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Consultant Fee - Recruitment





 

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  #1  
24-10-2008, 11:08 AM
Join Date: Oct 2008
Consultant Fee - Recruitment
Dear all,

Kindly help me to find the consultant fee to close the opening.

I heard its 8.33% is the market rate for any closure.

But i have a consultant whos working for my company for almost 3 years and he charges almost 12% and to say our company has not signed MoU with the consultant.

Does the closure fee varies with CTC or the position.

Kindly enlighten me on this.

Regards,
Priya
  #2  
24-10-2008, 11:13 AM
Join Date: Jul 2007
Location: Bangalore
Hi Priya,
At the outset its better to have MOU signed among the two.

As you mentioned it varies and depends on the services provided by consulting firms.
It starts from 8.33% and varies based on years of experience/CTC offered.
However its always within HR team to negotiate it for uniform rate irrespective of positions/CTC.

Regards,
VGA

Quote:
Originally Posted by priyaranganathan View Post
Dear all,

Kindly help me to find the consultant fee to close the opening.

I heard its 8.33% is the market rate for any closure.

But i have a consultant whos working for my company for almost 3 years and he charges almost 12% and to say our company has not signed MoU with the consultant.

Does the closure fee varies with CTC or the position.

Kindly enlighten me on this.

Regards,
Priya
  #3  
24-10-2008, 11:25 AM
Join Date: Jul 2008
Priya

It depends on the consultant and the position they are working on.But getting MOU singned is a prequisite.Generally the rates are-
Upto AM-8.33%
Mgr to GM-12 %
Above GM-16 %

But for specific headunting and executive search the rates are not predetermined

Please let me know your views on this

Regards
Bishwajeet
  #4  
26-10-2008, 12:01 PM
Join Date: Apr 2008
Location: Oman
Can you please let me know that whether these fees are based on annual income (Basic or Full)?

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