Traditional recruiting comes with a hefty price tag. Most agencies charge between 15-30% of the first-year salary per hire, which is no small fee for companies needing to hire at scale. For businesses seeking to grow rapidly, these costs can become overwhelming.
However, what many businesses fail to account for are the opportunity costs of slower time-to-hire rates. The longer a role remains unfilled, the more it impacts the bottom line—whether it's sales left on the table, delayed project timelines, or added pressure on current employees.
More businesses are switching to modern recruitment models that offer subscription-based services or in-house recruitment solutions, allowing them to build their teams with a constant flow of talent while slashing traditional recruiting fees. These alternatives not only lower costs but also reduce the time to hire, allowing businesses to stay competitive.
In an increasingly fast-paced business world, sticking to outdated recruitment models may result in both higher costs and missed opportunities.