How Much Recruiters Billed through TE in 2017
The start of a New Year is a great time to look back. Specifically, it’s a great time to look back at the year that just ended. For recruiters, they typically look back at how they billed in the previous year.
That kind of retrospection is applicable to us, as well. That’s because we want to know how much recruiters have billed through Top Echelon’s recruiting network in 2017.
Could we look up the answer? Of course we could! But what fun would that be? No, it’s better if we take our question “to the streets.” And when we say “to the streets,” we mean the Members’ Area in the form of a poll question:
How much will you bill through the Network this year?
The choice of answers that we provided is listed below, along with the percentage of split network recruiters that selected each one:
- Less than $5K — 17.9%
- Between $5K and $10K — 9.0%
- Between $10K and $25K — 23.1%
- Between $25K and $50K — 19.2%
- Between $50K and $75 — 9.0%
- Over $75K — 21.8%
The most popular answer in our poll: “between 10K and $25K.” That answer garnered 23.1% of the vote, nearly a quarter. Interestingly enough, “over $75K” was next at 21.8%.
“Between $25K and $50K” was in third place, accounting for 19.2%. Let’s move down to fifth place, shall we? In fifth place was “Between $50K and $75K” at 9.0%.
Put all of those numbers together and what does it mean?
It means that 73.1% of the recruiter who participated in this poll billed at least $10K through the Network in 2017!
Billed to the brim with the fresh taste of cash
Okay, now it’s time for some more math. The monthly membership dues for Top Echelon’s split fee recruiting network is $130 per month. Over the course of a whole year, a recruiting agency would pay $1,560 in dues.
Let’s say that same firm bills $10,000 through the Network during that same year. Then let’s take their part of the brokerage fee away from that total. Since the brokerage fee for a split placement in Top Echelon Network is 6%, that firm’s share of the fee is 3%. So . . .
- $10,000 x 3% brokerage fee = $300
- $10,000 – $300 brokerage fee = $9,700
- $9,700 – $1,560 = $8,140
Theoretically, that agency paid $1,560 in membership dues over the course of a single year. That was the agency’s monetary investment. The return that it received on that investment was $8,140,
Pay $1,560, receive $8,140.
For over 73% of the recruiters who participated in this poll, that was the return that they received on their Network investment. That’s over 500%. And that’s at the low end of the spectrum. Don’t forget: 21.8% billed over $75K in 2017.
Looking to maximize your membership and make more split placements in Top Echelon’s recruiter network?
Then contact Director of Network Operations Drea Codispoti, CPC/CERS. You can do so by calling 330.455.1433, x156 or by sending an email to drea@topechelon.com.