Toptal fees to hire Developers

Published on
Jun 13, 2024
Written by
Lisa Dahlgren
EDITED by
Maria del Mar Agudelo
Read time
5 Minutes
Category
Transparency Research

Hiring top-notch developers is crucial for any tech-driven business. Toptal is one of the leading platforms offering access to freelance software engineers. In a competitive market, finding the right talent can make a significant difference in project success and company growth. This blog will delve into the Toptal fees to hire developers, providing a detailed overview for businesses considering this service. Understanding these costs is essential for making informed decisions about which platform to use when hiring skilled developers.

Toptal fees: Understanding the pricing model to hire Developers

Toptal hourly rates and billing cycle for Developers

Toptal's pricing model is designed to connect clients with highly skilled freelancers, primarily in the tech sector. The hourly rates for developers are approximately $110. This translates to about $17,600 per month, assuming a full-time engagement, which would result in an annual cost of $211,200. Clients are generally invoiced twice a month, with invoices issued on Net 10 terms. However, it is important to note that these prices are not available on Toptal's website; they are derived from client reviews and feedback. Hiring a web developer through Teilur Talent would cost around $4,375 per month, or $56,820 annually, for a full-time professional.

Toptal fees to hire developers

For a front-end developer, Toptal charges around $500 per day, which translates to $15,000 per month or $180,000 annually. In comparison, hiring a frontend developer through Teilur Talent would cost around $4,375 per month, or $56,820 annually, for a full-time professional.

Toptal fees review

Hidden costs and transparency when you hire Developers with Toptal

Toptal's inclusive rates explained

The rates disclosed by Toptal include their fee, which means the talent sets their own rates, and these are then incorporated into the hourly rates charged to clients. At Toptal, the process begins with a $500 down payment, initiating the search for top-tier development talent. This deposit, reassuringly, is refundable, offering clients peace of mind with a two-week trial to ensure satisfaction with the provided services. However, Toptal does not publicly disclose these prices on their website, leading to a lack of transparency for potential clients. This absence of clear pricing information can make it challenging for businesses to budget accurately and compare costs with other recruitment services.

Toptal fees review

Teilur Talent: A transparent substitute for Toptal fees to hire Developers

Teilur Talent's transparent fees and fair compensation for Developers

Teilur Talent operates with a different pricing model, charging a flat $4,735 fee per month for developers, which includes all fees. This fee structure is fully transparent, allowing clients to understand exactly how much they are paying. Developers receive fair compensation for their work, which is aimed at fostering better working relationships between clients and developers. Transparency in pricing helps build trust between clients and the recruitment service, ensuring that both parties have a clear understanding of costs and compensation.

hire developers with teilur talent

Cost efficiency and Developer satisfaction with Teilur Talent compared to Toptal

Teilur Talent's model is designed to reduce costs for clients while increasing pay for developers. This approach seeks to create a more equitable relationship, potentially leading to higher job satisfaction and lower turnover rates among developers. Fair compensation ensures that developers feel valued and motivated, which can lead to better performance and longer-term engagements. Lower turnover rates benefit clients by reducing the costs and disruptions associated with hiring and training new talent.

Teilur Talent review
Teilur Talent reviews

Comparing Toptal fees and Teilur Talent to hire Developers

Cost transparency: Toptal fees vs. Teilur Talent for hiring Developers

When comparing cost transparency, Teilur Talent offers a more straightforward model with its $4,735 flat fee per month, whereas Toptal's rates include their fees within the hourly rate set by the developers. Toptal does not publicly disclose their pricing, which can impact a client's understanding of where their money is going. For example, a client hiring a developer through Toptal can expect to pay approximately $17,600 per month, translating to around $211,200 annually. In contrast, Teilur Talent's transparent fee structure would result in an annual cost of $56,820 for the same developer. Clear and upfront pricing models help clients make informed decisions and avoid unexpected costs. Teilur Talent's transparent fee structure provides a clear advantage for businesses looking for predictable and understandable pricing.

Developer compensation and turnover rates: Toptal fees vs. Teilur Talent for hiring Developers

Teilur Talent focuses on fair compensation for developers, which can influence turnover rates. Lower turnover rates can benefit clients by reducing the costs associated with retraining new talent and ensuring project continuity. High turnover rates can disrupt project timelines and increase overall costs, making it essential to choose a recruitment service that values and fairly compensates its developers. Toptal's compensation model is integrated into the hourly rates, with flexibility in engagements, but the lack of transparent pricing can make it harder to assess the true value.

Client flexibility and engagement terms: Toptal fees vs. Teilur Talent for hiring Developers

Toptal offers flexible engagement terms without long-term commitments, which can be advantageous for clients with fluctuating project needs. This flexibility allows businesses to scale their workforce up or down based on current demands. Teilur Talent also provides flexible terms but emphasizes transparency and fair compensation in its engagements. Understanding the engagement terms and flexibility offered by each platform is crucial for businesses to manage their projects effectively and ensure they have the right talent available when needed.

Conclusion

When considering Toptal fees to hire developers, it's essential to take into account the lack of transparency in their pricing model. Toptal offers flexibility and access to a broad range of skilled professionals, but potential clients may find it challenging to understand the full cost upfront due to the absence of publicly disclosed prices. Teilur Talent presents a solution to this issue with its transparent pricing model. By charging a flat fee of $4,735 per developer per month, which includes all fees, Teilur Talent ensures that clients know exactly what they are paying for and that developers receive fair compensation. 

To explore the detailed recruitment costs and fees for hiring developers, we invite you to use the calculator below. This tool will help you make an informed decision that aligns with your budget and hiring needs.

Need help with cost expectations? 

Costs vary depending on the final offer our candidate accepts. 80% of what you pay goes to the candidate, and the remaining 20% is our fee. We’ve put together some examples of price ranges with all fees included, to help you establish clear pricing expectations for the services we offer.

Pillars
Colombia
Argentina
Mexico
Brazil
Group 1. Coordinators, data analysts, tech sales

$1,500 - $2,000

$1,500 - $2,000

Group 2. Product, designers, growth marketers

$2,000 - $3,500

$2,000 - $3,500

Group 3. Developers and Sr. tech talent (4+ years)

$3,500- $5,000

$3,500- $5,000

Group 4. Sr. software & data engineering (7+ years)

$5,500- $8,500

$5,500- $8,500

1:1 recruiting support

via integration

Talent focus
Pillars
Colombia
Argentina
Mexico
Brazil
Group 1. Coordinators, data analysts, tech sales

$18,000 -$24,000

$18,000 -$24,000

Group 2. Product, designers, growth marketers

$24,000 -$42,000

$24,000 -$42,000

Group 3. Developers and Sr. tech talent (4+ years)

$42,000-$66,000

$42,000-$66,000

Group 4. Sr. software & data engineering (7+ years)

$66,000-$102,000

$66,000-$102,000

1:1 recruiting support

via integration

Talent focus

*Transparent pricing refers to understanding how much a company takes as a percentage of how much a client pays for hired talent. These prices are estimates and always depend on the final offer the candidate takes.

Need help with cost expectations?

Our hiring costs vary depending on the candidate's accepted offer. Use our calculator to estimate costs for different roles.

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At Teilur, Inc, we are committed to accuracy and fairness in all our content. Our discussions and comparisons, particularly those concerning other businesses in the recruitment industry, are grounded in the best interpretations made by our dedicated staff, based on publicly available information. We hold a deep respect for the unique qualities of each organization within our field and strive to offer valuable insights rooted in our core beliefs about the recruitment industry's workings. If you encounter any factual inaccuracies in our content, we encourage you to reach out to us at content-research@teilurtalent.com with the specific URL in question. Your feedback is invaluable, and we are committed to reviewing and addressing your concerns.

Got questions? We've got answers.

1

How is Teilur Talent different from other tech recruiting companies in LATAM?

At Teilur Talent, we take a mission-focused approach to recruiting, ensuring that our candidates are aligned with your company's vision and goals. Unlike other tech recruiting companies in LATAM, who may focus solely on technical skills, we prioritize the cultural fit and dedication of our team members to your company. For this reason, we do not support project contractor or freelancer roles. Instead, we focus on fully devoted team members who will help you achieve long-term success. If you are looking for freelancers to complete one-off projects, you probably are better off going to companies like fiver.com, toptal.com or upwork.com.

2

How does Teilur Talent attract and retain the best talent compared to other companies?

At Teilur Talent, we offer our candidates competitive salaries that are 2x to 3x higher than what tech companies would pay locally. This allows us to attract top talent and retain highly motivated and loyal team members. Additionally, we focus on finding candidates whose values align with the purpose, visoin, and mission of our clients. This approach ensures that our engineers and tech talent are not just coding and completing task—rather, they become part of a greater purpose, which gives them meaning and helps us attract and retain the best talent.

3

What are the typical tech roles that Teilur Talent recruits for?

At Teilur Talent, we specialize in recruiting for a wide range of tech roles that are typically in high demand. These include positions such as DevOps engineers, QA analysts and engineers, back-end and front-end developers, data scientists, product managers, business developers, and technical sales positions. Essentially, we recruit for most roles that are needed in B2B and B2C tech-focused businesses.

4

What are Teilur Talent's fees and pricing structure?

At Teilur Talent, we believe in transparency. We charge a flat rate fee of 20% of what the client pays. This way, our clients know exactly what they are paying for and how much the candidate gets. As an example: If a client hires a software engineer for $60,000 per year ($5,000 per month), Teilur's monthly fee would be $1,000 (20% of $5,000). We don't believe in hidden fees or unwanted surprises, so we disclose all costs upfront to both candidates hired and companies. When exploring other alternatives, make sure they are transparent about their pricing. We believe this is paramount for the benefit of all parties involved in this new era of remote work.

5

What is the candidate screening process at Teilur Talent, and how do you ensure a good fit for my company?

At Teilur Talent, we take candidate screening very seriously. We use a multi-layered approach to find the best candidates for our clients, starting with screening thousands of candidates from our internal and proprietary networks. We leverage AI technology to assess whether a candidate matches the technical skills required for a given job opening. We also perform additional personal evaluations to ensure that the candidate has the soft skills, culture fit, and English language skills required to excel in their new role. Our rigorous screening process ensures that only the best candidates make it through to our clients, saving them time and helping them find the best talent for their teams.