How much money does a temp agency make?
Also, how much does a temp agency make off an employee?
Generally speaking, the owners of staffing agenciesmake about $103,000 a year. The exact value varies byindividual because of a few different factors. First of all,temporary staffing agencies make their money indifferent ways.
Secondly, how does a temp agency make money? Many staffing agencies make their money bytaking a percentage based on the employee's salary.Temporary employees, for example, work directly for thestaffing agency. The agency charges your business anhourly rate for the employee's work, then pays the employee aconsiderably lower amount.
Furthermore, how much does a temp agency cost?
Typical costs: The typical fee for employersusing a temp agency is 12-50% of the employee's hourly rate.For example, if an employee earns $10 per hour from the tempagency, and the agency's markup is 50%, the employerwill pay an extra $5 per hour to the temp agency for a totalof $15 per hour.
How much percentage do staffing agencies take?
Markups usually range anywhere from 25 to 100percent of the employee's salary. In some cases, theemployer will also pay a fee to the staffing agency forfilling the position in addition to a regularpercentage.