It is estimated by a number of different bodies (including CIPD) that the average cost of recruiting a new member of staff at all levels, from junior assistants through to senior executives is over £4,500 plus VAT. This takes into consideration agency fees, training fees, time taken to do the recruitment if not using an agency and the time taken by the new employee to settle into their role before they become productive. Recruitment agency fees can be a considerable chunk of money. At junior level they can range from about 10% through to 20% of the first year's annual salary or package, and at a senior level they can be as much as 35% of the package. Putting this into perspective, if you recruit a chief executive or senior manager on a salary of £100,000, your agency fee could be as much as £35,000 plus VAT. This cost can be prohibitive for small firms and preclude them from even considering using the services of a recruitment agency. But what if there was an alternative t...
Award winning blog with 100s of articles on the legal profession, legal recruitment and legal job markets by Jonathan Fagan, MD of Ten-Percent Legal Recruitment, recruitment consultants based in the UK providing a full range of services for solicitors.