Recruiters: My fee for referrals is 5%
t-machine.org
t-machine.org
It would be nice if the world worked the way that this author wishes it would, but a headhunter would rather cruise LinkedIn than negotiate a fee separately with every person who might know somebody who knows somebody. If you don't like the terms of this recruiter's offer, don't forward it.
As far as I can tell, most of those recruiters are just building up a list of resumes. even if you respond with relevant resumes, the hit rate is no better than what you'd get responding to ads on dice or craigslist.
Sure, sometimes recruiters take the time to actually figure out who or what I am and send me appropriate jobs. And in those cases, if I'm busy, sure, I'll pass it on to people I know who are able to do the job. But those are extremely rare.
On second thought, what a brilliant way to reward bad recruiters - by by taxing them for helping you waste your own time and simultaneously testing good will of people in your network. Save yourself the time and use your spam filter on bad recruiters. Not good enough? Change your email address, stop posting your resume on job boards, and stop talking to bad staffing agencies. Better yet, save yourself the time and get to know a handful of good recruiters and then forget about all the bad ones. Only let good ones through.
I used to get spammed to hell by recruiters until I:
1. Requested the removal of my details from their database. 2. Threatened to report them to the REC (UK-based recruitment organisation). 3. Threatened legal action, quoting relevant EU directives. 4. Named and shamed them on a blog post (or two). 5. Requested an apology from their managing director.
Seemed to work a treat.
One 'sorry' recruiter admitted that they generated an 'email blast' based on a keyboard search which was taken from data scraped from JobSite (or other similar job website) 1-2 years ago.
Unfortunately the company I work for dictates how much of the fee goes into my pocket, so heres the deal: I'll give you 5% of my own commission if the candidate you recommend gets the job.
Lets say for arguments sake that the salary is £50k and our fee is 25%.
My company gets £12.5k for placing the candidate.
I get 15% of the fee: £1,875 in my pocket.
You get 5% of my commission: £93.75
Where do I sign up?
Even when you get that, how do you know they didn't completely falsify it or fudge it somewhat?
It seems safer to me to just charge $5K flat fee or something.
Unless you are helping a friend, why do it?
There is a blur line between friends and business partners and things like that make this line crystal clear.