Redefining Headhunting

By DEY JOYDIP, published Oct 01, 2007
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Simon has closed a position of Director-Marketing today with his one of the fortune five hundred high technology client. The client has signed a deal of Rs.4.00 Crore per annum with the concerned candidate. This happens to be the fifth headhunting deal Simon closed during last one year. The other four candidates who has joined the top management position of various high profile companies, has signed a deal of Rs.4-5 Crore per annum in an average. One can roughly estimate how much commission Simon has earned from all five assignments closed during last one year at the rate of 16 per cent of annual Cost to the Company.

Simon decided to quit his lucrative job of a reputed MNC one year back and jump into headhunting business of his own. From then he has decided to work on maximum 5-6 top management assignments per annum with his very few limited clients. During last one year he has received many other assignments including bulk recruitment package for junior and middle management positions from various companies. However he has refused those offers since his prime objective is to redefine the rules of headhunting.

Takeaways
  • Challenges of Headhunting Profession in today's marketplace
  • The emerging Role of a headhunter in today's highly competitive marketplace
  • How does Headhunting Profession cope up with the changing market dynamics?
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