Seems there are some people absolutely dead set against splits. Others owe their success to incorporating them as a key part of their business.
I for one am a strong advocate of working with other recruiters. In fact I consider my network of trusted split partners to be quite an advantage over my competitors.
What do you think?
Morgan,
I don't think that has to be the case though. One nice thing about doing splits with local recruiters is meeting up in person and literally working together. That way you can meet each others candidates and it becomes almost like a 'virtual agency'. The key as has been already mentioned is the trust factor. If it's there then there's nothing to be alarmed about. If you don't know the people, then you may need to worry about the things you mentioned. The way I operate is to trust people until I have a reason not to, and so far it's served me well.
Morgan,
You have to do what works for you, and everyone's niche is different. If you are able to completely cover and fill all of your local openings, then I would agree that splitting may not make sense. The way I've always looked at it is that by having my split network aware of my openings, I have better coverage for my client than if it was just me, because the reality is I don't know of every top candidate and I'd rather have someone great coming from my network than a recruiter outside my network, if that makes sense.
GLOBAL SPLITS
Ironically, one of my split trading partners referred me to this discussion.
I think the best way to go is to join a split-fee network. We have been members of NPA, The Worldwide Recruiting Network for 28 years. NPA has stringent requirements for new members mainly to cut down on any trust issues.
Splitting for us adds to the bottom line in good times and has saved our @$$ in bad.
The biggest plus now, IMHO, is our ability to fill global jobs with our US Based clients. We have partners "in-country" around the globe who know salary structures, employment laws and the culture. Our clients love it.
I've been a member of a professional recruiting network since 1996 (NPA, The Worldwide Recruiting Network, same as Manny a couple of comments up). As far has split buddies not screwing me, it's been the contrary, many times my split partners have had my back in more ways than one!! We look out for each other - and the relationships have been beneficial over the years even beyond all of the actual split revenue. Relative to the revenue, when my market takes a dive, it's a lifesaver to have connections globally in other markets. When my market heats up again, I need my partners so I can keep clients happy! We were successful in split placements before joining NPA, but I agree with Manny, that joining a professional recruiting network is the best way to go - especially with the requirements, global affiliates and market diversity that NPA has.
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