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I skimmed their "12 minute read" about how it works, and didn't see this information: * How does Fractional Jobs (the company) get paid? (For example, do they

by neilv 2y ago

I skimmed their "12 minute read" about how it works, and didn't see this information: * How does Fractional Jobs (the company) get paid? (For example, do they only get paid to list an ad?) * Is Fractional Jobs involved at all, after initial contact between contractor and client is made? (For example, do FJ charge either parties a finder's fee or contract fee, or take an ongoing cut, or place restrictions on the relationship?)

hipadev23 2y ago
Like any job site, it costs to list postings. And once they amass a newsletter audience that’s something they can sell ads into.
- tbird24 2y ago
  You are correct, though we actually don't charge for a job posting. Companies pay us a referral fee if they hire a candidate we send to them.
  - neilv 2y ago
    A search turned up this: https://docs.google.com/document/d/1qmx3RKPfDgqF9ivBJF6C3vwXfB7HY2kjjPnWksCjQ_Q/edit?tab=t.0 https://docs.google.com/document/d/1qmx3RKPfDgqF9ivBJF6C3vwX... > The Referral Fee Experiment > For this job, we charge a 10% referral fee if you are hired by the company. > * 10% of revenue earned per month > * Paid every month, capped at 6 months > ** Note: this referral fee only applies to jobs where the referral fee is mentioned at the top of the job description. If the referral fee is not mentioned, it means there is no referral fee for that job. > How It Works > * We’ll calculate the expected monthly revenue from your contract > * 10% of that revenue is the referral fee > * We’ll charge you that referral fee for the first 6 months of the contract > * You’ll pay the referral fee AFTER you’re paid by the client Is this typical, or a direction you want to go? My concerns: 1. The means of enforcing that could get messy. (What do people have to sign? What if the company decides to outright hire the person? What are the reporting requirements? What's the headache if breaking off the engagement?) 2. As a consultant, I'd not be thrilled to pay anyone 10% off the top of gross revenue. Unless it's a matchmaker that really added value that made all the difference. (Not just happened to be a middleperson in making the connection through their site, rather than any number of other places it could've happened. Traditionally, a deep-pocketed employer who can't be bothered to find people itself would pay the random sourcers/recruiters.)
    - tbird24 2y ago
      It's exactly what it was labeled, an experiment. We tried it once months ago, and I didn't like it. So we killed it.
tbird24 2y ago
[I'm the founder of https://fractionaljobs.io https://fractionaljobs.io] We get paid in two ways, 1) companies pay us a flat "referral fee" if they hire a candidate we send them, 2) through sponsorships of our newsletter. We are not involved at all after the contract is signed. We believe in independent fractional hiring vs. a middleman. Therefore, we don't take any % from the fractional or the company, aside from the referral fee mentioned above. No restrictions on relationship, do as y'all please. I used to do fractional work myself, and I designed this structure with myself in mind, if that makes sense.

by neilv 2y ago

hipadev23 2y ago

Like any job site, it costs to list postings. And once they amass a newsletter audience that’s something they can sell ads into.

tbird24 2y ago
You are correct, though we actually don't charge for a job posting. Companies pay us a referral fee if they hire a candidate we send to them.
- neilv 2y ago
  A search turned up this: https://docs.google.com/document/d/1qmx3RKPfDgqF9ivBJF6C3vwXfB7HY2kjjPnWksCjQ_Q/edit?tab=t.0 https://docs.google.com/document/d/1qmx3RKPfDgqF9ivBJF6C3vwX... > The Referral Fee Experiment > For this job, we charge a 10% referral fee if you are hired by the company. > * 10% of revenue earned per month > * Paid every month, capped at 6 months > ** Note: this referral fee only applies to jobs where the referral fee is mentioned at the top of the job description. If the referral fee is not mentioned, it means there is no referral fee for that job. > How It Works > * We’ll calculate the expected monthly revenue from your contract > * 10% of that revenue is the referral fee > * We’ll charge you that referral fee for the first 6 months of the contract > * You’ll pay the referral fee AFTER you’re paid by the client Is this typical, or a direction you want to go? My concerns: 1. The means of enforcing that could get messy. (What do people have to sign? What if the company decides to outright hire the person? What are the reporting requirements? What's the headache if breaking off the engagement?) 2. As a consultant, I'd not be thrilled to pay anyone 10% off the top of gross revenue. Unless it's a matchmaker that really added value that made all the difference. (Not just happened to be a middleperson in making the connection through their site, rather than any number of other places it could've happened. Traditionally, a deep-pocketed employer who can't be bothered to find people itself would pay the random sourcers/recruiters.)
  - tbird24 2y ago
    It's exactly what it was labeled, an experiment. We tried it once months ago, and I didn't like it. So we killed it.

tbird24 2y ago

[I'm the founder of https://fractionaljobs.io https://fractionaljobs.io] We get paid in two ways, 1) companies pay us a flat "referral fee" if they hire a candidate we send them, 2) through sponsorships of our newsletter. We are not involved at all after the contract is signed. We believe in independent fractional hiring vs. a middleman. Therefore, we don't take any % from the fractional or the company, aside from the referral fee mentioned above. No restrictions on relationship, do as y'all please. I used to do fractional work myself, and I designed this structure with myself in mind, if that makes sense.