Bountyjobs

I found this site as I was searching the internet for additional information on BOUNTYJOBS. I thought I would add my info to see if it helps anyone. I have found that if the company will communicate with you and take your calls giving you the opportuntiy to create a relationship, they are worth working with. The companies that do not do this I feel are just building their recruiting databases for free. I have even been told by 4 VP of HR's that this is the only reason they use BOUNTY.
On another note...we have filled 3 positions with BOUNTYJOBS totaling $68,000.00. They were all filled in October with November 1st being the start dates. To "withdrawl" your money from BOUNTYJOBS you must wait 61 days. On the 61st date I tried to withdrawl the money but the system would not let me. After contacting BOUNTYJOBS, Diane (Office Manager) told me that "none of the companies had paid but she had recieved voicemails from all 3 that morning and maybe the check would be there by Monday." She must of thought I was an idiot. I called the companies who actually paid within the 30 days as agreed to per their agreement with BOUNTYJOBS. They emailed me PDF's of the cashed checks. When I contacted BOUNTY with this information they denied the checks were cashed and told me they have not been able to contact AP in those compaies for the last 30+days. I called and spoke with the AP people on the first try.
Has anyone else experienced this? As of this date I am being told by BOUNTY they are not able to communicate with the companies and they have not recieved payment. They will not return calls or emails any longer and 2 of the phone #'s I had just ring and ring with no answer. I would say to EMPLOYERS and RECRUITERS..BEWARE!!! In this market it is difficult enough to solidify the order, find the candidate, get the canddate to accept and start, all to not be paid for your services. My fault for allowing Bounty to be used in my firm!

Comment by Alex Greene on January 5, 2009 at 6:44pm: Wish I had some helpful advice... but all I can offer is a BIG thanks for sharing this. Stuff we all need to be aware of.

Comment by Jeremy Lappin on January 6, 2009 at 9:33am: Jeremy,

I am the CEO of BountyJobs (my name is also Jeremy) and I looked into your issue. First, I am sorry that you are having a problem and we take this sort of thing very seriously. So here is our policy: If a company has not paid us, then we have a procedure that we follow to dispurse funds. First, we reach out to the company to verify that the candidate is still employed and that they intend to pay. Assuming that they say yes, we pay the funds on day 61 even if we have not collected the money. This is a service that we provide.

In your case, you filled a job at a division of the company and there was some confusion as to how to process the payment correctly. Because the timing of when we make verifications occurred during the holidays, the company didn't respond to our normal inquiries.

In addition, not sure what you have that shows a check was cleared, because it was not and we could only find records for one placement from you (please let us know if this is an error as we have no record of any others). Rest assured, as soon as verification is complete, the funds will be dispersed. We process thousands of transactions, and I think this one was slightly delayed due to the holidays. We have a rigorous collection process and we are proud that our users experience delayed payment in less than 2% of transactions which I am guessing is far lower than what anyone in this business generally experiences when working on their own.

Thanks for bringing this to my attention.

Comment by Jeremy on January 6, 2009 at 10:24am: Jeremy, nice to hear from someone @ BOUNTY. I think we can all understand "The Holidays" but due dilliegence should have been done 35+days ago. I am happy to post the email thread between your accounting office (Diane) and our offices. The fact remains Gary nor Diane have returned calls or would talk to the company. I am happy to post when the funds have been placed in our account and are available to withdrawl. In your email above you state "First, we reach out to the company to verify that the candidate is still employed and that they intend to pay. Assuming that they say yes, we pay the funds on day 61 even if we have not collected the money. This is a service that we provide."
The candidate is still there, they company has verified payment but Diane in your accounting department will not talk to her. I will be happy to re-post when the money we are owed is available for withdrawl.
Jeremy Johnston
Managing Partner
Integrity PLUS

Comment by Marina Hartung on January 6, 2009 at 4:45pm: I have made two placements at Bountyjobs through my company, and while I did not experience quite the delay that you did, I did have a little bit of trouble withdrawing the money. They say the 61st day, but it's after the funds are cleared on that day, so I was unable to withdraw until late on the 61st day or early the 62nd (or later in the case of one). It was also very frustrating to get through to the billing department, although Joanna has always been more than helpful to me when I have called in.

My clients (along with some others that we are working with but haven't made a placement with yet) paid immediately, and were not very happy to find out that I didn't get paid until 60 days later...with quite a large cut (one of the placements was a $25,000 fee and my firm recieved $18,750 - that's a significant cut for running a website). I agree that Bounty should be paid something, but 25% of a fee is a rather large split, especially for recruiter who work for agencies who generally take most of the fee anyway.

Bounty seems to be a useful tool for working with those companies who it's difficult to get on the vendor list, but I would NEVER tell my clients to join for a measly $200 cash "award" - what self-respeciting recruiter would? I'll continue to work with it, but it won't be my only source of clients and positions.

Comment by Jerry Albright on January 8, 2009 at 2:04pm: Can we get an update on this Jeremy? Thanks!

Comment by Jeremy on January 8, 2009 at 5:01pm: Exactly, I agree with you. I am still waiting for payment but have recieved professional communication via email from BOUNTY. I will post when the check arrives to let everyone know how things transpired!

Comment by Jerry Albright on January 8, 2009 at 5:28pm: One quick clarification - the initial post conveys that there were 3 placements. The Bounty guy says his records show only one. Your post references "checks" so I'm wondering if this is one placement they are withholding your payment on - or all of them.

Do you mind shedding a bit more light on this? Thanks.

Comment by James Zinman on March 20, 2011 at 10:07am: For the record I recently called BJ with regards to some concerns I have had with posts like these. Within 2 hours of speaking to customer service I rec'd a call from BJ's CEO Mike Hard. I found Mike to be very forthcoming and honest and if anything was more impressed with their recent growth than concerned about their viability. I did suggest to Mike however that they may want to consider putting any collected fees owing to recruiters "in trust" in order to eliminate any potential concern of this private company going under and leaving the recruiter holding the bag. I have only done private preferred engagements on BJ and would expect there would be additional challenges of client/recruiter urgency and commitment otherwise. I have never had an issue getting paid and have found the service of BJ to be efficient and fair. I think a marketplace like this is essential in doing the best by your top candidates that you do not have suitable opportunities for. I would happily give 25% of a fee to BJ in order to monetize work that my team has already done. Could be great opportunity for our applicant and an extra revenue source for my employees. I expect that this one-off flyer type approach is the only way most seasoned recruiters with a long-stranding existing client base might use an online marketplace like this. I suspect most BJ company clients expect this as well and do not trust that good recruiters are going to really focus true headhunting on searches where they are competing with multiple agencies with limited client engagement.

Bottom line: I strongly believe there is a strategic place for both hiring companies and recruiting firms for tools like BJ. In my limited experience, it looks like BJ is trying to do right by all its stakeholders and I bet has loads of recruiters getting more out when they are putting more in.

Comment by James Zinman on March 20, 2011 at 10:08am: My experience with Bountyjobs. Never had an issue getting paid

For the record I recently called BJ with regards to some concerns I have had with posts like these. Within 2 hours of speaking to customer service I rec'd a call from BJ's CEO Mike Hard. I found Mike to be very forthcoming and honest and if anything was more impressed with their recent growth than concerned about their viability. I did suggest to Mike however that they may want to consider putting any collected fees owing to recruiters "in trust" in order to eliminate any potential concern of this private company going under and leaving the recruiter holding the bag. I have only done private preferred engagements on BJ and would expect there would be additional challenges of client/recruiter urgency and commitment otherwise. I have never had an issue getting paid and have found the service of BJ to be efficient and fair. I think a marketplace like this is essential in doing the best by your top candidates that you do not have suitable opportunities for. I would happily give 25% of a fee to BJ in order to monetize work that my team has already done. Could be great opportunity for our applicant and an extra revenue source for my employees. I expect that this one-off flyer type approach is the only way most seasoned recruiters with a long-stranding existing client base might use an online marketplace like this. I suspect most BJ company clients expect this as well and do not trust that good recruiters are going to really focus true headhunting on searches where they are competing with multiple agencies with limited client engagement.

Bottom line: I strongly believe there is a strategic place for both hiring companies and recruiting firms for tools like BJ. In my limited experience, it looks like BJ is trying to do right by all its stakeholders and I bet has loads of recruiters getting more out when they are putting more in.

Comment by Recruiting Animal on April 13, 2011 at 8:43am: Slouch has booked Mike Hard (real name), the CEO of BountyJobs as the guest on the Recruiting Animal Show today at noon Eastern Time - Anyone who has used it please call in -- http://bit.ly/eQsk8x