Freelance recruiting is a side hustle you don’t hear much about in the personal finance community. The job of a recruiter is to fill open positions for companies.
A strong relationship must be in place between a company and recruiting firm before they’ll be ready to pay a substantial fee to hire someone.
Recruiting fees are generally based on a candidate’s starting salary. The fees can range from 15% to 35% of starting salary.
So if you run the math: a starting salary of $80,000 could result in a recruiting fee of $16,000 at a 20% commission for the recruiting firm.
I can’t speak for all freelance recruiters but can walk you through my responsibilities.
For example, my business partner had several freelance recruiters working for him. He’d assign it to one of us whenever a job opening came in. That’s when I went on the hunt for qualified candidates.