SPECIAL REPORT

Recruiting Marketplace Benchmark Report

The definitive collection of industry trends in critical hiring from the world’s leading recruiter engagement platform.

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s the largest recruitment platform of our kind, we thoroughly understand why, when, and how companies work with third-party recruiters.

From start-ups to Fortune 500s, companies routinely send open roles to recruiting agencies, and thousands of those recruitments move through the BountyJobs platform every year. Because of this, we’re able to gather unique data points that can provide actionable benchmarks and a temperature gauge on the current talent landscape.

Simply put—our platform makes it easy, efficient, and effective for companies to get help from agencies, and we have access to exclusive, anonymized insights on what happens when they do.

Some of the insights and trends we continually observe include:

  • Types of roles in high demand
  • Industries struggling to find talent
  • Salary trends in critical roles
  • Fees needed to attract skilled recruiters
  • Timeline and result expectations

Whether third-party search is an embedded piece of your recruiting strategy or you’re considering it for the first time, this benchmark report can help you understand trends and gather actionable data to help shape your strategy.

The Jobs

Employers leveraging the BountyJobs marketplace post jobs across multiple industries and for varying skill levels.

From Chief Medical Officer to Senior Full Stack Developer to Assistant Accountant to Receptionist, the BountyJobs platform handles thousands of roles every day. In this section, we take a look at what makes up these roles and how employers use the platform to their advantage.

The Jobs

Jobs By Industry

Which industries are engaging recruiting agencies?

8%
Pharmaceutical/Biotech
14%
Medical Equipment Devices
10%
AEROSPACE AND DEFENSE
21%
Healthcare & Health Services
12%
Financial Services
7%
Manufacturing & Production
9%
Information Technology
19%
OTHER
The Jobs

By Job Category

What job categories are posted most frequently?

The Jobs

By Seniority Level

What seniority level are the positions going to recruiters?

Entry / Associate

45%
Director
12%

Mid-Senior

40%
Executive
3%
The Jobs

By U.S. Location

Which U.S. locations employ recruiting agencies the most?
The Jobs

By Month

What time of the year do employers go to search?
The Jobs

Posting Visibility

What percentage of job posts are public or private?

Compensation

Money talks—but other benefits do too. Although the days of enticing candidates with catered meals and Friday happy hours and are likely behind us, benefits and perks come in many other forms. Across all roles on our platform, we’ve found that when attracting and hiring top talent, the most effective strategies stem from a fair, well-rounded offer.

A common misconception is that third-party recruiting is primarily reserved for senior executive level roles. In the below compensation section, you’ll see that third-party search is used for every level, and you’ll find benchmarks and trends we’ve seen across hiring in an unpredictable labor market.

Compensation

Break-down

How do the roles sent to agencies align to salaries?
7%
< $50,000
46%
$50,000 – $99,999
34%
$100,000 – $149,999
9%
$150,000 – $199,999
3%
> $200,000
Compensation

Year Over Year

How are salaries changing over time?
Compensation

By Seniority Level

How did salary averages break down for different seniority levels?
Compensation

Other Compen-sation

What other forms of compensation or attractors are used on these jobs?

Offered Bonus

Full Benefits

Relocation

Commission

Recruitment Fees

Keeping tabs on fee data is critical when leveraging the tool of third-party recruiting. An organization that pays below industry averages is likely losing candidates, but paying above industry averages may mean spending more than they have to.

Paying attention to fee trends over time to see the bigger picture is key – an increase in fees indicates an increase in demand – with that comes challenges that companies would be wise to address as they look ahead.

Fees

High-lights

Who is paying a premium or going discount?
11%
57%
32%
Fees

Year Over Year

How are recruiting agency fees changing over time?
Fees

By Industry

How are recruiting agency fees changing over time?
Fees

By Job Category

How are recruiting agency fees are changing over time?
Fees

By Seniority Level

How do recruiting fees break down on average?
entry/associate
21%
director
19%
mid-senior
21%
VP OR C-SUITE
22%

Search Outcomes

Once you’ve determined salaries and fees, when can you reasonably expect to see resumes, interview candidates, and hire your new employee? Comparing your company’s data to industry benchmarks can be useful to help you measure your agency performance and identify areas for improvement. If, for instance, your first interviews take longer than the industry average, consider running an intake session to become better aligned with your agencies.

Keep in mind, however, that benchmarks are averages for jobs with wide ranging characteristics. There are a variety of factors that affect search activities and performance metrics. Some factors may be out of your control, such as a scarcity of talent in your area. Beyond that, every company’s hiring process is unique, and your performance metrics should reflect that.

Search Outcomes

Recruit-ment Timeline

Average time to key milestones
Search Outcomes

Time to Inbox + Fill

A few of our favorite (and most challenging) job fills
Search Outcomes

TA Team Impact

Strong results for a tough hiring climate

In this tight employment market, your recruiting strategy must fire on all cylinders. That includes a streamlined contract review and execution process that cuts out all the back-and-forth, wasted time, and headaches. In addition, our detailed library of analytics helps our customers identify pain points as we quickly recommend and implement effective solutions, saving time and money.

Do you know BountyJobs?

  • We make it easy, efficient, and effective to engage recruiting agencies.
  • We help companies measure & manage their agency vendors.
  • We make procurement teams happy.
  • We make talent acquisition teams heroes.

We are BountyJobs—your strategic solution for challenging hires.