California Franchise Tax Board’s Post

𝐁𝐫𝐨𝐤𝐞𝐧 𝐩𝐫𝐨𝐦𝐢𝐬𝐞𝐬 It’s one of the main reasons I’m getting calls currently. Is it down to incompetency, a manager who likes to speak too much. Or is it more sinister that they promised things knowing full well they couldn’t actually go through with them?   👍 You can work from home 2 days a week after probation 👍 You will progress from Senior to Team Lead when you bill x amount 👍 The desk is hot with jobs and candidates, and the person who has just left to go travelling had it billing x amount per month 👍 You will get shares in the business when your division does x amount   If the goalpost is changed, would it break the trust you have in that business?   #r2r #rec2rec #promises

*BILLINGS VS SALARY - IT'S THE MOST IMPORTANT THING!* As much as it's very tunnel-visioned, the above statement is what most recruitment agencies will look at when looking to add to their team. Obviously, this will be completely different for billing managers. A few years ago, there was a simple rule of thumb when it came to this: 💷Your salary x 5 = minimum yearly expected billings So, If you were after a salary of £30k, your billings would need to be a minimum of £150k per year. However, times have changed slightly and it is no longer this transparent due to the nature of the world we live in. This is due to: 📈Raised overheads with daily travel ⚡Higher energy prices and mortgage rates 👨💻A more saturated market driving down fees (wrongly, I might add, but it's happening) So it may not be as straightforward to find the right people as it once was. However, there is still a minimum expectation to adhere to. If your salary is around the same as your annual billings, it's almost certain that your company is operating at a loss by employing you. This is a fact I didn't quite know all the ins and outs of until I became a business owner. Employers have their own overheads for several things, such as: 🏢Office equipment costs and building rent 💻CRM systems 🔎Job board access 💵Company Insurance 🖇️LinkedIn Recruiter Licenses (depending on the level, this is a HUGE overhead!) 👨💼Corporation tax on income 👴National Insurance and pension contributions 🫵Marketing So if your company expresses a concern about performance, consider the above in the rationale behind it.. Of course, there could be the fact your current company doesn't support you with the right tools/training to succeed long-term. In this case, relevant chats need to be had. And if these chats don't work out, give me a call and I'll find you a company that will, support you in advancing your career As always, have a brilliant day! #recruitment #recruiting #rec2rec #newopportunities #recruitmentproblems

And there's still another week to go before pay day .... ... but don't worry, we've got an absolute corker of a commission structure for you - 𝙯𝙚𝙧𝙤 𝙩𝙝𝙧𝙚𝙨𝙝𝙤𝙡𝙙 & 𝙩𝙞𝙚𝙧𝙚𝙙 𝙗𝙚𝙩𝙬𝙚𝙚𝙣 10% - 30% 𝙤𝙛 𝙚𝙫𝙚𝙧𝙮𝙩𝙝𝙞𝙣𝙜 𝙞𝙣𝙫𝙤𝙞𝙘𝙚𝙙. 𝙏𝙝𝙞𝙨 𝙘𝙡𝙞𝙚𝙣𝙩 𝙖𝙡𝙨𝙤 𝙤𝙛𝙛𝙚𝙧𝙨 𝙖 𝙨𝙪𝙥𝙚𝙧 𝙗𝙤𝙣𝙪𝙨 𝙬𝙝𝙚𝙧𝙚𝙗𝙮 𝙮𝙤𝙪'𝙡𝙡 𝙚𝙖𝙧𝙣 𝙖𝙣 𝙖𝙙𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 10% 𝙘𝙤𝙢𝙢𝙞𝙨𝙨𝙞𝙤𝙣 𝙤𝙣 𝙚𝙫𝙚𝙧𝙮𝙩𝙝𝙞𝙣𝙜 𝙞𝙣𝙫𝙤𝙞𝙘𝙚𝙙 𝙤𝙫𝙚𝙧 𝙩𝙖𝙧𝙜𝙚𝙩. Legal recruiters, we're searching consultants with 18 months + experience to join our amazing, well established client .... Not only is this client looking to expand their already successful Private Practice & In-House teams in Manchester but also their new US division! What's on offer .... - Up to £50,000 (depending on experience) - Earn between 10% - 30% commission on everything invoiced - Superbonus - earn an additional 10% commission on everything invoiced over target. - Flexible working across the business (either 2 or 3 days a week from home.  With this role you have the best of both worlds - the backing and support of a well established business (within a firm which has been successfully trading for over 20 years) yet the feel & excitement of an embryonic division. Sound intresting?  Jo Green: 07780 705 173 joanne.green@spencerhunt.co.uk Drew Steele: 07825 560 327 drew.steele@spencerhunt.co.uk Rory Fittes: 07557 110 357 rory.fittes@spencerhunt.co.uk

I will never work for commissions. As an appointment setter this is my mindset. But that's not how I always used to think... When I first got into appointment setting Everything looked achievable. "Booked 60 calls" "Booked 70 calls" That's what my peers did for their clients. I thought I could do it too... And I did. I booked 25 appointments for a client as a complete beginner. I was super proud of myself. Felt as if I was the king of the world and I would be paid heavily. At that moment I was working on commission basis thinking that my client is good at closing. I believed that he will close atleast 7-8 clients from my highly qualified appointments... Turns out he closed none. My hopes were shattered. They shattered in the same way a cup shatters when it falls. Ever since that I made a decision. I will never work on a commission basis. I decided that I will work on a base salary. Even though commission basis is good but if your client sucks at closing... You will be left out for nothing. And that's something I can't afford. ---------------------------------------- Do you work for commission basis? Let me know in the comments!

In most agencies, you make significantly more money as a biller than a manager. Although management is a promotion in title, the scope of your role, and responsibility on your plate, the pay doesn't usually reflect the added pressure. Most recruiters get a $5-10k base bump when they start managing which feels great! But then have junior(s) added to their team who have zero recruitment experience & need to be trained up from scratch. Training juniors is extremely time consuming, especially since the bar is pretty low to get into the industry. A lot of people hired into grad shops are simply not cut out for the work.... and may not even realize they're in sales (I don't understand how this miscommunication happens lol). Who takes on the work of sussing out who has potential and who does not? Front line managers. And they have to do this ON TOP OF running their own deals, leading their team's billing from the front, BDing so they have roles to feed the team, managing their own clients/candidate, and managing up to report on their team's performance. It's a lot. I see a lot of people given this responsibility very early in their career which really hinders their personal success, especially if they're just starting to hit their billing stride and have strong momentum. Overrides for most billing managers are 2-7% of their team's production which is GREAT if their team is good and self-sufficient - but the odds are stacked against them given the industry's 60%+/- first year failure rate. It's extremely rare that new billing managers are given an experienced, high performing team to manage/make money off of with little input - if you have been, that's a gift you better not take for granted! Long story short, the math doesn't typically work out in young billing managers' favor. Yeah, you get a few extra thousand on base, but the cost in time, effort, attention, and added pressure is usually MUCH higher than that. It obviously is a very necessary role since new people need to be brought into the industry and shown the ropes, so by no means am I implying recruiters should never take this route. That said, the best billing managers I've seen tend to be on the higher end of experience (>4-5 years in the industry), have achieved success on their own via a strong book of business they've *personally* built (large amount of knowledge to share), and are ready for a new challenge. They are approaching the role from a more altruistic lens since they've done well already and made a lot of money, so they want to impart their knowledge to their team. Additionally, since they have a strong personal book of business, they can afford to take more time away from their own deals to train effectively vs not having extra time to give to their own team so they give them the bare minimum which isn't helpful to their development.

Recently I was chatting to one of our business partners about the future and the plans we're making together. Recruiters always say how excited they are don't they, it's their stock answer and sales ploy isn't it! They're excited about the *hitiest jobs out there that they're advertising. Funny isn't it. Except it's not. A GOOD Recruiter doesn't bull*hit you they're consultative and truthful. So when I say I'm excited about something it's because I really am!!! Last year we launched a new model with a business partner. It's for those of you who'd love to set up your own Agency but haven't got the foggiest how to go about it! The basics of this offering are as follows: We set your ltd company up for you! Create a website! Talk you through full financial funding so you don't need to worry about money/salary. This is the biggest thing Recruiters worry about when setting up and we can take all of that away from you Do every single bit of your back office including payroll, credit control, HR, Legal In essence we create a bubble around you so that you can do what you do best BILL! Then comes the best bit. Instead of a stuffy corporate support department you get Neil Prestwich and I (Ruth Moran) From the moment we agree to partner with you we are there 24/7. No question is too small or unimportant. You might be a decent biller but you won't have the kind of experience we've developed over the years. Every decision is your decision but we'll support and guide you whenever you want us to. So if you'd love to do it and want to know more DM, message me on 07970 840061 or email ruth@ruthmoran.co.uk

I challenge more people to embrace the potential of commission-only roles. I get it. No base salary is a scary thought to many, but commission-only positions offer a unique chance to reap rewards directly proportional to your efforts. While it can be a leap of faith, the sky's the limit when your dedication drives your success. Especially as every day I read posts about people who have been applying, interviewing, and getting rejected for months now. How about instead of waiting around for someone else to determine you're worthy of getting paid, you take financial matters into your own hands? And with all due respect, if your nose is still up in the air about commission only, hey at least I'm trying to throw you a life line. I like to think I'm offering more than the hundreds of employers that haven't even responded to you 🤷🏽♂️ And then once you do get a salaried job, the good news is most commission only positions, like being an insurance agent, are completely flexible, and you can then do both. I had a 9-5 for 3 years while building my insurance agency until I was able to go full time on my own. Explore untapped potential, challenge yourself, and seize the opportunity to shape your own success story. DM me if you have any questions about the world of the self-employed. #CommissionOnly #UnleashYourPotential #EmbraceTheChallenge"

How Much More Should I Ask for a Contract Finance Role? Answers: https://lnkd.in/gw7Qqs6A #JobOffers #ContractWork #FinanceRoles #SalaryNegotiation Hey everyone! 😊 I wanted to share an experience I’ve had recently and get your thoughts on it. I was in the running for a finance position at a bank, and they mentioned that instead of a full-time employee (FTE) role, the offer would actually be for a contract position. This was unexpected and got me thinking about the financial implications. Now, usually, contract roles can come with a few drawbacks: No benefits: This means no health insurance, retirement plans, or bonuses. Lack of paid vacation: You often have to forfeit the ability to take paid time off, which can really bite, especially if you’re trying to maintain a work-life balance. Job security concerns: With contracts, there's sometimes uncertainty about how long the job will last. Since we haven’t discussed salary yet, I'm left pondering how much extra I should ask for. As a contractor, it feels like I need to compensate for the lack of perks that come with a traditional full-time role. Here's what I'm considering: Research industry standards: What ar...

Are you an Agency Recruiter billing a min of 10k a month? How would you like your own business with me supporting you 24/7? It could be a remote, work from home option OR a sizeable scale up option. The choice is yours 😊 Here's what you'll get: 1. Finance to get your business off the ground! 2. An ongoing salary to help you make that transition to business owner! 3. Control over your business and the direction in which you want to take it! 4. A significant equity share which will grow over time! 5. The reassurance you’re backed by a cash rich group, which has a proven track record in this particular field of expertise! 6. Exposure to a network of other business owners who are in the same situation, where you can share ideas and best practice! 7. Access to mentors who have previously been successful recruitment owners. These experts are on hand to help develop your skills as a recruitment business owner! 8. Ongoing funding to further meet your growth plans 9. Wealth management to ensure you manage finances in the best way possible 10. We have finance experts who can help coach you to understand the all important numbers to a greater level. 11. Group buying power, which enables you to purchase things more cost effectively 12. Temp workforce financing 13. Internal recruitment and training team which can support you with onboarding and training your people 14. Credit control function, with debt insurance for all your clients 15. A full back office team, which is on hand to help with all the critical tasks, from raising invoices, to producing monthly management accounts . This is key so you can focus your time on sales and the things which will help you grow and be successful 16. Brand specific marketing and media creation 17. Job board and candidate attraction funding 18. IT software & hardware with dedicated go to support function 19. Legal and HR support as again having this expertise is fundamental 20. Finally and most importantly, you’ll be surrounded with some truly wonderful, talented people who are simply nice and genuine people to work with 😁   Basically they provide everything you need to ensure you have the reassurance, confidence and peace of mind that you’re part of a group (albeit you’re independent) that tries to put you first. Interested? Call/WhatsApp/Text me Ruth Moran THE UK'S LONGEST SERVING REC2REC on 07970 840061 ruth@ruthmoran.co.uk I can't wait to work for you 😁

Are you an Agency Recruiter billing a min of 10k a month? How would you like your own business with me supporting you 24/7? It could be a remote, work from home option OR a sizeable scale up option. The choice is yours 😊 Here's what you'll get: 1. Finance to get your business off the ground! 2. An ongoing salary to help you make that transition to business owner! 3. Control over your business and the direction in which you want to take it! 4. A significant equity share which will grow over time! 5. The reassurance you’re backed by a cash rich group, which has a proven track record in this particular field of expertise! 6. Exposure to a network of other business owners who are in the same situation, where you can share ideas and best practice! 7. Access to mentors who have previously been successful recruitment owners. These experts are on hand to help develop your skills as a recruitment business owner! 8. Ongoing funding to further meet your growth plans 9. Wealth management to ensure you manage finances in the best way possible 10. We have finance experts who can help coach you to understand the all important numbers to a greater level. 11. Group buying power, which enables you to purchase things more cost effectively 12. Temp workforce financing 13. Internal recruitment and training team which can support you with onboarding and training your people 14. Credit control function, with debt insurance for all your clients 15. A full back office team, which is on hand to help with all the critical tasks, from raising invoices, to producing monthly management accounts . This is key so you can focus your time on sales and the things which will help you grow and be successful 16. Brand specific marketing and media creation 17. Job board and candidate attraction funding 18. IT software & hardware with dedicated go to support function 19. Legal and HR support as again having this expertise is fundamental 20. Finally and most importantly, you’ll be surrounded with some truly wonderful, talented people who are simply nice and genuine people to work with 😁 Basically they provide everything you need to ensure you have the reassurance, confidence and peace of mind that you’re part of a group (albeit you’re independent) that tries to put you first. Interested? Call/WhatsApp/Text me Ruth Moran THE UK'S LONGEST SERVING REC2REC on 07970 840061 ruth@ruthmoran.co.uk I can't wait to work for you 😁