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Re: OT: NothchUp

Greg Rundlett wrote: 
> On Jan 26, 2008 11:35 AM, Al Wheeler <[hidden email]> wrote: 
>> To beg the question, I guess - 
>> So they (NotchUp) either adjust their assumptions more realistically, go 
>> out of business, or it is a scam? 
>> Thanks! 
>> Dan Ritter wrote: 
>>> On Sat, Jan 26, 2008 at 09:35:35AM -0500, Al Wheeler wrote: 
>>>> The excessive invites are due to a 10% finders fee incentive based on 
>>>> the hired person's salary. I'm not so sure the rates are sustainable 
>>>> (what are the headhunter's rates in general???), but the basic concept 
>>> Between 15 and 33% of first year salary. Pretty much nobody is 
>>> worth a 33% markup -- if they were, you would know about them 
>>> already without an agent. 
>>> -dsr- 
> NotchUp is offering 10% of the 'interview' price.  So, if my interview 
> price is $500, and a company then hires me after the interview, 
> whomever referred me to NotchUp (if anyone) will get $50. 
> Yes traditional recruiters charge 25-30% of base salary as a 
> commission, so on a hypothethical $100,000 job, ACME widgets can 
> source through a recruiter for $25,000, or through NotchUp for $550. 
> That leaves NotchUp to charge ACME ~$24,000 
> Anyone who has hired people can tell you that it's a lot of work.  I 
> like the fact that companies are taking novel approaches to leveraging 
> the Internet to cut down the costs (financial, time etc) while 
> providing better results.  I'm not sure that NotchUp has the right 
> model, but do expect that a lot of new systems will spring up.  I 
> can't believe it's taken this long. 

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