Career Management/Recruiters/Headhunters - potential scam?
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
They note that these are specific databases where senior positions are filled without needing to go to more public sites like Monster.com, LinkedIn, Indeed and others and note that most senior positions are filled in such ways without going 'public'. Specifically, heads of departments and execs use the systems to find who they want and go direct, rather than placing adverts on job boards.
This is marginally true. They are telling you something essentially factual to mislead you. People in the $200K+ bracket in IT tend to be hired on reputation, not job postings, mostly because they are rarely (if ever) on the market and rarely (if ever) on the market long enough for anyone to hire them that way. Top people tend to be poached, they don't linger unemployed, and move directly from job to job never being avoidable for employers to consider or evaluate.
So knowing the right people is key, whether it is the right people in the industry, the right friends, or the right headhunters. Good headhunters do the poaching and match making. They keep tabs on who knows what, who needs what, who is happy, who is itching for a better job, who could move up, who would be lured by more money or a different location, and they put the players together.
Example: For a long time I was looking for a place in Switzerland, rather than a raise. I had headhunters who knew me, knew Zurich, and would recognize when a position would make sense for me and make introductions. Good headhunters are very different from what you think of as recruiters in the majority space.
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
Market your skills to all relevant and targeted organizations proactively
This couldn't work. This means nothing different than handing in a pile of resumes that no one wants. Guess where those go (if they even bother to do this.)
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
Update information for all Applicant Tracking Systems at senior level upwards
This is where things are fake. ATS do exist, but for the fodder jobs, not the executive and senior ones. You don't track your stars, you know who they are. ATS are for the people sending in resumes. The only ATS for the senior people is in the CEO/CFO/CIO's heads.
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
Optimize your skills and content for head-hunter searches
Again, sounds good, but this is something that applies to the mass market. High end (headhunter level) positions don't do searches, they don't do key words. They are hiring experts based on reputation and connections.
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
Add a new Skills Matrix to your online profiles on a weekly basis
This isn't a bad thing, but again, it's not for a senior position, it's for mass market positions where HR is just doing keyword searches on Monster or Indeed. You can do this for yourself and actually know that what you put on there is right.
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
Maintain the ranking of your CV on all associated databases public and private
The what now? The CV ranking?
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
Recommend you via multiple executive networks that have requested your details in the last 3 months
So you can get hired by people who hire people based on PAID RECOMMENDATIONS? This guarantees that the person hiring you isn't just from the bottom of the barrel, he's the shit stuck to the bottom of the barrel that never even got a chance to see the inside of the barrel.
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
Add you to the upper echelon of senior/exec recruiters as a free candidate (no placement fee attached), saving companies the additional recruitment cost for your appointment
Right, so they claim that since you pay the $50,000 fee instead of the company, that the company won't get charged and will hire you based on you literally having paid the company to hire you!
While companies might be thrilled to have their employees pay them, obviously they also know that absolutely no one capable of doing the job would ever do this and this would flag you as being the absolutely most undesirable candidate in the history of candidates.
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
I have not heard of closed off databases that top companies use rather than headhunters/recruiters, but I do not doubt that this could exist.
There isn't, the "closed off database" is the one from REAL headhunters.
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@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
This company however says they do not charge the company but charge the candidate due to the service they provide and managing/promoting the candidate. The cost seems pretty expensive too at just below £1000, which is $1,400 USD.
That's an itty, bitty fraction of the cost that the companies pay. So this means that the math alone doesn't make sense. How could these guys make money. Sure, good headhunters do really, really well. But that's because they place something like 90% of the executive level staff out there. These guys are claiming to only be going after some tiny sliver of a percentage of the market, while doing so at a tiny percentage of the pay? Doesn't add up. If they were legit, they'd hardly make a penny.
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@scottalanmiller said in Career Management/Recruiters/Headhunters - potential scam?:
@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
Update information for all Applicant Tracking Systems at senior level upwards
This is where things are fake. ATS do exist, but for the fodder jobs, not the executive and senior ones. You don't track your stars, you know who they are. ATS are for the people sending in resumes. The only ATS for the senior people is in the CEO/CFO/CIO's heads.
Yeah I agree. Once you get to a certain level, you don't deal with ATS at all.
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@scottalanmiller said in Career Management/Recruiters/Headhunters - potential scam?:
@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
This company however says they do not charge the company but charge the candidate due to the service they provide and managing/promoting the candidate. The cost seems pretty expensive too at just below £1000, which is $1,400 USD.
That's an itty, bitty fraction of the cost that the companies pay. So this means that the math alone doesn't make sense. How could these guys make money. Sure, good headhunters do really, really well. But that's because they place something like 90% of the executive level staff out there. These guys are claiming to only be going after some tiny sliver of a percentage of the market, while doing so at a tiny percentage of the pay? Doesn't add up. If they were legit, they'd hardly make a penny.
Yeah placement fees can be $50k or more easily
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This is what I expected but since I am not at that level wanted to check. I'm about 1/3 of the numbers he was throwing around, which I guess is why he was doing that, to try to entice you with the larger numbers. Cheers for confirming what I thought though, its always good to check and have access to a forum like this. Cheers.
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@IRJ said in Career Management/Recruiters/Headhunters - potential scam?:
@scottalanmiller said in Career Management/Recruiters/Headhunters - potential scam?:
@Jimmy9008 said in Career Management/Recruiters/Headhunters - potential scam?:
This company however says they do not charge the company but charge the candidate due to the service they provide and managing/promoting the candidate. The cost seems pretty expensive too at just below £1000, which is $1,400 USD.
That's an itty, bitty fraction of the cost that the companies pay. So this means that the math alone doesn't make sense. How could these guys make money. Sure, good headhunters do really, really well. But that's because they place something like 90% of the executive level staff out there. These guys are claiming to only be going after some tiny sliver of a percentage of the market, while doing so at a tiny percentage of the pay? Doesn't add up. If they were legit, they'd hardly make a penny.
Yeah placement fees can be $50k or more easily
Yeah, for sure. Good headhunters can place no more than one person a quarter and be doing pretty well. It's not like normal recruiting where they make at most a few thousand dollars and have to do big volumes. This is very diligent service with huge amounts of time going into every placement.
