You have many tools, services, and resources that you use as a recruiter and/or agency owner in your quest to make more placements. Membership in Top Echelon Network is just one of them.
But perhaps, since it’s the very first day of the New Year, you’ve been wondering about what kind of return on investment (ROI) you’re receiving on your Network Membership. That’s a valid question. (Although I hope you’re asking that question about every tool, service, and resource, that you use.)
Let’s cut right to the chase: you do NOT have to make a ton of split placements every year to earn a huge ROI in our Network. In fact, you only have to make one split placement to receive that huge ROI.
How huge is huge? I’m so glad you asked . . .
How the TE ROI is so high
Let’s start with cost. The monthly membership dues for Top Echelon’s recruiting network is $130 per month. Over the course of an entire year, a recruiting agency would pay $1,560 in Network Membership dues.
Let’s say that a Member agency makes one placement in the Network during that year. We’ll start with the fact that the average TE placement fee in recent years has been around $20,000. So let’s say this one placement brings with it an average TE placement fee.
Okay, so then Top Echelon takes 6% of that total as its brokerage fee. In this case, that fee is $1,200. That means each recruiter associated with the split placement will now split $18,800. Some quick math tells us that’s 9,400 per recruiter (or per agency).
Theoretically, the Member agency with which we started 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 is $9,189.
Pay $1,560, receive $9,400. That sounds like an acceptable return on investment (ROI).
That’s because you are more than doubling your money. That represents a 500% ROI, and that’s for each recruiter or agency involved in the split placement.
Maximize your 2020 return
So that’s the ROI of making just one split in Top Echelon Network in 2020: 500%. Of course, some Member agencies make far more than one split per year.
However, as you can see, the Network does not have to constitute a major part of your business or recruiting desk for you to receive a huge return on your investment. The Network is meant to supplement your business and your desk, to maximize it, so to speak.
One split placement is all it takes. If you have yet to make your first split in Top Echelon Network, then we want to help you do so in 2020. We want you to receive your 500% ROI.
That’s why I encourage you to contact our Director of Network Operations, Drea Codispoti, CPC/CERS. You can do so by calling 330.455.1433, x156 or by sending an email to firstname.lastname@example.org.