For Interested Recruiters: An Overview
The Consortium Approach: It’s a Marketplace to Share Services & Write More Business
It’s a free and organized collaboration, exclusively for professional practitioners in Financial Recruiting
A Talent Search & Placement Business is a model requiring a consistent and reliable network of contacts – Like other network industries, our trade is also heavily dependent on trusting business partnerships which allow us to find & bring connections together.
At its core it’s simply a convergence of Candidates and Job Order pipelines; networks built by Financial Recruiters like you who are developing new relationships every day. These individuals are working together – they’re at their desks, on their phones, or out in meetings, building stronger networks with clients and amongst themselves.
This consortium is a network and a feature of the PETERSON-BICS business model that I’d be happy to explain and introduce;
and it’s group you might want to join – at no cost.
The Model Shares the Economic Qualities of other Network-based Industries
For fun, think of us like A Railroad System – we run the tracks between the Candidates and those Companies in need of great talent It’s our relationships with each and our expertise of the hiring process that builds and maintains our railways and when we can join together our connections – our deliveries turn into placements and we can simply make more of them.
Also consider our business model with similar qualities that might be seen with an Exclusive MLS Network (Multiple Listing Service) which the Real Estate Industry uses. There are agents representing the seller and those that represent the buyer. That network can connect more sellers with buyers, it helps with more property sales, and more earnings from split fees.
This added network feature of a consortium model, allows greater advantage over your larger-scale competitors who rely often only on internal resources.
The qualities of our network allow us to collaborate & reach out to a wider marketplace of many databases with quality candidates and more numbers of company search assignments; we can access longer standing relationships more quickly, in greater numbers than we could simply as our own small entity.
We can also do it better because of our experience levels – are much greater than what’s seen on average at larger staffing agencies with their always-changing new faces. (Fortunately, we got through our rookie years and our apprenticeships in this industry. NOW its time to reap the rewards.)
CONNECTING TO THIS CONSORTIUM CAN HELP YOU TO:
INCREASE YOUR JO WORK PORTFOLIO to which you can PRESENT and SEND-OUT STRONG CANDIDATES
FIND MORE FITTING CANDIDATES more quickly for Job Openings at your Client Companies
INCREASE MARKET SHARE by increasing the placements your firm makes under its’ own label
FIND A NEW REVENUE STREAM from splits, increasing your overall PERSONAL INCOME
IMPROVE YOUR HORSEPOWER to compete – FILL ROSTERS QUICKER and with higher QUALITY CANDIDATES than the large staffing teams
For The Existing Small Firm or Independent Recruiter Looking for more Streams of Revenues
It’s a resource of new contacts you can utilize for FREE – to increase your revenues. There’s no consortium transaction fees charged or royalties paid on those placements you will make with other consortium participants.
For The Employee of an agency with 5-7 Yrs in the Profession Tired of the nonsense from working for someone else Ready to Launch Their Own Practice
For the Experienced Practitioner At a certain point in life & wanting only Part-time or Project Income. Or not with a Finance Specialty But wanting to help a Client fill a role
You’ll be able to offer greater help to your contacts which will make you shine in their eyes for giving them more options and you can earn some nice split fee revenue.
The Consortium is simply a Meeting Place to find Split-Business Partnerships. It’s where you’ll find other like-minded Finance Recruiters also interested in making more placements.
It’s good to keep in mind, while split business may only earn you half a fee, it can be a solution and a relationship-saver when contacts start feeling impatient
A consortium can help your Most Placeable Candidates find additional interviews for jobs through you before they get placed by someone else
It can help you find a greater pool of applicants to cull through; allowing you to show more-fitting candidates to your Important Client-Companies’ vacancies,
This also lets you manage shorter candidate-to-roster time frames and shorter search time-frames to a successful closure.
From these benefits a consortium essentially gives you more opportunity to increase your production and your revenues.