Canton, Ohio (PRWEB) November 02, 2012
How quickly a recruiter is paid for a placement is often just as much an indication of the state of the economy as how many job orders a company gives a recruiter or how willing a company is to hire new employees.
The longer a company waits to pay a recruiter’s invoice for a placement (and makes the recruiter wait), the greater the possibility that the company is operating under revenue constraints. The standard for the recruiting industry is typically 30 days. In other words, the company is expected to pay a recruiter’s invoice within 30 days of receiving it.
According to a recent poll conducted by Top Echelon Network, an elite network of highly specialized search firms, approximately three-fourths of the Network’s Preferred Member recruiters are paid by their clients within 30 days.
As part of that poll, Top Echelon Network asked the following question: “What are your firm’s terms for getting paid?”
Nearly half of the recruiters who participated in the poll (49%) chose the answer “30 days,” while 23% selected “15 days” as their answer. Consequently, 72%—or nearly three-fourths—of poll participants are usually paid by their clients within 30 days of submitting their invoice.
The other choices given in the poll were “60 days,” “90 days,” “longer than 90 days,” and “something different.
Exactly 22% of recruiters selected “something different,” making it the third-most popular choice in the poll. Only 2% of respondents chose “90 days,” and “60 days” and “longer than 90 days” each garnered 1% of the vote.
“The results of this poll illustrate the type of relationship that Top Echelon Network recruiters have with their clients,” said Membership Development Coordinator Drea Codispoti, CPC/CERS. “They obviously have few problems setting reasonable terms for payment and then for receiving that payment on a timely and consistent basis. Once again, this is evidence that companies recognize the value that Top Echelon Network recruiters provide and that they’re willing to pay for that value.”
Top Echelon Network was founded in 1988 in Canton, Ohio.