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𝐆𝐫𝐚𝐝𝐮𝐚𝐭𝐞𝐬, 𝐫𝐞𝐚𝐝 𝐭𝐡𝐢𝐬 𝐛𝐞𝐟𝐨𝐫𝐞 𝐚𝐜𝐜𝐞𝐩𝐭𝐢𝐧𝐠 𝐚 𝐫𝐨𝐥𝐞 𝐢𝐧 𝐫𝐞𝐜𝐫𝐮𝐢𝐭𝐦𝐞𝐧𝐭. Let's talk about something crucial yet often overlooked: 𝐭𝐡𝐫𝐞𝐬𝐡𝐨𝐥𝐝𝐬. When I speak to graduates entering the recruitment industry, many are completely unaware of what thresholds are—or worse, that they even exist. What’s even more concerning? Some have already committed to roles without understanding how thresholds could impact their earning potential. So, what exactly are thresholds? In simple terms, a threshold is the amount you need to 𝘣𝘪𝘭𝘭 before you start earning commission. It’s a way for the agency to cover the costs associated with employing you—things like your salary, equipment, training, and office expenses. Many recruitment agencies have thresholds, but they’re not always made clear during the hiring process. This could result in you stepping into a role where your ability to earn commission is significantly hindered. Here are a couple of examples to illustrate: 𝐀 𝐠𝐨𝐨𝐝 𝐭𝐡𝐫𝐞𝐬𝐡𝐨𝐥𝐝: Threshold: £10,000 annually. Average agency fee: £10,000. This means you need to make 𝘰𝘯𝘦 placement per year before you start earning commission. 𝐀 𝐛𝐚𝐝 𝐭𝐡𝐫𝐞𝐬𝐡𝐨𝐥𝐝: Threshold: £50,000 quarterly Average agency fee: £5,000. In this case, you’d need to make 𝘵𝘦𝘯 placements per quarter before you see any commission. As you evaluate offers, it’s essential to weigh the average fee size, the threshold in place, and, of course, the commission structure (a topic for another day!). Don't walk into a role blind—understand the fine print and set yourself up for success. #Thresholds #Recruitment #Commission #CommisionStructures #Grads #Graduates
Recruitment Consultant | Rec2Rec | Griffin Recruitment | LLB Graduate | Headhunter
2moInteresting take on Thresholds and some really useful information for those who are looking at commencing a career within recruitment. Thanks, boy!