top of page

Split Fee Network: Benefits for Employers & Recruiters

Updated: Jan 11

Are you tired of spending too much time and money on traditional recruitment methods? Have you ever wished for a tool that can help you find the perfect candidate for a job opening with minimal effort and maximum results?


In this blog, we will discuss how you can do just that! The benefits of split fee recruitment networks for both recruiters and employers are waiting for you. Read more to find out!

Table of Contents:

  • What is Split Fee Recruitment?

  • How Does Split Fee Recruitment Work?

  • Benefits of Split Fee Recruitment Networks

    • Increased Access to Talent Pool

    • Cost-Effective Solution

    • Improved Time to Hire

    • Additional Revenue Potential

    • Equitable Recruiting Desk

  • Conclusion

  • FAQs


What is Split Fee Recruitment?


Split fee recruitment is a type of recruitment where multiple recruiters team up to fill job openings and split the commission. This allows recruiters to work together and share their resources, including job listings, candidate databases, and professional networks.


This is the second blog on the series of Split Fee Recruitment Networks. Check out our first blog if you haven't already: What Is Split Fee Recruitment & How Does It Work


split fee network benefits for employers and recruiters

How Does Split Fee Recruitment Work?


Split fee recruitment works by forming a network of recruiters who agree to share the commission for filling a job opening. When a recruiter finds a candidate that is a good fit for a job opening, they can share the candidate's information with other recruiters in the network. If another recruiter successfully places the candidate, the commission is split between the recruiters involved in the placement.


Benefits of Split Fee Recruitment Networks


Hear this blog in a fun video instead -



Increased Access to Talent Pool

One of the biggest benefits of split fee recruitment networks is increased access to a wider talent pool. When recruiters collaborate, they can tap into each other's professional networks and candidate databases.


This allows employers to have a larger pool of qualified candidates to choose from, increasing the chances of finding the perfect candidate for the job.


Cost-Effective Solution

Split fee recruitment networks are a cost-effective solution for recruiters and employers. By teaming up with other recruiters, they can share the cost of finding and placing candidates.


Employers only pay if the candidate is successfully placed, which means they do not have to pay for any recruitment costs if the candidate is not successful. This can save recruiters and employers a significant amount of money compared to traditional recruitment methods.


Improved Time to Hire

Working with other recruiters in a split fee network can significantly reduce the time to hire. Recruiters can quickly identify potential candidates and share them with other recruiters in the network.


This allows employers to receive multiple candidate recommendations quickly, which speeds up the hiring process.


Additional Revenue Potential

Having a split fee placement is an additional revenue opportunity that you can capitalize on. In a split fee recruitment network, you can work with other recruiters to source candidates and fill job orders.


Split placements can result in an extra $5,000-$15,000 in revenue, which can add up quickly and improve your bottom line.


Equitable Recruiting Desk

Some recruiters have more job orders than they can handle, while others have difficulty finding work. Split fee recruitment can assist in balancing your recruiting desk and filling gaps.


If you have an excess of job orders, you can request that your split recruiting partners source candidates to fill them. If you don't have enough job orders, you can work on your collaborator's orders and assist them in filling their positions.


Everyone benefits from working with other recruiters, and you can fill more job orders.


Conclusion

In conclusion, split fee recruitment networks can be a total game-changer for recruiters and employers. By collaborating with other recruiters, they can gain access to a wider talent pool, reduce recruitment costs, and improve the time to hire. If you are a recruiter or an employer looking for a cost-effective and efficient recruitment solution, then split fee recruitment networks are definitely worth considering.


Want to join a split fee recruitment network?


FAQs


Q. What is a split fee recruiter?

A split fee recruiter is a recruiting professional who collaborates with another recruiter or agency to fill a job vacancy. In a split-fee arrangement, the two parties agree to split the commission for a successful placement.


Q. What is split desk recruiting?

Split desk recruiting refers to a recruiting model where a recruiter is responsible for both business development (finding new clients) and candidate sourcing (finding job seekers). In split desk recruiting, a recruiter may split their time between working on behalf of clients and searching for suitable candidates to fill job vacancies.


Q. What are the benefits of a contract recruiter?

Hiring a contract recruiter can offer several benefits for businesses, including flexibility in staffing, cost savings, and access to specialized expertise. A contract recruiter can also help to quickly fill open positions, provide temporary staffing solutions, and manage the recruitment process from start to finish.


To stay up to date on the latest news and trends related to the staffing industry, don't forget to subscribe to our email list!

Recent Posts

See All

Commentaires


bottom of page