Recruiters

Many people think that chasing recruiters will lead to their next position. While this may happen some of the time, it is very unlikely.  Only 5% of jobs are attained through a recruiter. That said, it is still important to understand the role of a recruiter in your job search and the different types of recruiters.

  • Internal, Inhouse or Corporate Recruiter will resides within the hiring business. Their goal is typically to find full-time employees for their own organization (e.g., JPMorgan Chase, Novartis, Google).
  • Contingency Recruiter  The hiring company outsources recruitment to the contingency recruiter who gets paid ONLY if they find a candidate.
  • Retained Recruiter The hiring company will pay the retainer recruiters a fixed, upfront fee to have them perform a dedicated job search for them. These recruiters are often used by larger companies who are seeking specialized employees that aren’t usually found in the “mass market”.
  • Staffing Agency Recruiter (Temp/Contract) They hire temporary employees to work for a short period of time. The contractor is actually an employee of the Staff Agency Recruiter (aka a W-2 employee). The staffing agency pays all the wages, taxes, medical insurance and benefits. The contractor is paid an hourly rate by the Staffing Agency, and they add on a markup to the client company to cover the staffing agencies costs. Some in our area are Kelly Services, Manpower, …
  • Consulting Company Recruiter Follows a similar model like the staffing agency, except that they tend to recruit highly specialized professionals in the IT, finance, and corporate-level positions. Instead of a period of time, the employee is contracted for a “project.” Often the employee will stay on but move to another project at another firm. Examples are The Creative Group, McKinsey, Accenture, KPMG, …