Out of curiousity, I did a placement with BJ for a VP position for a tech vendor. I ended up with only $10K(!!) after BJ took their share. What's worse, I had to wait 3 months after the start date to collect the fee as they don't pay until the guarantee period is over. Came away with a bad taste. I would only use this for a very specialized search in slow times. Seems a lot of firms are looking at it as a way to reduce fees paid to recruiters.
Robert - splits are most certainly not a waste of time for many of us. While it might not make sense if you're in an agency and subject to being paid your commission - it's a wonderful way for independent recruiters to serve their clients.
The BJ's topic is a different issue. They aren't necessarily splits. With a true split partner you've got someone on the other side working for you. This is not what I see with Bountyjobs.
Robert Green said:
For any new recruiters reading this, don't waste your time, money, and life chasing splits. There's no free lunch.
I can see your mind is made up. No biggie. All I can say is there are recruiters who have strength in either client development - or candidate development but not quite the expertise on both sides.
Splits have always been a big part of my business.
Robert Green said:
The recruiters scurrying around to find you a candidate for your job is a complete waste of time for that recruiter. They should get their own job orders, which are ridiculously easy to get, and then learn how to do real recruiting. If they did those two things, then they would never waste a second of time screwing around with splits. If I understand BJ, recruiters are either working on other people's jobs that won't produce a full commission and which is probably shared with the house, or a recruiter is putting a job in the system because they don't really know how to recruit.
We have 2 different topics here. I've asked Robert to start a new blog to break this into the appropriate topics. I'll go ahead and steal the idea. Watch for it!
BJ's is not a splits scenario to my knowledge. It's a recruiting management service. They bring the jobs - you bring the candidates but you then work the client directly. (If you can.) Nothing like a true "split" scenario.
Bill Ward said:
If there was ever a business model for turning a value add service into a commodity, it's this company. Desperate recruiters who are thrown into competition with multiple other desperados whose modus operandi is to throw shit at the wall and see what sticks. Splits are one thing. I agree with you Jerry that you can be a terrific recruiter, but not necessarily be good at or enjoy the business development side of the business (I don't care for it myself). At least somebody has solid client control which makes a world of difference. But in the case of this company, it's like throwing a slab of meat to a gang of hungry lions and watching the chaos unfold.