Typical Employment Agency
A typical employment agency helps job seekers find jobs as well as corporations recruit employees. Although it is becoming more rare, some companies charge job seekers for their services. Before you sign a contract with them, make it clear whether there will be a charge involved.
Other typical employment agencies are paid by the business. Many firms specialize in a certain field, such as sales and marketing, accounting, human resources management, legal, sports, or information technology job searches. In most circumstances, we would advise against hiring a job search organization that costs the job seeker. Given the amount of agencies employed by businesses to identify a qualified job prospect pool, most individuals would be better off submitting their resumes to these firms for free.
Agency for Temporary Employment
A contingency agency gets paid when the company hires their candidate. Some contingency agencies charge the candidate, so make sure you understand who pays their fee before signing on. These businesses are most often employed for entry-level and mid-level searches, and they frequently send a significant number of resumes to the company.
When you apply for a job via a contingency agency, you will most likely be competing against individuals who discovered the job opportunity from a number of means, including the company's HR department, job boards, and potentially other recruiters.
Executive Search Firm | Retained Search Firm
The employer has an exclusive agreement with a hired search company. Search companies are generally contracted for executive- and senior-level searches, as well as for a particular time period to identify a candidate to fill a vacancy. These organizations specialize in identifying and contacting the best prospects for an employer, and will often approach executives who are not actively seeking for a new job to see if they can persuade them away from their present workplace. Retained search companies are compensated for their expenditures as well as a part of the employee's income, regardless of whether the applicant is hired.
Because their agreement with the employer requires them to provide only the most qualified candidates for the job, retained agencies will thoroughly analyze the candidate's credentials before providing them to the hiring manager.
Temporary (Temp) Staffing
Temporary agencies are employment agencies that locate workers to fill short-term positions. Temps are often engaged to work during seasonal spikes in business, tax season, harvest seasons, or to replace vacations or sickness. Professional consultants are often placed in short-term projects by temp firms.
Many temporary agencies have increased their involvement in the employment market to fill "temp to perm" roles, which begin as temporary positions but may become permanent if the company chooses to hire the applicant.
Temporary staffing services (such as Spherion, which seeks temporary employment for employees in the office / administrative, light industrial, non-clinical medical, and customer service sectors) may put job seekers on a retainer and assign them to temp positions as they become available. The employee's formal "employer" is the staffing agency, which provides the paycheck.
Benefits like as health insurance, childcare allowances, and vacation compensation may also be provided. If a temporary employment becomes a permanent one, the contract with the staffing agency terminates, and the employee is paid directly by their new employer.
Words of Caution
Using employment agencies as a tool in your job hunt might be beneficial. However, avoid the trap of leaning too much on recruiters. Many firms now utilize job portals like Indeed or Monster to find applicants, while others depend on internal recommendations from employees.
Make use of a diverse collection of job search tactics, such as networking, online job boards, and direct application via target organizations' websites. When employing agencies, avoid dealing with a single recruiter solely since each agency only services a restricted number of firms.