Agencies charge a commission on the hire. Standard terms are 15 to 25 percent of base salary in the UK and EU, 20 to 30 percent in the US for permanent roles. For a £60,000 hire, that is £9,000 to £15,000 on signing. The agency runs an outbound search, screens candidates by phone, sends a curated shortlist, and takes the fee on offer acceptance. If the hire leaves within 3 months, most agencies offer a partial refund or replacement search.
Picked has no per-hire fee. You pay 99 cents per AI-vetted candidate, capped at whatever you set. The shortlist for a typical role costs $50 to $200 in total. The agency commission for the same hire is two to three orders of magnitude higher. Agencies still have a role for senior, hard-to-reach, or specialised hires where inbound is not the channel. For most roles, the math has shifted.