MYTH #3: It is more expensive to use Thomas in-house than it is to use other traditional recruiting methods.

The cost-comparison chart below outlines the difference in total costs incurred by clients using the four recruiting options available (including using Thomas).  As you can see, there are tremendous cost savings by using Thomas in-house because of the following reasons: 

A) You'll never have to farm a position out to another outside agency - we either fill the positions or we refund money back to you!

B) We pay for all job postings, resume subscriptions services, and any other normal vendor product needed to fill your openings.

C) Low overhead costs - no need to keep us on board once your hiring needs slow down.

All Costs are on a 6 month Basis needed to fill 15 open positions
Hiring your own Permanent Recruiter
Hiring a Contract Recruiter
Using an outside contingency agency for most positions
Bringing Thomas Executive Resources In-House
Average number of Recruiters to hire*
1
1
0.5
1
6-month average compensation per Recruiter
$45,000
$75,000
$60,000
$98,000
Plus: Benefits to pay out for permanent employees
$15,000
$0
$10,000
$0
Severance to pay out to let employees go when hiring slows down
$7,500
$0
$2,500
$0
Number of outside searches to pay for
2
2
8
0
Fee per search
$20,000
$20,000
$20,000
$0
Plus: Job Postings, resume subscription services, etc.
$24,000
$24,000
$15,000
$0
Subtotal Staffing costs
131,500.00
139,000.00
217,500.00
98,000.00
Less: Economies of Scale Savings
0.00
0.00
0.00
-7,000.00
Total Staffing Costs
131,500.00
139,000.00
217,500.00
91,000.00
Dollar savings of using Thomas over other method
40,500.00
48,000.00
126,500.00
Percentage savings of using Thomas over other method
30.8%
36.5%
58.2%

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