Ever notice how professional sports have the same coaches, year after year, even when they get fired? They just switch jerseys and move from one city to another. There's a revolving door where old coaches go in and new coaches come out.
Why? Well, there's simply a limited pool of talent perceived as being capable of doing that job. The same phenomenon happens in corporate America among "known managers" to Wall Street investors. When an LBO happens, or a company has a drastic whoopsie redo, or new "scale talent" is needed to bring the company from $100 million to $10 billion in revenues, then that pool of potentials is simply limited. So through the revolving door, you see the same people, again and again, just wearing different t-shirt logos, and hoping that they live to fight another day.
A lot like politicians and dilettantes in Washington. Same idea. Lower SAT scores.
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Finance: What is a headhunter/corporate ...0 Views
Finance allah shmoop what is a headhunter or corporate recruiter
Well headhunter just sounds so much cooler than you on
a corporate recruiter just saying you know like you have
this in your office waiting room versus this So yeah
basically is just someone who hooks up people looking for
work with the companies who are likely to hiram but
in a world of linked in and facebook and other
professional nets like indeed and glass door Why do companies
even need a headhunter Well a lot of companies simply
don't know howto efficiently Use these services or they use
them poorly or they need a body with a head
stat And just as with the sale of real estate
often the best candidates aren't listed That is Headhunters often
have personal relationships with literally hundreds of workers in a
deep given category And those workers profiles simply aren't listed
on job boards or social networks as being anything close
to available Or you know work for hire kind of
people you'd want If you're a small company that nobody's
heard of like think google in nineteen ninety eight then
you often need a headhunter to help convince the early
hire engineers with the double phd from stanford and emmett
that you aren't yet another flash in the pan and
deep domain expertise of well say algorithm A coding engineers
is a career for a headhunter At least in silicon
valley Those engineers are very hard to find and when
you do find them they want the multi million dollar
signing bonus access to so many hours on the corporate
jet and you know weekend spa homes around the world
Yeah that's what they get If you could get a
phd in computer science from stanford or m i T
Well you should So if that headhunter can convince a
big ticket high end engineer to then leave google and
go teo Whatever startup dot com Well then that headhunter
winds serious wampum from whatever startup dot com writes a
hard deal Hard to convince a google engineer making five
million dollars a year to leave and you know go
to some unproven thing Well normal fees or something like
twenty twenty five percent of the first year's compensation So
normal headhunter might make forty fifty grand a year in
salary But if they sign say eight algorithmic coding engineers
at two million bucks a year each for a total
of sixteen million dollars in first year salary and bonus
Well twenty five percent of that figure is bank like
four million bucks in that mega banner year in head
hundred commissions Generally speaking head hunters aren't general They own
a vertical or a specific nature a domain Some focus
on boards for ah media companies Others focus on mathematically
driven marketing people Others focus on lawyers with global tax
expertise who speak chinese russian and arabic And of course
if you run a noggin shrinking business and you want
to hire the absolute best cranial condensing professional available well 00:02:46.91 --> [endTime] you may need a headhunter for your head hunter
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