If you are looking for top banking recruitment agencies in Singapore, then you have certainly come to the right place. You need banking and financial recruitment services that can guarantee you efficient services and effective results if you want to take a step towards achieving better recruitment results.
The best recruitment partner should also be reputable and reliable enough to assure you that you won’t get anything positive results. In this guide, you’ll learn more about the top banking recruitment agencies in Singapore, and what you should consider before going with your pick.
What Recruitment Agencies Do
Before moving further, it’s always good to know the basics like what is the work of a recruitment agency? If unaware, recruitment agencies simply bridge the gap between an employer and potential employees.
Recruitment agencies help companies fill their open job positions with certified or qualified individuals for the job. The companies involved hire the recruitment agencies to help them in finding the best candidates suited for their open roles in the company.
General, this is a win-win situation for both parties involved in the entire recruitment process. To find the best candidates for the open jobs, the recruitment agencies will usually headhunt or opt for screening procedures to find these candidates. When they do this, they place themselves at an advantage of finding the best individuals for the companies looking to hire such individuals.
How Much Do Recruitment Agencies Cost?
Because companies are hiring services from recruitment agencies, the latter will most certainly offer their services at a fee. Remember, the recruitment agencies are also business entities and they need revenue to stay in business and deliver the best services.
So, it’s only fair for them to earn from their recruitment services. But how much do recruitment agencies charge?
Usually, recruitment agencies in Singapore can cost from 15% – 30% of a jobseeker’s yearly or annual salary. However, the job seeker must have successfully landed the job for the aforementioned range to be viable.
That’s not all, recruitment agencies will also help the employee fight for an increase in salary or higher pay. This is mostly because the former, which is now the recruitment agency, usually earn a certain percentage of the employee’s annual salary.
Hence, the more money an employee earns from the company that just hired him/her, the more the recruitment agency can benefit from the deal.
Factors to Consider When Choosing a Recruitment Agency
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Consider the Type
Some agencies specialize in certain niches, while others are full generalists when it comes to their recruitment services.
Therefore, you’ll have to consider the type that suits you best before hiring a recruitment agency.
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Experience
The top banking recruitment agencies in Singapore should have enough experience in their industry. They should be able to advise you on the best ways of getting qualified and reliable employees for the benefit of your business.
With experience, you can get a better idea of what you are looking for, what you need, and what you should expect from their services.
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Costs
As a company, you must also run your recruitment budget because you don’t just want to spend money unwisely. Compare different prices but don’t settle for cheap recruitment as that won’t do you any good.
Ensure you find a reputable agency but affordable as well so that you can maximize your recruitment budget.
Other things to consider when looking for a top banking recruitment agency in Singapore include location, and the industry bodies as well.
