The True Cost of Hiring: Cost Comparison 

It’s no secret that hiring talent can be costly and time-consuming. As businesses scramble to find the right fit, understanding the true costs of traditional hiring methods versus innovative platforms like GloballyHired is crucial. Let’s dive into the cost comparison and see how we can help you save money while hiring the best talent! 

Traditional Staffing Companies 

Traditional staffing companies can quickly deplete your resources, making it crucial to understand their associated costs to improve your hiring decisions. These agencies are notorious for their high fees, which can accumulate rapidly—especially for higher-paid roles—resulting in significant budget strain. 

Here’s a breakdown of the average fees you might encounter: 

• Direct-Hire Placement Fees: Typically range from 20-35% of the candidate’s first-year salary. This fee can be particularly burdensome for positions with higher salary expectations, impacting your overall hiring budget. 

• Temporary Hire Markups: Often between 60-80% over the worker’s pay rate. These inflated markups not only stretch your budget but also complicate your overall hiring strategy, making it challenging to allocate resources effectively. 

Internal Staffing Costs 

Thinking about bypassing high staffing fees and handling recruitment in-house? While this may seem like a cost-saving option, it often comes with its own set of challenges that can strain both your budget and productivity. 

Here are some key areas where internal staffing could get more expensive than anticipated:  

• Job Posting Fees: Posting on job boards can incur fees ranging from a few hundred to several thousand dollars, depending on the platform’s reach and visibility. Each listing adds to your overall recruitment costs, reducing your budget for other important initiatives. 

• Temp Employee Costs: Hiring temporary employees independently incurs hidden expenses, such as compliance and legal fees. Additional costs arise from implementing timekeeping systems and ensuring adherence to legal standards, particularly when navigating cross-state hiring regulations. 

• Hiring Across State Lines: Recruiting in a state where your business isn’t registered incurs additional costs, such as registration fees and compliance with local labor laws. The process can be complicated and time-consuming, as it involves navigating diverse regulations, managing varied tax obligations, and potentially facing penalties for non-compliance. 

• Time is money: Reviewing numerous job applications can be a daunting task, often revealing many unqualified candidates. This situation places hiring managers in a tough spot, needing to fill roles quickly while team members shoulder the extra workload, leading to burnout and reduced productivity. 

While it may seem that handling staffing internally will save money, the hidden costs—lost time, reduced productivity, and out-of-pocket expenses—often accumulate rapidly. Instead of draining your resources, why not explore a more efficient, cost-effective solution that allows you to focus on what you do best? 

The GloballyHired Advantage 

At GloballyHired, we believe in empowering you to optimize both your hiring budget and time. By utilizing our platform, you can leave inefficient recruitment strategies behind and save money and time. 

Here is how you can benefit from GloballyHired: 

• Zero Membership Fees: Enjoy full access to our platform at no cost. You can create job listings, source talent, conduct interviews, and much more—completely free of charge. You only pay when you successfully make a hire, allowing you to allocate resources where they matter most. 

• Affordable Hiring Fees: With a 7.5% direct-hire placement fee and a 43% temporary hire markup, you can enjoy significant savings compared to traditional staffing methods, ensuring your budget stretches further without sacrificing quality. 

• Legal Compliance Made Easy: Navigate hiring without the headaches of compliance issues. All our workers are W2 employees, guaranteeing that your hiring practices are fully compliant with legal standards, even when hiring across state lines. 

• Time-Efficient Hiring: Our platform streamlines the hiring process, allowing you to focus on what you do best. By reducing the time spent on recruitment tasks, you can redirect your energy toward strategic initiatives that drive business growth. 

By choosing GloballyHired, you’re making a strategic investment in your organization’s future. Enjoy a seamless hiring experience that saves you money while positioning your company for sustained growth and success! 

Ready to Hire Talent Now? 

Don’t let hiring costs hold you back! Experience the GloballyHired advantage—where modern talent acquisition meets cost-effective solutions, making it easier than ever to find the right candidates without breaking the bank! 

Create your free employer profile today and see just how easy it can be to hire talent fast! 

Get started here: https://app.globallyhired.com/create-account?type=client