Bank finance articles and tips

In the past, many employment agencies would charge unreasonably high prices to an employer, who hired that company for job placement, and for matching up the potential candidates for the job, and placing the right individual for the job that the employer was hiring. Employers were spending thousands of pounds annually, basically for the employment agency to do the screening work for them, and to choose the candidates, that would make the best fit for that employer. However, today, many agencies are offering the flat fee recruitment option, since the world of e-recruitment has come around, and the recruitment agencies are trying to stay in business, they have taken on a flat fee service rate.

The flat fee option is a great choice for employers who need new employees, but do not have the time to screen each candidate themselves. So, they will pay the employment agency up front, and will pay a flat fee for the services, meaning there will be no surprises when the time comes for the employment agency to send the potential candidate off on the job interview. Many employment agencies also give employers that use their services access to online portals, where they can screen potential employees, and those who are applying for the job, in order to rule out candidates, before they even come in. The benefit is that the employer knows what they are paying up front, they get the additional services including the portals, and there will never be a surprise charge from the employment agency.

The choice to go with a flat fee recruitment pay rate is something that most, if not all employment agencies are doing today. The fact that today e-recruitment can work just as well, and the employer will have to do very little work on their behalf has forced these employment agencies to offer the fixed fee option, in order to stay afloat, and to keep employers coming to them for services, rather than turning to the online route, and doing the job posting and screening on their own. So, whether the flat fee is going to be a percentage, based on the number of employees hired, and which will be paid off at the end of the year; or, whether the employment agency charges a flat fee dollar rate at the beginning of the contract period, is really up to the agency and the employer, and what terms they have agreed to.

The flat fee rate is a great choice for employers, who do not want to do the work themselves, and who are looking to otherwise save, where they were throwing away thousands of dollars in past years, on these employment services.

For more information on online recruitment and staffing visit RecruitmentRevolution.com who specialise in flat fee recruitment and low cost recruitment services.

By Martyn Wentworth
Article Source: http://EzineArticles.com/?expert=Martyn_Wentworth