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> As for their revenue model, TripleByte takes a 25 percent cut of an engineer’s first-year salary, which is a fairly typical model for recruiting agencies. He
by wasd 11y ago
> As for their revenue model, TripleByte takes a 25 percent cut of an engineer’s first-year salary, which is a fairly typical model for recruiting agencies.
Hey Harj,
Do you think that by charging a flat % of the first year salary that TripleByte might be adding downward pressure on the potential salary for an engineer?
- Harj 11y agoI think the upwards pressure from companies not being able to hire enough good engineers is likely a much stronger force. That being said, we're not tied to the % model. We plan to experiment with both our selection process and pricing to figure out what works best.
- cehrnrooth 11y agoOne cool innovation I've seen is converting from a % upfront model to a % recurring model (Ex. instead of 25% upfront convert to 2% over 12 months). It benefits start-ups because they don't have a large cash outlay at once and aligns the incentives of the firm to find great candidates that will stick. It also creates a more predictable revenue stream in the form of monthly recurring revenue.
- Harj 11y agoWe think that's a great idea and something we're looking at too, especially for startups with less funding.
- bgilroy26 11y agoIf you don't have the network and you need a recruiter (as I have in the past and will again), the 25% is how much you give up for the help getting a job. If a jobseeker won't see that kind of value from a recruiter, they can always take it on themselves.
- deleted 11y ago[deleted]
- walshemj 11y agofrom the employee or employer?
- nuggien 11y agoemployer