to source the best candidates. Reach out to discuss the benefits of partnering with a specialist recruiter and understand their processes to ensure the recruitment process is efficient. ☎ 02392455422 📧 zoe.jones@dynamiterecruitment.com Dynamite Accountancy & Finance

Selecting the right recruitment pricing model can significantly impact your business. Whether it’s Percentage of Salary, Retained Search, Flat Fee, or Hourly Billing, each option comes with its pros and cons. 👩💻 At Simply Talented, we understand that every business is unique. That’s why we offer a range of flexible payment options, ensuring the best commission structure to meet your specific needs. 💼✨ #talent #pricingmodel #recruitment #cooperation #client

" Recruitment Process Flow Chart "

🔍 Recruitment Pricing Models: Which One is Right for Your Business? 🔍 Choosing the right recruitment pricing model can be a game-changer for your business. From the traditional Percentage of Salary model to Retained Search, Flat Fee, and Hourly Billed options, each has its own set of advantages and challenges👩💻. Understanding these can help you make the most informed decision for your hiring needs🏩. At Simply Talented, we know that every business is unique. That's why we offer a variety of payment options, ensuring we provide the best commission structure tailored to your specific needs and financial requirements. 💼✨ Curious about which model might work best for you? Dive into our latest article to explore the pros and cons of each recruitment pricing model and find the perfect fit for your business👇: https://bit.ly/4ck5azd #Recruitment #Hiring #BusinessGrowth #SimplyTalented #TalentAcquisition

Understanding Recruitment Audits: A Comprehensive Guide https://buff.ly/4e5jMn3 @[People Managing People](urn:li:organization:23742926)

Recruitment fees! The elephant in the... industry. In the world of skilled labour, it seems that every recruitment agency has standard terms around 25%-35%, and every client wants to work at 15%. Usually, you meet somewhere in the middle and get cracking. I wonder if the world of recruitment is ready for a quality-based fee model.... Say my team take on a job and the fee is based on how happy you are with the service! Once the job is filled, you give us a score between 0 and 10 and the fee goes up 1% per score - so 0/10 is 15%, 5/10 is 20%, 10/10 is 25%, etc. Obviously if we keep doing a tremendous job and you keep scoring us 0/10, it's probably not a partnership that will last, but if done properly, could this work? Would it drive quality and speed? Would it build trust? Would it ensure both parties get value? What do you think? Would you give this a go? Fascinated to hear the thoughts of both recruiters and hiring managers on this!

Understanding Recruitment Audits: A Comprehensive Guide https://buff.ly/4e5jMn3 @[People Managing People](urn:li:organization:23742926)

Get a 100% predicted price for recruitment 💰 What is the fee structure of recruitment agencies? What percentage of the annual salary do they charge? Are there any hidden costs? As a business owner, you've likely pondered these questions before. It's important to consider strategic factors and their impact on your wallet when choosing your partner agency. For more information about cooperation models, pricing, guarantees, and legal bases with recruitment agencies around the globe, click here: https://zurl.co/f2B8 #OutstaffYourTeam #recruitmentfee #recruitment