How Much Does A Recruitment Consultant Earn?
Discussion
Unfortunately our car park isn't that exciting. Suzuki swift with Gulf stripes (mine), Lexus, Golf GT, corsa's etc.. but to be fair no one in our office is even remotely interested in cars. The most exciting thing we've had in there was a colleagues TVR Tuscan which he had to bring to work for the garage to pick it up for repair. 
I used to do perm sales recruitment.
I never viewed it as a career. I hit that job like a ginger stepchild (copyright sumuvvafuka) for 18 months and made great money. In fact, it paid enough to clear a shed load of credit card debt, and raise a hefty deposit to buy my current business.
As a career it's not for everyone, but with the right company you can have an absolute ball
To be fair, I didn't have a great deal to lose... no house, family etc. so I probably had more testicles than someone with two kids and a mortgage could have at their disposal.
I ended up on zero basic salary, with a 40% commission and a paltry £6k threshold every month. Bonus' were available... not just as cash but I got offered a new R6, an SL as a company car for six months etc etc.
As it was, I was only there for the cash, but it was fecking tempting
Oh, and you will eat and drink HUGE amounts... I put on about 2 stone in my time there!
Oh, and they used to take us all away for works trips... If we hit 6 month target it was all expenses paid, if not it was flights and accommodation paid only. Got taken to Budapest, Puerto Banus and Las Vegas all on the company credit card.
Had an awesome time... but if you don't want to live and breath your work it won't be for you.
Oh, and it's quite possibly the most sexist working environment in the world. Ever. The kind of girl that doesn't walk out in disgust within two days is usually the one that ends up in a gang bang with a prossie in an east european brothel. I'd not bother shagging them - the whole office will have been there!
I never viewed it as a career. I hit that job like a ginger stepchild (copyright sumuvvafuka) for 18 months and made great money. In fact, it paid enough to clear a shed load of credit card debt, and raise a hefty deposit to buy my current business.
As a career it's not for everyone, but with the right company you can have an absolute ball
To be fair, I didn't have a great deal to lose... no house, family etc. so I probably had more testicles than someone with two kids and a mortgage could have at their disposal.
I ended up on zero basic salary, with a 40% commission and a paltry £6k threshold every month. Bonus' were available... not just as cash but I got offered a new R6, an SL as a company car for six months etc etc.
As it was, I was only there for the cash, but it was fecking tempting
Oh, and you will eat and drink HUGE amounts... I put on about 2 stone in my time there!
Oh, and they used to take us all away for works trips... If we hit 6 month target it was all expenses paid, if not it was flights and accommodation paid only. Got taken to Budapest, Puerto Banus and Las Vegas all on the company credit card.
Had an awesome time... but if you don't want to live and breath your work it won't be for you.
Oh, and it's quite possibly the most sexist working environment in the world. Ever. The kind of girl that doesn't walk out in disgust within two days is usually the one that ends up in a gang bang with a prossie in an east european brothel. I'd not bother shagging them - the whole office will have been there!
Edited by KingRichard on Monday 14th July 11:43
KimmyM said:
Unfortunately our car park isn't that exciting. Suzuki swift with Gulf stripes (mine), Lexus, Golf GT, corsa's etc.. but to be fair no one in our office is even remotely interested in cars. The most exciting thing we've had in there was a colleagues TVR Tuscan which he had to bring to work for the garage to pick it up for repair.
Kimmy, do you only recruit IT contractors for positions oop North, or do you cover the UK / Expat?BigAlinEmbra said:
Bibs_LEF said:
My old company paid 10% commission on the first 10k/month, 20% on the next 5k and 50% of anything over that. Good consultants billed up to £40k/month (average fee of 8-10k is 4/5 deals/month) which with your basic is over £15k/month wages!
£15k a month?! Struggling to believe that. How can you possibly make a margin of 50% on someone? FT employee and you charge 6 months salary and there's no overhead attached?!I honestly think recruitment consultants that earn £180k a year a few and far between.
Most of the ones I've spoken to have had basics in the region of £20-30k and with commission they've been in the £30-40k range.
t one's struggle to make £20K and the good one's must be clearing £50 plus but that makes the average closer to £35K. If it's a normal distribution there is always exceptions at the extremes. BigAlinEmbra said:
Bibs_LEF said:
My old company paid 10% commission on the first 10k/month, 20% on the next 5k and 50% of anything over that. Good consultants billed up to £40k/month (average fee of 8-10k is 4/5 deals/month) which with your basic is over £15k/month wages!
£15k a month?! Struggling to believe that. How can you possibly make a margin of 50% on someone? FT employee and you charge 6 months salary and there's no overhead attached?!I honestly think recruitment consultants that earn £180k a year a few and far between.
Most of the ones I've spoken to have had basics in the region of £20-30k and with commission they've been in the £30-40k range.
When we say bill, we mean GP. So if I pay someone 100/day and charge them at 120/day then that's be £20/day gp times by say 20 working days = 400. This is just to explain, real money is more than that.
So in fellas model, let's assume he's billed £40k
He gets 10% on first 10000 = £1000
20% of the next 5k = £1000
50% of the remaining 25k = £12500
That would equal £14500 comission on a monthly billing of £40k - but billing £40k in a month puts you in the top 5% of recruiters in the UK. We have a few consultants here billing in excess of £50k/month but they are few and far between. 5 of them out of a staff over over 400 consultants.
The commission scheme above is extraordinarily generous however if it's true. I don't know of any rec companies that would pay their consultants that much as £15k billing to get into the 50% bracket is really easy to reach. Most consultants over the course of the year should take home around 20% of the money they've brought in on top of their base salaries. That's the industry mean.
We used to have on average 10 consultants per annum who got the 500k club award - these guys would earn typically just over 100k per year, but they often had staff below them so they got a small amount of that comission as well as their own.
Most of our new permanent consultants struggled to earn more than their basic in the first couple of years.
Contract consultants had it much easier though and regularly made 30k plus in their first year.
Most of our new permanent consultants struggled to earn more than their basic in the first couple of years.
Contract consultants had it much easier though and regularly made 30k plus in their first year.
If Recruiting is to be viewed as a career, I can honestly say that Executive Search (aka 'headhunting') is the way to go.
Totally different business model and far greater rewards - cash in hand, work/life balance, recognition (company dependant of course), & job satisfaction.
Good luck and enjoy.
Totally different business model and far greater rewards - cash in hand, work/life balance, recognition (company dependant of course), & job satisfaction.
Good luck and enjoy.
Droptheclutch said:
If Recruiting is to be viewed as a career, I can honestly say that Executive Search (aka 'headhunting') is the way to go.
Totally different business model and far greater rewards - cash in hand, work/life balance, recognition (company dependant of course), & job satisfaction.
Good luck and enjoy.
Id say that you can make a career as a recruitment consultant, but you need the right kind of company (one thats growing lol). Totally different business model and far greater rewards - cash in hand, work/life balance, recognition (company dependant of course), & job satisfaction.
Good luck and enjoy.
As the company ive joined is growing really quickly (was the fastest growing company in the UK 2 yrs back)the prospects are really good, the area manager has been with the company for 7 years, started from the bottom (as everyone has to do) and is going to be an AD soon.. so thats from £27k to £120k in 7 years!!
Due to the company gorwing, and all new people hired at only trainee consultant level means that career progression is extremly good and realistic.
Would be fun to be in executive search, tho..
Jakestar said:
Droptheclutch said:
If Recruiting is to be viewed as a career, I can honestly say that Executive Search (aka 'headhunting') is the way to go.
Totally different business model and far greater rewards - cash in hand, work/life balance, recognition (company dependant of course), & job satisfaction.
Good luck and enjoy.
Id say that you can make a career as a recruitment consultant, but you need the right kind of company (one thats growing lol). Totally different business model and far greater rewards - cash in hand, work/life balance, recognition (company dependant of course), & job satisfaction.
Good luck and enjoy.
As the company ive joined is growing really quickly (was the fastest growing company in the UK 2 yrs back)the prospects are really good, the area manager has been with the company for 7 years, started from the bottom (as everyone has to do) and is going to be an AD soon.. so thats from £27k to £120k in 7 years!!
Due to the company gorwing, and all new people hired at only trainee consultant level means that career progression is extremly good and realistic.
Would be fun to be in executive search, tho..
Placed many people?
okgo said:
Hows things going then?
Placed many people?
Its going really well, still being trained as I had a week off before I started properly but have placed 1 temp so far Placed many people?
May not seem much, but ive been told thats the fastest anyone in my sector has ever placed (I placed after 2.5 weeks, been there 4 now) and have a job on at the moment with a view to place next week
.. the training period is 3 months and the average time to get onto commission is about 4 - 5 months, but I think ill get there a bit quicker than that!
Hours are long but the office banter is awesome
Definatly made the right decision in choosing this as a career!
ab@ said:
KingRichard said:
The kind of girl that doesn't walk out in disgust within two days is usually the one that ends up in a gang bang with a prossie in an east european brothel.
Soooo... Kimmy tell me some more about yourself haha.
, 20 year old, single, IT Recruiter that likes her motorsport think thats all anyone needs to know. K50 DEL said:
KimmyM said:
Yep me too actually rung him but unable to help
Speaking of e-mails Kimmy, I mailed you through your profile but have yet to receive a reply - am out of the country at the moment but on e-mail.Gassing Station | Jobs & Employment Matters | Top of Page | What's New | My Stuff