When you are an employer looking to fill a job opportunity that you have, you will probably be all too familiar with the usual time consuming process and costly expense of advertising the position and then trawling through huge amount of CV’s. After you have narrowed the CV’s down you then have to run a round of interviews possibly even two or three rounds, quizzing candidates before finding the right one.
On average it is said to cost approximately £4000-£4500 to fill a vacancy, this is taking in to account advertising costs and cost of the people carrying out the interviews and managing the recruitment process.
Another option you have as an employer is to use a recruitment agency to help you fill the position. They can take a lot of the hassle away from you by doing all the advertising of the job, filtering through CV’s and then carrying out basic interviews, often over the phone, to try and narrow down the number of candidates they send to you and allowing them only to send the most suitable.
Agencies will charge a fee for this service which is often calculated as a percentage of the job roles’ annual salary. You can use more than one agency at a time and only pay the one that finds you the suitable candidate but some agencies will offer you a reduced rate if you give them sole rights to filling the position.