The proposition below in italics has apparently been sent to many people.
I guess in some sense, I might perpetuate the potential problem I am going to point out but I think a posting on this board will not be as damaging as sending this to totally random people on LinkedIn. I don’t even have a problem with the concept as long as it is discussed privately among people who might do it after some qualification is done. But to send this to random people one does not know does something much worse than the fairly inconsequential “cry of desperation” it sends about our industry.
What this does is invite every single person who ends up discussing a fee agreement with a recruiter to tell the recruiter he knows how much “fluff” is built into our fee structure if we can afford to give away 25% for not very much value.
I already take crap from about half the recruiting world for offering a 1k finder’s fee to people who originate a candidate I eventually place.
This guy (I do know it is a guy) is probably some franchise owner who can’t get his people to call or to get placements out of their calls and probably does not appreciate the value of a placement.Â I guess I can stop now…this was a week ago. He is probably gone now anyway…
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How mature is your hiring process? Answer these 5 questions and find out.
I’d like to invite you to partner with my company. If you are able to direct new business to my staffing company, I will pay you 25% of the total business generated for one year. Our average fees per hire are about $20,000.
The referral can involve you personally making an introduction to the client or you could simply let us know that a company is working with outside recruiters to fulfill their hiring needs. In any case, we would pay you a consulting fee of 25% of all the revenue generated from that account for one year. In ’07, we generated $460,000 from our biggest client, your take for simply pointing us in the right direction would have been $115,000.
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