A recruitment agency helps a person find an appropriate job, whether he is working or currently unemployed. There are usually many positions in an industry which may be overlooked or neglected by an inexperienced candidate. A recruitment agency helps you to find such positions according to your qualifications, interests and skills. Usually, a recruitment agency charges a fee to its client company whenever a candidate is hired. However, some recruitment agencies working on commission basis may also charge the candidate. In order to avail the services of a recruitment agency, you have to register yourself with the company.
There are many different types of recruitment agencies. It does not matter if you are looking for an electronics recruitment agency or an IT recruitment agency. In order to choose the right one to get an appropriate job, it is important that you know the basics of each different type of recruitment agency. In this article, we will tell you about the different types of recruitment agencies.
Different Types of Recruitment Agencies
1) Contingency based Agencies – Traditionally, contingency based agencies are known as employment agencies. They work with client companies to find suitable candidates by matching a candidate’s qualifications and skills with the company’s requirements. Once the criteria matches, a short interview is conducted followed by a reference or background check. Some employment agencies charge a flat fee to the client company, while others ask for a percentage of the candidate’s first salary. In most cases, the candidates serve a probationary period and the agency is only paid once the candidate successfully serves the probationary period. Contingency based agencies are usually famous for administrative jobs.
2) Retained Search agencies – Retained agencies usually handle senior level positions in an industry. These agencies are also known as executive search firms. The fee that a client company pays to a retained search agency is non refundable and a part of it is paid in advance for doing a retained search in order to fill a position. The remaining amount is paid once the client company hires an employee. A retained search agency finds candidates to meet the criteria mentioned by the client company.
3) Temp Agency – A temp agency is also known as a staffing agency. It usually hires employees or candidates to fill temporary positions in an organization. Due to seasonal increases or an employee leaving the organization on a temporary basis like maternity leave, temp agencies provide candidates who work for that specific period of time. Usually, the client company pays an hourly rate for the candidate it hires. The temp agency will have to pay the candidate’s wages, benefits etc. Temp agencies act as a bridge between temporary jobs and full time employment.
4) Niche Recruiting Agency – Such a recruitment agency is responsible for hiring skilled candidates who are specialized in a certain discipline. Electronics recruitment agencies or Aeronautics recruitment agencies are some example that comes under this category. A niche recruitment agency ensures that a candidate is highly skilled and perfectly matches the criteria of a client company.
Mike is a freelance writer who writes on different topics such as online education, interview tips and social media. He holds a Bachelor’s degree in Electronics. He has published more than 500 articles about various topics, including the role of guest blogs and social media in daily life. His famous articles includes article on Electronics recruitment. He loves to travel and make new friends.