What most people don’t know is that recruiters get an average of 20% of the first year’s 1 salary for anyone they place in a job, adding up to $150+ billion dollars a year in the USA, and $638 billion globally. That impact comes directly out of companies’ bottom line profits. Instead of potentially re-investing in their business with sales programs, training initiatives or even larger salaries and bonuses, those billions are going into the pockets of recruiters. Recruitment firms ask for a lot of information - personal contact details, work history and skillset. The current industry incentivises gathering and storing of candidate’s private data to be later resold to third parties. But perhaps that’s unfair.
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