4 ms·
20-25% of salary isn't uncommon, and salaries of 120 K in technology is seniorish developer range where I work (Philly and NYC). My business model is different
by fecak 10y ago
20-25% of salary isn't uncommon, and salaries of 120 K in technology is seniorish developer range where I work (Philly and NYC). My business model is different now, but when I did pure contingency work a 30K fee wasn't uncommon.
- cscurmudgeon 10y agoDo you have to wait a certain period before you get paid? Does this also work for in-house recruiters? Quite fascinating area really.
- fecak 10y agoMost clients require a guarantee, usually around 90 days. Sometimes pay terms are sooner, so theoretically you could have to refund a fee if a candidate leaves quickly and you don't replace them. In-house recruiters are not usually paid fees like agency recruiters - they might get bonuses, but most in-house are paid mostly in salary with smaller performance bonus. Agency recruiters are usually paid little (sometimes nothing) in salary with most comp coming via commission. This explains bad recruiter behavior, or at least much of it. Every deal might be 10-20K in the recruiter's pocket. For that amount of money, some people will do things they wouldn't normally do, and morals go out the window.
- cscurmudgeon 10y agoThanks for the detailed answer! Appreciate it.