You might want to do a track through the other discussions as well. There are a few other discussions going on regarding BountyJobs good/bad and questions.
I am a certified personnel consultant (CPC) (headhunter) with over 15 years recruiting experience.
I first heard about BountyJobs in October of 2007 while I was in Baghdad, Iraq serving as a mobilized US Army Reserve officer assigned to Multi National Corps - Iraq (Task Force Troy) Camp Victory.
I placed a telephone call from my work station at the Al Faw Palace to learn more about BountyJobs and what I needed to do to become a registered recruiter.
From that first call to this day I have found everyone at BountyJobs to be an absolute delight to work with.
I've made a couple of placements and had a candidate turn down an offer. My placements and turn down are not important. What is important is the level of respect, dignity and professional I receive from everyone I encounter at BountyJobs.
It is my humble assessment BountyJobs in their own unique way, aspires to greatness. I am confident everyone at BountyJobs really wants everyone associated with the organization to succeed. For both Employer and Headhunter it is truly a win-win situation.
In closing, the leadership of the company is extremely competent. They combine education, experience and skills that send a message to the recruiting industry that they really know what they are doing.
BountyJobs is doing it very well. I salute them. I only wish I would have thought of it.
My experience with the folks at Bountyjobs has been nothing short of remarkable. Despite being a bit short staffed especially with the uptick in biz they have been super response to any of our questions/concerns from the CEO on down. I only have used BountyJobs with one my clients where I work exclusively on the jobs "private bounty". As such, I already have direct access to the hiring managers etc. I still would not hesitate to keep my eyes open on BJ for any Canadian bounties even if it means giving up 25% of the fee. Not sure I would work a search nearly as hard and nor are the companies likely expecting that. But as a place to run a solid applicant you do not have a role for, no problem. I have also been consistently payed on time. I wish my other suppliers were as open to listening to and responding to constructive feedback.
The barriers to developing relationships in Bountyjobs are no different that any other real world attempt to push into a large new client. You will get out of BJ what you put into it. I agree it's a smart avenue for both client and recruiters to better monitize strong people that one has but no existing marketplace for. I also suspect that those that are simply trying to do quick hits without paying real attention to quality etc are going to be treated with the same level of professionalism they demonstrate. Again, no different that the real world.
Hi Thomas, but 3 quick responses to your Q's:
1. The major value to an agency is bizdev. In short, if you have a good niche and a target list of companies in that niche you'd like to market your candidates to but can't penetrate due to closed vendor lists, Bounty is a good way for both sides to make that happen. In return, yes, we take a biz dev fee of 25%. The employers like it because it's an effective way to evaluate agencies and engage with them w/o the cold calls. Some agencies like it because it typically adds about 30% revenue to thier business thru employers they had never met.
2. We don't source candidates directly for Bounty, even in a "round about way", and we don't let employers do it either. It is a way for employers to find, engage and work with agencies. From time to time, people insist it's a shady way for someone (me, employers, the unilateral commission...) to gather resumes. Just not true. We have several safeguards to ensure the agency "gets credit" and I'm happy to have someone describe them.
3. Many companies (espcially larger ones that send many roles to search) will turn to us as a way to manage jobs sent to headhunters. It makes it simpler, we handle all payment, it does away with contracts, and it gets them great agencies and candidates to boot.
If you'd like more info, just send me a message. If you'd like to debate some of what I said, happy to do that as well. I'm not trying to convince people in these forums that Bounty is the end all, but some of the info that had been passed around about Bounty 18 months ago (the source for alot of these rumors) is just not correct and I got feedback from last week's Animal show that we should take a more active role in responding.