A placement agency is a company who's primary activity is recruitment of employees on behalf of companies that retain its services. Recruitment refers to the process of sourcing, screening, and selecting people for a job. A placement agency is said to have made a "placement" when the company who has retained it's services hires an employee that was referred by the agency. Placement agencies are also known by other terminology such as: employment agency, personnel agency, staffing agency, recruiters, retained search firm, and head-hunters just to name a few. These are all types of companies that assist their customers with staffing. The most common term used in French to describe placement agencies is: "agence de placement". Placement agencies differentiate themselves from each other by:
A placement agency who charges a contingency fee signs a contract with its customer and it is agreed between the two parties that the customer only has to pay the placement agency should they hire one of the potential employees referred by the placement agency. A placement agency that charges a retainer will demand payment for all or part of the fee upfront before conducting the search. As a general rule, retained search is common for executive or professional positions. Employment Type: The three types of employment are permanent, temporary, and contract. Many companies will only focus on one type while others will handle them all. Specialization: Placement agencies differentiate themselves by the industries and professions they build their networks in. Some placement agencies will concentrate on a particular industry with no regard to the position being filled. Some placement agencies will concentrate on a profession with no regard to the industry the employee will be working in. And some placement agencies focus on a particular industry and profession. Need more information? If you are a job-seeker click here . If you are an employer click here . |
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