When searching for a new position, there are several types of employment agencies to consider:
Contingency Employment Agency
A contingency employment agency is paid when their candidate is hired by the employer. Some contingency agencies charge the candidate while others charge the employer, so before working with a contingency agency, clarify who is responsible for the fee first. This type of recruitment agency is used for low and mid-level searches, and a large number of resumes are sent to the employer for review.
Executive Search Firm
Executive search firms have exclusive relationships with employers. Search firms are typically hired to find senior-level candidates to fill a specific role in the company. Executive types of employment agencies even approach potential candidates who aren’t actively searching for a new position, developing strategic approaches to entice them away from their current employer. Also known as retained search recruiters, executive search firm professionals are paid expenses and a percentage of the employee’s salary even if the candidate is not hired.
Temp agencies are a type of recruitment agency that finds candidates to fill open positions that aren’t long term. Temporary staffing firms fill a wide range of temporary positions during seasonal months when businesses need a larger workforce, such as tax season, summer months, and holidays. Temp agencies can also provide benefits, including health insurance, childcare expenses, and vacation pay. And if a temporary job turns into a permanent position, the employee is paid directly by their new employer.
Niche types of employment agencies hire candidates who are skilled in highly specialized career fields, such as electronics, IT, accounting, digital marketing, and management. Specialty agencies can work on a temporary, contingency, or retained recruitment basis and often have relationships with a wide range of companies in their area of expertise. Niche agencies can offer details on how to do well in an interview and create a polished resume filled with the right hard skills in your industry to get you noticed by the employer.