5 Reasons to embrace the split fee revolution
Posted: Thu Jan 23, 2025 5:55 am
Domestic and International recruitment sectors are highly fragmented and are served by a large number of small and medium sized agencies. In addition, changing demographics and profound market shifts are transforming the global demand for the supply of human capital. This global imblance will worsen and become more of a challenge for the recruitment industry.
Over the last twenty years the Internet has revolutionised the way in which both consumers romania phone number library and companies conduct their businesses. The Internet is pervasive across all countries and manages both social and commercial interactions. Research has confirmed that a number of countries including the US, China, Japan and Korea have B2B e-commerce close to or above $1 trillion per year.
A split fee network enables a recruiter in any part of the world, for example a Chicago based recruiter can secure a job for his talented candidate anywhere in the world. Without the split fee model the Chicago recruiter might never find a job for his candidate. This premise shrinks the globe, country and individual city markets and enables the smallest agency to compete with the largest agency, for mutual benefit and transaction success.
“This is about the movement of talent to where it is needed in order to benefit economies, which is a win-win situation for all stakeholders. Mobility policies that are sensitive to the social implications of moving people for work are an effective approach, as they spark innovation and collaboration, while many high-skilled migrants eventually return to their homelands, taking fresh perspectives and valuable new skills with them, and fostering brain circulation.” Jeff Joerres, former CEO, Manpower
Over the last twenty years the Internet has revolutionised the way in which both consumers romania phone number library and companies conduct their businesses. The Internet is pervasive across all countries and manages both social and commercial interactions. Research has confirmed that a number of countries including the US, China, Japan and Korea have B2B e-commerce close to or above $1 trillion per year.
A split fee network enables a recruiter in any part of the world, for example a Chicago based recruiter can secure a job for his talented candidate anywhere in the world. Without the split fee model the Chicago recruiter might never find a job for his candidate. This premise shrinks the globe, country and individual city markets and enables the smallest agency to compete with the largest agency, for mutual benefit and transaction success.
“This is about the movement of talent to where it is needed in order to benefit economies, which is a win-win situation for all stakeholders. Mobility policies that are sensitive to the social implications of moving people for work are an effective approach, as they spark innovation and collaboration, while many high-skilled migrants eventually return to their homelands, taking fresh perspectives and valuable new skills with them, and fostering brain circulation.” Jeff Joerres, former CEO, Manpower