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[Ask A Headhunter]

Hh,

How do general hh goes if I'm not in big company?

Means i will nvr ever get hh ?

Because I have a few friend from big company get hh before so I presume this.

Like I said. It's not about big company small company. It's about your skills and whether you are visible thru having your cv online and having a LinkedIn account etc

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[Ask A Headhunter]

HH. If I secure a senior level position (Director and above) can I ask my HH to split comms with me? He didn't do much at all

No. He won't agree to it anyway

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[yukari_san3]

understood your point. But hiring company do take into account commission to recruiter as part of internal equity etc right?

I want to add a very important point most HHs don't tell you.


By taking a role through them, you get a "lock-in" period.

The hiring firm has to spend an undisclosed sum of money just to release you from your recruitment firm (if they want to hire you direct).

So more often than not, they would rather forgo hiring you due to high costs, and hire someone else instead.

HH, please reveal more on this very important issue.

Most HHs are not forthcoming on fine prints like these.

1) How much is this release fee?

2) How can the candidate negotiate this down?

3) Any other insights into this HH?

 

[Ask A Headhunter]

I want to add a very important point most HHs don't tell you.


By taking a role through them, you get a "lock-in" period.

The hiring firm has to spend an undisclosed sum of money just to release you from your recruitment firm (if they want to hire you direct).

So more often than not, they would rather forgo hiring you due to high costs, and hire someone else instead.

HH, please reveal more on this very important issue.

Most HHs are not forthcoming on fine prints like these.

1) How much is this release fee?

2) How can the candidate negotiate this down?

3) Any other insights into this HH?

The lock in period you mention is only for contract roles. And only applies if the contract is less than 1 year.

And it is prorated.

So let's say for a permanent role the hh charge the company 20% of annual salary.

But if contract they will charge 10% for 6 months, if convert to perm job they charge another 10% with no additional charges. So it is as good as hiring a permanent employee from a hh.

If let's say the company want to hire you after a 1.5 year contract, there is no additional cost to the hh from the company

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[Ask A Headhunter]

I want to add a very important point most HHs don't tell you.


By taking a role through them, you get a "lock-in" period.

The hiring firm has to spend an undisclosed sum of money just to release you from your recruitment firm (if they want to hire you direct).

So more often than not, they would rather forgo hiring you due to high costs, and hire someone else instead.

HH, please reveal more on this very important issue.

Most HHs are not forthcoming on fine prints like these.

1) How much is this release fee?

2) How can the candidate negotiate this down?

3) Any other insights into this HH?

To add. This cannot be negotiated because every hh and every company signs the same agreement in Singapore. Basically a contract employee is treated the same as a permanent employee. However do note that this only applies if your salary is paid by the client and not the hh company

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[yukari_san3]

HH.... that's very good....


so we know HHs earn from our basic salary.

what about something not so straight-forward. like our Over-Time and allowances?


At the moment, my allowances and OT can be 75% of my salary.

lets say $5000 basic + I did $3800 allowance/ OT for the month

how do they cut it?

 

[Ask A Headhunter]

HH.... that's very good....


so we know HHs earn from our basic salary.

what about something not so straight-forward. like our Over-Time and allowances?


At the moment, my allowances and OT can be 75% of my salary.

lets say $5000 basic + I did $3800 allowance/ OT for the month

how do they cut it?

Sorry but the "fee" is on top of your basic salary.

Means even if the company hire you direct, you won't get a higher basic salary as a contact staff.

The reason is because companies

1) don't want to hire people under their headcount (means your pay is paid by the hh)
2) companies don't want to hire permanent. Period. They rather pay more money to the hh, then if needed can easily not renew the person contact. (because there is no work for the contract staff to do)
3) companies want to "test" the employee if he is good. If not good can just don't renew the contract. Companies would rather pay a fee to the hh than hire directly because it is easier to "remove" the employee if he is not suitable for the job.

Remember when companies want to hire people ( especially mnc), cannot just simply hire. Must ask approval from all the senior managers why need to hire people.


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[Ask A Headhunter]

HH.... that's very good....


so we know HHs earn from our basic salary.

what about something not so straight-forward. like our Over-Time and allowances?


At the moment, my allowances and OT can be 75% of my salary.

lets say $5000 basic + I did $3800 allowance/ OT for the month

how do they cut it?

They don't "cut" your salary per say.

Just think of it like service charge.

When you go a cafe, they put on the menu the price of the item (your salary) and the gst and service charge (fee to the hh)

Just because there is a fee, doesn't mean the price of the item is lower. Because if you go to another cafe, the price is the same even if there is no service charge.

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[yukari_san3]

good.... that is enlightening. excellent insight!!

I didn't know about this before but now I do


what about my variable: Allowance + OT.

It varies month to month.


how will the HH arrange with me to cut it?

 

[magna_strike]

what industry u headhunt for?

 

[yukari_san3]

Wait. I'm not being clear.

I mean, I know my basic is $5K.

My recruiter is aware of it too.

So that's my basic fixed salary.


But he doesn't know I have allowances and OT that can add up to $3750. It's a variable and it depends on month to month.


so if he Head-Hunts me and puts me into a new role.

how does he take his commission from my variable which changes month to month.

In other words, I will only know my exact variable only after I worked for the month: did the OT, claim the allowances.

its not something you can calculate and put into the contract at the start




so this is what I meant

sorry i was unclear



*edit* Yes, salary paid by HH.

 

[Ask A Headhunter]

good.... that is enlightening. excellent insight!!

I didn't know about this before but now I do


what about my variable: Allowance + OT.

It varies month to month.


how will the HH arrange with me to cut it?

If I am not wrong ( I haven't done contract roles for a long time), if your salary is paid by the hh, a fee is charged to the company for allowance and ot. If your salary is paid by the client, no fee is charged to the hh


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[Ask A Headhunter]

what industry u headhunt for?

Financial industry


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[Ask A Headhunter]

Wait. I'm not being clear.

I mean, I know my basic is $5K.

My recruiter is aware of it too.

So that's my basic fixed salary.


But he doesn't know I have allowances and OT that can add up to $3750. It's a variable and it depends on month to month.


so if he Head-Hunts me and puts me into a new role.

how does he take his commission from my variable which changes month to month.

In other words, I will only know my exact variable only after I worked for the month: did the OT, claim the allowances.

its not something you can calculate and put into the contract at the start




so this is what I meant

sorry i was unclear



*edit* Yes, salary paid by HH.

Simple. The company must declare how much ot by having a timesheet signed by you and the client

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[yukari_san3]

Simple. The company must declare how much ot by having a timesheet signed by you and the client

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waaaaaaa why so troublesome!!!

I'm a professional. I never never carry time-sheets!!!

I feel like I will be a intern now HH!!!!!!!

 

[yukari_san3]

is it possible we have chat before?

I'm on efinancial

get HH almost all the time.


what's the name of your firm?

or tell me the first letter

we could have chat!!!!!!!!!!!

 

[Ask A Headhunter]

is it possible we have chat before?

I'm on efinancial

get HH almost all the time.


what's the name of your firm?

or tell me the first letter

we could have chat!!!!!!!!!!!

Prefer not to say for confidential reasons. Anyway the concept is the same, timesheet or not. The client must declare how much ot you have been doing

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[yukari_san3]

sucks. yukari back to intern life

 

[AaronZzZ]

The higher your salary, the more the consultant gets.
It's in the consultant best benefits go secure you the highest salary possible.

Yea but will the company limit their highest because of the fees they have to pay.

 

[Nanonited]

Anybody can enlighten if the forensic accounting industry is worth investing time into? Am considering a mid career change so would like to know if there are prospects and good pay for this line?

Thank you!