Comments on: BountyJobs.com’s Prospector Program Cashes In

By: Mark lally

Mark lally — Wed, 19 Nov 2008 22:24:22 +0000

what a cheezy website and idea, this one of those companies that gives our profession a bad name

By: Old Soldier

Old Soldier — Tue, 18 Nov 2008 06:27:15 +0000

I am a staffing specialist at a Fortune 500 and I have successfully closed one deal with Bounty Jobs, the fee was approximately 32k. The headhunter that placed the candidate had no prior relationship with my company and, but for his interest in Bounty Jobs, his candidate likely would not have been seen.
The way it works is simple; you post a job, tell people what you are willing to pay, and see what happens. As a “retired” headhunter(~10 years in the game) I have always started, and ended, my negotiations at 25%. The good part for employers here is that you have to ACCEPT the engagement in the first place. If the recruiter approaches you, and it is obvious to you that the recruiter doesn’t know your industry, you can simply declined, just like an unknown request on LinkedIn. As constructed, I don’t believe I have ever seen a better attempt at employer/search firm synergy.
My issue, as referenced by Tiffany, is that the guys at Bounty Jobs occasionally seem confused by the idea that there is any reason a company would want to limit it’s external search “help”. It almost seems like they would prefer most companies to ditch their staffing/sourcing organizations in favor of going exclusively with Bounty Jobs.
I did have the one successful placement, but I also think I invested a considerable amount of time explaining to clueless headhunters why they simply weren’t going to get engaged on a search. To Bounty Job’s credit, on the occasions that one of these guys got overly excited, Jeremy and the boys made sure the guy got the message. While the guys at BountyJ may be sales guys, from a positive standpoint they are image conscious and understand that guys like me don’t need some a-hole telling me I don’t know what I am looking for.
So, were the economy better I suspect I would still be trying to make deals work with them, but as it is there simply isn’t any incentive. However, if I were a startup company with limited resources and a bona fide need to hire, then I would highly recommend taking a look at Bounty Jobs.

- – OS

By: Tiffany

Tiffany — Thu, 13 Nov 2008 16:14:51 +0000

Yes, it is a good idea, however the employee’s at Bounty are sales people. They do not understand our industry. They go out and learn, I do give them credit, however they are missing so many details! The instense training for the prospector program is so sales, and not what all of us really do. I know many Recuiters that tried Bounty and when the Employer did say yes, they then closed out the job…Hmmmmm
Again, this is because they do not get what “we” do. I have been on the site, and bever plan to either!!
Tiffany Lutz
Sr Recruting/Soucing Specialist

By: Bill Konrad

Bill Konrad — Mon, 10 Nov 2008 16:39:22 +0000

I personally think it is a bad idea, it it a lazy recruiters way of marketing for clients….it cuts into our fees, the “bountys” are low. We all need to stick to our guns at 30%…I would think “newby recruiter” are jumping all over it.
I did sign up to look at it though….accepting these bountys ruins it for all of us other recruiters that market the correct way. Again, it is for all the lazy recruites that don’t want to market (or are afraid of marketing) and working the way we all probably learned and the way we should be working…
I wouldn’t let any of my recruiters use it…
Bill Konrad
ISC of Atlanta
770.458.4180

By: Irina Shamaeva

Irina Shamaeva — Fri, 07 Nov 2008 22:23:18 +0000

One of the pioneers in this space that remains smaller and is not doing much advertising is http://www.recruitalliance.com – so I like telling others about it.
RA does not take any % of the earned contingency fee from recruiters. Instead, it charges a $70 monthly fee. They offer one month free trial.
For every posting one can see the numbers of accepted and rejected candidates; the acceptance rate is often quite high.
The site is completely free for employers – they would only need to pay recruiters the fee that they had announced, if they hire a candidate.
We placed about 20 people there over the last 3 years, including several people at $180-200K/yr base.
I wish they’d grow bigger!

Irina Shamaeva,
Partner, Brain Gain Recruiting
http://www.braingainrecruiting.com

By: Joe Sabrin

Joe Sabrin — Fri, 07 Nov 2008 21:41:00 +0000

Bounty is an excellent platform, it take the prospecting for clients out of the equation, your time is now focused on sourcing the right candidate.

Regards, Joe Sabrin

eHire
212-736-9544×7500
http://www.ehire.com

By: jason davis

jason davis — Fri, 07 Nov 2008 17:12:58 +0000

I wrote about this with some interesting stats.

http://www.recruitingblogs.com/forum/topics/recruiting-split-networks