Because it is a state of the art integrated and comprehensive recruiting tool that gives outsourced/agency-side recruiters:
FeeTrader.com receives no part of fees generated using the split-fee network or DRP (Direct Relationship Plan) employer posted jobs. You earned it so you keep it.
With SVP (Single Vendor Plan) job orders, FeeTrader manages the process so does take a portion of the fee depending on your member level.
After conducting a job order search through our portal, you simply click the "bid on job" (if employer posted) or "split-fee request" (if recruiter posted) tab which will enable you to send a personalized message with details about your capabilities and potential candidates.
If your bid is accepted on a DRP job order (as an upgraded recruiter), all employer and manager contact info is provided and your direct relationship is established. You would never need to work on a req before having the direct manager and employer contact info. You would bid based on your interest in the job (or knowledge of qualified candidates) and upon acceptance then speak and work with the employers directly!
Employers will often have an agreement posted with the job orders which is visible to the recruiter prior to bidding. For split-fee jobs, FeeTrader.com provides a sample agreement on our Resources Page that you may customize at your discretion. You may also use a split agreement of your choosing.
Beyond unlimited job postings that appear featured on Indeed and organically on many other job sites, FeeTrader fosters easier access to employers (and other recruiters) to market your abilities and candidates. All recruiters have excellent candidates that they will never place because they do not have the appropriate clients or job reqs. FeeTrader will open up the market so recruiters with great candidates have a more efficient means to communicate that to interested employers and recruiters.
Of course not. However, if you have a compelling pitch and bid, you will gain additional business you otherwise would not have and in much shorter time than cold calling. Even if you win only a small percentage of your bids, your return on investment in both time and money will be significant. You may do much better than that.
Select positions that cater to your strengths (or ideally candidates in hand) and send a compelling pitch and bid. If you have a good candidate already, provide a quick profile within your pitch and bid for best results. As important as price, employers are interested in recruiters' abilities and candidates. They will not usually select bids based on price alone.
From the home page, log in to your account using the email and password you signed up with. Then, on the "search jobs” page, any of the yellow or green shaded jobs are employer posted jobs and are open for bidding. To bid on an employer posted job, click on the job title link and if you have upgraded already, you will see a "bid on job" button with a "bid instructions" link next to it. To bid, click the "bid on job" button. No need to be upgraded if you're bidding on the SVP, green shaded job orders.
FeeTrader is committed to providing an effective tool for both recruiters and employers. The monthly limitation on bids is simply so recruiters are thoughtful on selecting which positions are best suited for their competencies. The recruiter benefits here as the model ensures a reasonable number of competing bids. Otherwise, many recruiters might bid on every position without thoughtful consideration and that lack of "quality control" would hurt both the recruiters and the employers.
For DRP (Direct Relationship Plan) jobs and split-jobs, it is to be mutually agreed upon between you and the employer or partner recruiter. For SVP (Single Vendor Plan) jobs, FeeTrader pays commissions after receipt from the employer and the completion of the guarantee period, usually 90 days.
Because you have complete control over with whom you wish to work. We also anticipate this will be the largest split-fee network in the world so get involved and be a part of that! Use each other's assistance in filling challenging positions which may be outside of your sweet spot or to speed the process of making a placement. This will invariably enhance your relationship with your client (and increase your chances and frequency of generating fees). Split-fees ultimately add to your overall billings!
No, there isn't.
As many split jobs as you like. Job posts to candidates are limited by your user level.
No, after you receive a message from a potential partner, it is your decision with whom you decide to work. Furthermore, the job poster's identity can be concealed until s/he decides to connect with a partner.
As FeeTrader is simply the medium thru which parties meet, there is no way to really predict how individuals will respond to your requests as it depends on too many variables that we'll never know. Some do post their contact info so keep an eye out for that with interesting posts so you can call them. We suggest never working on any requirement (even calling a single candidate) until you've connected with a poster of a job so you don't waste any time.
Also, be specific in your requests as to your abilities to assist with the particular job req. In general, split partners are more interested in taking the time to work with new partners when they have a compelling message (such as "I work this space often and have an excellent pipeline of candidates already" as opposed to the less compelling "this job sounds interesting. I'd like to work on it").
We suggest keeping your requests compelling, brief and specific to the job post for optimal results.