Are Staffing Agencies Expensive?
With increased worker mobility and the rise of the gig economy, staffing agencies have become a key career-enhancement path for many job seekers. However, some candidates remain concerned about the details. They fear that using a staffing agency will become expensive or end up losing them money in the long term.
This just isn’t true. Staffing firms are not expensive for job seekers. On the contrary, their services come at no cost to you. They offer an amazing, zero-expense way to push your career to the next level.
In today’s economy, staffing companies represent a significant portion of the job market. Each week, more than three million temp and contract employees work for staffing firms in the U.S. On an annual basis, the number of people hired through this process reaches almost 17 million.
The role of recruiters is only growing. One survey indicated that more than half of hiring managers (54%) expect to see their use of staffing agencies rise in the next half-decade. Clearly, this represents a significant source of potential opportunities.
However, it’s important for you to understand how staffing firms make their money and how they operate on your behalf. Here are a few things to keep in mind about the economics of the recruiting industry:
How do staffing agencies make money?
Staffing agencies get paid by their corporate clients. The candidates don’t have to pay a cent. The recruiter doesn’t take a piece of their workers’ income, and they don’t receive any upfront payments from people they place either.
Instead, the staffing revenue all comes from employers. When a company hires a worker through a recruiter, that firm will pay a fee. The job seeker isn’t on the hook for any fees or hidden costs.
Do staffing agencies only care about their corporate clients?
The fact that staffing agencies get their revenue from corporate clients means workers don’t need to pay for their services. However, many candidates worry that recruiters only care about the companies that hire them. In this conception, job seekers just become a product that staffers provide.
This couldn’t be further from the truth. Providing skilled and enthusiastic talent represents a staffing agency’s path to long-term success. They keep their clients happy by making excellent matches. Workers need to fit into the corporate environment and provide real value in order to receive future business from that client. As such, staffing agencies care deeply about job seekers’ success, because that feeds into the recruiter’s reputation and into its long-term revenues.
What are the benefits of working with a staffing agency?
Working with a staffing agency offers a great no-cost way of finding a stellar position. At the same time, a recruiter offers other benefits as well. Here are some of the bonus advantages you gain from working with a staffing firm:
1. Find jobs faster
With a staffing firm’s help, you’ll be able to find a meaningful position in less time than it would take on your own.
2. Build your resume
The positions you obtain through a recruiter will expand your work history and supplement your skills. With the experience, you’ll be prepared for even better jobs down the road.
3. Access to “hidden” jobs
Not all positions get posted on public job boards. Recruiters have access to these “hidden” opportunities, ones that might only appear on internal postings.
4. Professional advice
Working with a recruiter allows you to talk to a knowledgeable expert about your career trajectory. You can better shape your resume and direct your professional development towards your long-term goals.
Understanding your recruiter’s financial incentives lets you become a better job seeker. Teaming with a top staffing firm, like TriStarr, lets you fast-track your career development, without costing you anything.
Contact TriStarr today to learn more about what they can do for you.