At Procompare, we have been tracking prices and seasonal trends for many years. Based on our proprietary data of historical project costs (acquired from thousands of our Pros) and other cost data from various respectable sources, we have put together a 2024 Talent acquisition cost guide, where we have gathered all the necessary information for you to make the best possible decision.
Contingency recruitment (annual salary R500.000)
In this model, the agency only gets paid if they successfully place a candidate. The cost typically ranges from 15% to 20% of the candidate's first-year annual salary. This is a common choice for non-executive positions. The pride listed is for a position with an annual salary of R500.000. This is a common choice for non-executive positions. The average cost of Contingency recruitment is R85,000, or typically between R75,000 and R100,000.
Get quotesRetained recruitment (annual salary R500.000)
This service is often used for high-level or specialized positions. Companies pay a retainer fee upfront, and the total cost ranges from 20% to 30% of the candidate's annual salary. The price listed is for a position with an annual salary of R500,000. This method ensures dedicated time and resources from the agency. For Retained recruitment, expect to pay between R100,000 and R150,000.
Get quotesExecutive search (annular salary R500.000)
For senior and executive roles, agencies typically charge between 25% and 35% of the candidate's annual salary. This high-end service involves a comprehensive search process, including headhunting and detailed candidate assessments. Executive search costs range between R125,000 and R175,000 with an average of R150,000.
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