As a recruiter I was intrigued with Bounty Jobs when they first arrived on the scene. At time I thought I could easily fill some of the positions listed based on my 16 years of experience as an executive search consultant.
I have found the experience to be less then positive. First of all the impersonal nature of the process is distressing. I like to communicate with my clients and get to know them and their business personally, thereby getting a better result of our work.
When you do get engaged, the information available to recrutiers is limited and you have very little to share with your potential candidates.
I personally have given up on trying to work with Bounty jobs. I prefer to work with clients on a 1and 1 basis.
Addtionally, i have talked with companies who have had little success and this can be found by the number of jobs posted and the actual fill rate. Lastly, most solid candidates will not appreciate being shopped around.
Interested to hear what if any experience you've had.
So far, I have not really heard of much success. I personally have not tried it, but a potential client I contacted requires it. I went and registered in their system, but decided not to sign up for Bounty Jobs. I had reservations about pursuing the company as a client after seeing it was pretty much a vendor system, and after hearing and reading others experiences with BJ made the final decision not to continue trying to sign that client. I guess the premise would be o.k., until you look at the reasons a hiring company would choose to use it - avoiding having direct contact with recruiters (the same people they are gong to for assistance?), negotiating the cheapest fee (be my client and WANT a great relationship and I assure you will feel you are getting great results even paying me my full fee).
Your post just drives home for me that there are pieces of BJ that may not be a good fit for many recruiters.
We have had significant success with BountyJobs. Our team interview rate is over 35% and we make consistent placements theough them.
They also pay right on time.
It is true that some client companies have a hands-off approach, however, we have developed significant relationships with several clients who use BountyJobs to give us private bounties.
Most of the companies we deal with through BountyJobs allow an open and direct dialogue using BountyJobs simply as a way to not have to deal with various contracts and approvals of multiple recruiting firms.
Can you tell me more about the Private Bounties and how that works??
This is Mike - I've been lucky enough to lead the team at BountyJobs for almost 2 years now so I'd love to leave a quick comment then clear the way...
Marc - sorry your experience is not great. I took a look into your jobs and have some advice I'll send offline. If you're open to it, I think you can actually do quite well. You might be surprised at the opportunties to interact with employers, alot has changed in the last 18 months and maybe we have not done a good job letting you know. Private Bounties are jobs where the employers invite only 2-3 headhunters. I can let you know about those.
Amber - although there are employers all over the industry that try to discount fees with HH's, they don't use BountyJobs to do that. IMHO - BountyJobs is the way employers determine the market rate is for a role. The employer sets the fee - HH's vote with thier feet. Every role is different - big % fees are common for one of a kind roles while fixed fees are common for standing Bounties - but the average fee on our marketplace has been 20% for the last 3 years.