How Much Will I Spend to Engage a Hiring Company

If you’re looking to partner with a company on hiring or recruiting for your business, the cost for that service is probably one of your most significant deciding factors. How much spent is a good value? Is the company worth investing in to ultimately help staff my business? 

Consider these cost influencing factors when you’re browsing hiring companies to partner with. 

1.Know What You Need

What do you really need? Do you have a position in your company that you have a tough time filling? Is your company growing and you need to hire, but you don’t have a hiring skillset in-house? Do you only need help seasonally and do you not want to pay a full-time employee?

By defining your needs ahead of time, you can ensure you get an accurate quote and you will be able to more accurately compare quotes and make a good decision for your budget and timeline.

2. Partnership Timeline 

What is your timeline for hiring? This is a factor that can influence the cost of hiring. If you’re running a 6-month campaign and have multiple positions open, the cost to hire will look very different than if you have one spot to fill and want to get an employee hired as soon as possible. Keep in mind, while the timeline does influence cost, an upfront investment in a longer hiring process may save you money in the long run. The longer timeframe may account for a larger candidate pool, more applicants to keep on hand for future hirings, and higher quality candidates.

3. Number of Openings 

This factor is pretty self-explanatory, but filling multiple positions requires a larger budget than filling just one. Much like the timeline, you may actually save money per hire while hiring for various positions than hiring one at a time. 

If your budget is a concern to you, check with hiring companies to see what their contracted services include. If you’re able to work with a company that only charges you when hiring services are actively happening, you can save a lot of money. 

Businesses like Liberty Employment Solutions are here to help! After a one-time setup fee, we only charge you for hours we spend on your hiring needs – either as hours accrue or from a predetermined retainer. Once your position is filled, our bills stop until another need arises. That way, you’re not spending money on a service you aren’t using. Ready to get started?