Cutting Hiring Costs: How Startups Can Save Money on Recruiting
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Are you looking to scale up your company without breaking the bank? As a budget-conscious founder or hiring manager, you know that every dollar counts.
Recruiting is one of the most time-consuming and costly aspects of running a growing business. Since you don’t have the time to find, vet, and make new hires yourself, you may decide to work with a recruiting agency.
But this is expensive.
Most agencies charge a placement fee that is 30–40 percent of the new employee’s first-year salary. That’s a lot of money! However, we have an option that can save you both time and money.
Introducing Arcanium’s Recruiting as a Service (RaaS).
RaaS is a simple, scalable monthly subscription without painful commissions. Clients save 50–70% on average compared to traditional agency models!
How much can you save?
Imagine you wanted to hire John, a Senior Full Stack Developer. John’s starting salary is 175K. A traditional contingency-based agency would charge you $35,000 to hire John. With Arcanium’s Recruiting as a Service (RaaS), you would only pay $12,000 for the same candidate. That is a 66% savings!
Senior Full Stack Developer
Salary: $175K
Contingency Model: $35,000
RaaS Model: $12,000
Savings: 66%
Machine Learning Engineer
Salary: $180K
Contingency Model: $36,000
RaaS Model: $18,000
Savings: 50%
Lead Game Developer
Salary: $175K
Contingency Model: $35,000
RaaS Model: $12,000
Savings: 66%
Director of Data
Salary: $190K
Contingency Model: $38,000
RaaS Model: $6,000
Savings: 85%
Based on these examples, RaaS is far less expensive than traditional models and in-house recruiting. With the high costs of contingency fees, your company can’t afford to ignore Recruiting as a Service (RaaS).
To learn more about Recruitment as a Service (RaaS), visit Arcanium’s website or email brandon@arcanium.io.
