LogFAQs > #963934772

CE_gonna_CE posted...

Real talk what % of salary would you reasonably expect to get for each hire? Ive seen 25% as pretty standard in my history with invoices paid by companies Ive been with.

Seeing that your specialty are well paid IT folks, it would seem to me that if you were able to keep all that money (or split it with one other, as you mentioned), things would be pretty lucrative and it wouldnt even take a ton of hires to match or even exceed the salary you have with your current company. I could be wrong, but thats just my assumption.

If youre driven and self-sufficient enough, I wouldnt see a reason to give it a shot. Even if you did it and hated it, you could always go back to a corporate job later on if you really needed to.

Industry standard is 20% but 25% is possible with some for tough to fill roles. Ive seen companies sign up to 30% if theyre really desperate.

We used $150k base as the average and that would be $30k per hire. I honestly could do it on my own but she also has a ton of connections. Wed need to figure the split because I will do more of the leg work finding candidates but she will do more of the business development side and bringing them in the door. She has even more connections than I do. But even at 50/50 per hire, 2 hires a month would get us about $360k a year minus costs (LinkedIn recruiter is like $1000 a month, plus other tools). At my company Im making like 4-5 hires a month but its also a brand name company and I wouldnt have that behind me.

The potential is there. But its much tougher to do solo without all the tools and marketing behind the brand. And it will take a bit of time to ramp up at first. I expect a few months without making any money because of the time it will take to find candidates, get them through interview processes, invoice times, etc.

You also run into potential legal issues if a company just doesnt pay you. It can be very difficult and costly to try and take legal action.