EDIT: I should point out that that's what they do in regards to full-time W2 work, not contract.
EDIT: I should point out that that's what they do in regards to full-time W2 work, not contract.
There are plenty of awful recruiters who will undervalue you, send you to gigs that don't fit you and such. But it's precisely how bad the field is that makes being a good recruiter such a strategically smart play. Being the rare recruiter that does their job well lands you top talent, that top talent means you can start asking for higher wages for people than the salary bands posted, which leads to more people coming to see you, because you can actually get higher rates than what someone could if they asked up front.
I often ask recruiters what the salary is for the positions they offer. The right recruiter in my town, who I have a work relationship with, will often talk about a 20/hr premium. When compared to the worst (consulting firms that tell you a rate that has nothing to do with what they'll ask the employer, and will hide this) the difference can be huge. I have worked on the same team with another very comparable coworker, and I was getting paid almost triple! and he is an American, not an H1-B.
Recruiters are much more likely to cut bait and leave an extra 5% on the table to:
1. Keep a good relationship with the employer
2. Keep their turnover high, making money on negotiating many "OK" salaries instead of maximizing each individual salary (including yours).
They get paid by the company though. So if I had to pick between the company and the candidate I'd say they're more aligned with the company.
You're definitely right though that they aren't really aligned with the company either.
This is because of how their compensation is structured. The contract guy is going to start getting paid immediately. The employer guy is going to get paid when the employee has vested a certain amount of time with the company.
> fiduciary duty
I think you are misusing that word. A third-party recruiter does not have a fiduciary duty to the company with the role unless they have been empowered to make the hiring decision themselves. I don't know of any agencies with such power.