Something good and cheap will not be fast.
Something good and fast will not be cheap.
Something cheap and fast will not be good.
Lower quality (and fewer) candidates
If you negotiate a lower price with a recruiter, it may impact their ability to attract candidates. They can't promote your job on popular job websites or pay for special LinkedIn accounts to find good candidates. They may also lack the resources to invest in candidate outreach and generation. In short, you may be limiting your access to the best talent.
Lower quality recruiters
Reduced fees mean reduced income for recruitment companies, which may result in smaller budgets for attracting top recruiters. Some recruiters lack the skills to connect with good candidates.
Additionally, there may be a shortage of recruiters available for finding people for jobs. Instead of assigning two recruiters to your project, they may only be able to allocate one. Lower fees may limit you to working with less experienced recruiters.
Longer hiring process
Recruiters with limited resources and weaker tools may struggle to find high-quality candidates for you. It may take them more time to identify and interview enough qualified candidates, thus prolonging the hiring process. Finding the right person for your team will require more patience and time.
Lower priority for your assignment
If a client gets a lower fee from a recruiter, your assignment may not be their most important task. They may have other projects with higher fees that they prioritize to maximize their commercial gains. As a result, the recruitment process will be further delayed, pushing your assignment down the list of priorities.
While extremely low fees may seem like a great deal initially, it's important to consider the long-term implications. Will the potential delays and lower quality candidates be worth the cost savings? Taking a step back and evaluating the bigger picture before making any hasty decisions is worth it.
Remember, finding the right person for your team is a crucial investment in your company's success. Think about the importance of a good hiring process, even if it costs a little more. In the long run, the right candidate can make a significant difference to your team's performance and overall success.