On the same day that ExecuNetâ€™s June survey of 145 executive recruiters revealed a 7% drop in confidence (50% compared to 57% last month) over improvement in the executive employment market, along comes a competitor that might make you shudder.
An executive recruitment company has just announced its plans to undercut competitors by offering a flat fee of 10% per month of what the employee is paid for 24 months.
If the employee does not stay with the company — Schwelling Recruiting Services, which specializes in C-level executives as well as sales executives and new business development executives — the employer is only responsible for the months actually worked.
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What does this say about the company overall? And what does this say about the economy and what it’s doing to our competition?