[thelist] erika

[Martin]

Erika Meyer wrote on 31/8/00 11:29 pm

>BTW, this group, from what I understand, takes 30% of whatever a 
>company is willing to pay... no small amount.  If a company wanted to 
>hire me permanently, they would be entitled to 30% of my first years 
>salary. (!).  And according to the non-compete agreement, I couldn't 
>take a job with any of their contacts for one year, without them 
>getting their 30%.  Pretty steep for an industry with such a high 
>rate of turnover.

30% is *very* high (15% is more usual), and it normally gets
billed to the employer as a fee, rather than coming out of your
cut. You agree $50,000 with the employer? That's what you
get. The employer then has to pay the agency $7,500 as a finder's
fee.

Cheers
Martin

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