Recruiter

 

Recruiter Value Proposition:

• Active leads to employers seeking agency/independent recruiting assistance
• Direct access to hiring managers (no middleman)
• Keep 100% of the fees received from member employers (no brokerage fee)
• Employers can search your posted (confidential) hot candidates and contact you if interested
• Free candidate database
• Free split-fee network

 

Recruiter FAQ's

1. How is FeeTrader.com Split-Fee Network and candidate database free? What's the catch?
2. Why should I join Feetrader.com?
3. Does Feetrader.com receive any piece of the fees?
4. How do I get connected with an employer or a split-fee partner?
5. Is there a standard contract to use between the recruiters and employers or split-fee partners?
6. How does FeeTrader's service increase my business?
7. Will I win every bid?
8. How do I increase my chances of a winning bid?
9. How do I bid on an employer posted job?
10. Why are recruiters limited on bids?
11. Who do we Bill/Invoice?
12. When do we get paid on our invoice?
13. Why post here?
14. Is there any long term agreement?
15. How many jobs may I post?
16. Do I have to work with all the firms that solicit to work on my job posting?

1. How is FeeTrader.com Split-Fee Network and candidate database free? What's the catch? There is no catch. We subsidize the service through advertising and additional fee based services. It's a great win-win situation for everyone. The more recruiters who use FeeTrader.com, the greater success they will see on the split-fee network.
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2. Why should I join Feetrader.com? Because it is a state of the art integrated network that gives outsourced/agency-side recruiters 1) efficient and direct access to employers seeking recruiting assistance and 2) the ability to partner with other like-minded recruiters and increase their chances of finding or placing the perfect candidate for their clients. Additionally, joining the split-fee network is free which gives users the opportunity to try the service for as long as they like before upgrading.
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3. Does Feetrader.com receive any piece of the fees? Feetrader.com receives no part of fees generated by using our service. You earned it: you keep it.
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4. How do I get connected with an employer or a split-fee partner? After conducting a search through our portal, you simply click the "bid on job" (if employer posted) or "split-fee request" (if recruiter posted) tab which will enable you to send a personalized email with details about your capabilities and potential candidates.
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5. Is there a standard contract to use between the recruiters and employers or split-fee partners? Employers will have an agreement posted with the jobs which is visible to the recruiter prior to bidding. For split-fee jobs, FeeTrader.com provides a sample agreement that you may customize at your discretion. You may also use an agreement of your choosing.
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6. How does FeeTrader's service increase my business? By allowing easier access to employers (and other recruiters) to market your abilities and candidates. All recruiters have excellent candidates that they will never place because they haven't the appropriate clients or job reqs. FeeTrader will open up the market so recruiters with great candidates have a more efficient means to communicate that to interested employers.
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7. Will I win every bid? Of course not. However, if you have a compelling pitch and bid, you will gain additional business you otherwise would not have and in much shorter time than cold calling. Even if you win only a small percentage of your bids, your return on investment in both time and money will be significant. You may do much better than that.
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8. How do I increase my chances of a winning bid? Select positions that cater to your strengths (or ideally candidates in hand) and send a compelling pitch and bid. If you have a good candidate already, provide a quick profile within your pitch and bid for best results. More important than price, employers are interested in recruiters' abilities and candidates. They will not usually select bids based on price alone.
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9. How do I bid on an employer posted job? From the home page, login to your account using the email and password you signed up with. Then on the "search jobs" page any of the yellow shaded jobs are employer posted jobs and are open for bidding. To bid on an employer posted job, click on the job title link and if you have upgraded already, you will see a "bid on job" button with a "bid instructions" link next to it. To bid, click the "bid on job" button. If you have not yet upgraded you will be taken to an upgrade page instead of the job detail page when clicking on the job title.
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10. Why are recruiters limited on bids? FeeTrader is committed to providing an effective tool for both the recruiter and the employer. The monthly limitation on bids is simply so recruiters are thoughtful on selecting which positions are best suited for their competencies. The recruiter benefits here as the model ensures a reasonable number of competing bids. Otherwise, many recruiters might bid on every position without thoughtful consideration and that lack of "quality control" would hurt both the recruiters and the employers.
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11. Who do we Bill/Invoice? You bill the employer directly or the partner recruiter for the agreed upon fee upon successful completion of the placement.
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12. When do we get paid on our invoice? It is to be mutually agreed upon between you and the employer or partner recruiter. Feetrader.com has no part of the process except for putting you together.
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13. Why post here? Because, for agency/independent recruiters, it's free and you have complete control over with whom you wish to work. We also anticipate this will be the largest split-fee network in the world so get involved and be a part of that! Use each other's assistance in filling challenging positions which may be outside of your sweet spot or to speed the process of making a placement. This will invariably enhance your relationship with your client (and increase your chances and frequency of generating fees). Split-fees ultimately add to your overall billings!
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14. Is there any long term agreement? No.
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15. How many jobs may I post? As many as you like.
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16. Do I have to work with all the firms that solicit to work on my job posting? No, after you receive an email from potential partner, it is your decision with whom you decide to work. Furthermore, the job poster's identity is concealed until s/he decides to connect with a partner.
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