31–40 of 76 posts
Earlier quoted context omitted.
That struck me too. Are they saying no company will offer remote or visa assistance?
One step at a time. :) We're working on international, H1B, and other geographies soon.
Most of these new services trying to disrupt the recruiting market, such as Developer Auction and Pitchbox, are narrowly focused on Silicon Valley. Obviously, the issue is more acute in the Bay Area. They are still curated with a manual selection process, in other words they are still recruiters. A true disruption would need to occur for every locale. Not everyone is looking to move to Silicon Valley and not only Sil…
We're based in Chicago, so that might help. ;)
Most of these new services trying to disrupt the recruiting market, such as Developer Auction and Pitchbox, are narrowly focused on Silicon Valley. Obviously, the issue is more acute in the Bay Area. They are still curated with a manual selection process, in other words they are still recruiters. A true disruption would need to occur for every locale. Not everyone is looking to move to Silicon Valley and not only Sil…
Their business model is excellent:
1) Pay us $4k-$6k (let's say average $5k)
2) We'll train you for 4weeks or more
3) We'll find you jobs guaranteed with min salary $60k-$80k (whatever) or money back.
[Hidden] 4) Companies pay these guys "recruiting fee" between 10-20%
Some of the bootcamps were public about their recruiting fee but most of them are not (I'm not judging whether it's good or bad but merely pointing out the behind-the-public-business deals).
Let's say there are 20 potential candidates with 5 that will get the job (success rate 25%).
Income from Bootcamp = 5 x $5k = $25k
Income from Recruiting = 5 x $6k = $30k (10% of $60k)
Total Revenue = $55k for getting 5 people a job.
These are minimum numbers.
Loss occurs when either 0 gets hired or for certain threshold (I'm guessing pretty low).
These people are increasing the chance of replacement.
What does that mean? Somewhere else it says that it is free to developers. Is the hired developer receiving a portion of the fee you charge the employer?
"Start working and receive 20% cash back on our fee, typically $3,000 to $5,000+" What does that mean? Somewhere else it says that it is free to developers. Is the hired developer receiving a portion of the fee you charge the employer?
On the surface it sounds like a good idea, but it is nothing more than lipstick on a pig, plain old recruiters. You're better off using multiple recruiters, who will expose you to many companies and get you the best possible price.
I've been on both sides of the equation. I've used recruiters to try and find people and have used recruiters to try and find work.
On the receiving end it is always shocking to see someone ask you for a $25K fee to hire a $100K employee. I'd rather give the employee more money.
At best a recruiter should be perfectly happy with a 5% finder's fee. Why are they asking to get paid the equivalent of what a person will take a quarter of the year to earn?
This is particularly true in this age of database-driven recruiting. It costs them just about zero to have you in a database.