Recruiting Marketplace Benchmark Report
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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.
Jobs By Industry
Which industries are engaging recruiting agencies?
By Job Category
What job categories are posted most frequently?
By Seniority Level
Entry / Associate
Mid-Senior
By U.S. Location
By Month
Posting Visibility
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.
Break-down
Year Over Year
By Seniority Level
Other Compen-sation
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.
High-lights
Year Over Year
By Industry
By Job Category
By Seniority Level
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.
Recruit-ment Timeline
Time to Inbox + Fill
TA Team Impact
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.