The Top 10 Fees for the First Quarter: $419,202!
Who says there’s no money to be made in a split fee recruiting network? Whoever it was, I can tell you who it was NOT. It was not any of the Top Echelon Network recruiters listed below. That’s because those recruiters combined to earn $419,202 in placement fees during the first quarter of the year!
Do some quick math and you discover that the average fee was $41,920. Let’s run that through the TE cycle, shall we?
A first quarter cash bonanza!
Okay, Top Echelon takes its 6% brokerage fee off the top, 3% from each recruiter. That’s $2,515.
Now there’s $39,405 left for the two recruiters to split. Do some more quick math, and that leaves each recruiter with $19,702.50. For a split placement they made with another recruiter.
How many of your non-split fees this year have been less than $19,702.50? At the very least, that is a highly competitive fee. Anytime you can score almost $20,000 from a single placement, it’s a good day.
No, there’s money to be made in a split fee recruiting network. Are you going to earn $20K from all of your Network split placements? Of course not. Don’t be silly.
But since you pay $1,560 in monthly dues, what you will receive is a hefty return on your recruiting network investment. And that’s only is you make one placement per year.
Surely, wouldn’t you like to make more than one placement in Top Echelon’s recruiter network? The recruiters below certainly would.
Congratulations to everybody who made placements in Top Echelon Network during the first quarter! May the second quarter bring many more!
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Largest Split Fees of the Quarter
First Place:
Debbie Winkelbauer of Surf Search and Trey Cameron of the Cameron Craig Group
The position for this split placement was a Director of Utilization Management. Winkelbauer was the job order recruiter, and Cameron was the candidate recruiter.
The action that stimulated this split placement was listed as, “Regular communication with a Top Echelon Network member.”
The fee for this split placement was $67,500.
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Second Place:
Mary Anne Buckley of Interstate Recruiters Corp (job order recruiter)
Justin Bidwell of Bidwell & Associates, LLC (candidate recruiter)
Position Title: Director of Quality Compliance
Fee percentage: 25%
Split Fee: $52,500
Third Place:
Bob Long of Executive Personnel Services (job order recruiter)
John Moskonas of Executive Personnel Services (candidate recruiter)
Position Title: Director of Financial and Regulatory Reporting
Fee percentage: 25%
Split Fee: $50,000
Fourth Place:
Carolyn Barcus of Barcus Associates (job order recruiter)
Mary Morris of Big Haystack (candidate recruiter)
Position Title: Business Development – Sales
Fee percentage: Flat
Split Fee: $40,012
Fifth Place:
Pamela Ratz DeVille, CPC (job order recruiter)
Catherine Sousa (candidate recruiter)
Position Title: VP of Contracting & Network
Fee percentage: Flat
Split Fee: $38,665
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Sixth Place:
Pat McCombs, CPC of KB Search Team, LLC (job order recruiter)
Ann Boland of The Boland Group (candidate recruiter)
Position Title: Vice President of Sales – Europe
Fee percentage: 30%
Split Fee: $38,025
Seventh Place:
Adrienne Colvert of Cambridge Consulting (job order recruiter)
Ken Nunley of 7 Solutions USA (candidate recruiter)
Position Title: Procurement Manager
Fee percentage: 25%
Split Fee: $33,750
Eighth Place:
Tim Piccini of Phillips Recruiting Services (job order recruiter)
Mark Diamond of Diamond Executive Search (candidate recruiter)
Position Title: Plant Manager
Fee percentage: 25%
Split Fee: $35,000
Ninth Place:
Melissa Truax of Premier Health Careers, Inc./Premier Paths (job order recruiter)
Barry Showe of Show and Associates, LLC (candidate recruiter)
Position Title: Director of Revenue Cycle – Physician Credentialing/Healthcare
Fee percentage: 25%
Split Fee: $32,500
Tenth Place:
Lois Rupkey of Byrnes & Rupkey, Inc. (job order recruiter)
Mark Diamond of Diamond Executive Search (candidate recruiter)
Position Title: General Manager
Fee percentage: 25%
Split Fee: $31,250
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Top Echelon determines the monthly and quarterly winners of its Network recruiting awards in four distinct categories, which are listed below:
1.) Recruiter of the Month
2.) Largest Split Fee of the Month
3.) Recruiter of the Quarter
4.) Largest Split Fee of the Quarter
The winners of these awards are only announced in The Pinnacle Newsletter Blog, usually (but not always) in the issue following the conclusion of each month and/or quarter.