Probably the big thing about the 3p guys is they seem to know who is hiring, and it goes beyond what you can find yourself. So those extra jobs are basically free-rolls for you. Conversations with them always end up with "have you heard of x" where x is yet another firm that either I haven't heard of, or I don't have a contact there. Firms that are known to be currently hiring are worth a lot more than firms that are just a known name.
Keep in mind it's only a % of your first year income. If you hang around the company for a few years, that few % is really nothing. Also your production to the company is unlikely to be so finely balanced with your salary, the type of jobs where the 3p guys work tend to be ones where the firm is expecting to make several x whatever they pay you.
The firm is looking at:
- Your gross salary
- Various taxes on top, depending on where you live that could be anywhere from 0 to dozens of %.
- Costs of business: rent for your desk. Tools like a Bloomberg Terminal, $24K/year. I'm sure other industries have other necessities.
- The cut to the 3p.
- The additional revenue they can support with you on the team, which hopefully is at least 2x all the above. Alternatively, revenue might decline if they don't replace someone who's expected to leave. That's money that's already in the bag that might vanish.
Remember the 3p guy is also interested at least partly in you getting a higher salary, so they are also looking for people who are willing to pay. A cheapass hiring firm is about as useful to them as an applicant who can't do the job, so if the 3p guy is smart he'll find the firms who are properly looking to hire people.
Don't forget firms that are only expanding a little bit have networks to rely on that they don't have to pay for. It's going to be the firms who have exhausted the networks that are happy to pay up for talent.
> That sounds like it's not for everyone. I'd probably find those check-ins mildly disruptive and the other parts feel like I'm doing someone's job for them.
Certainly true, but check-ins are only a short coffee or other break-like activity. I sometimes arrange a day in London where I catch up with people, and it's a low stakes mildly rewarding thing to do, if your personality suits.
Keep in mind it's only a % of your first year income. If you hang around the company for a few years, that few % is really nothing. Also your production to the company is unlikely to be so finely balanced with your salary, the type of jobs where the 3p guys work tend to be ones where the firm is expecting to make several x whatever they pay you.
The firm is looking at:
- Your gross salary
- Various taxes on top, depending on where you live that could be anywhere from 0 to dozens of %.
- Costs of business: rent for your desk. Tools like a Bloomberg Terminal, $24K/year. I'm sure other industries have other necessities.
- The cut to the 3p.
- The additional revenue they can support with you on the team, which hopefully is at least 2x all the above. Alternatively, revenue might decline if they don't replace someone who's expected to leave. That's money that's already in the bag that might vanish.
Remember the 3p guy is also interested at least partly in you getting a higher salary, so they are also looking for people who are willing to pay. A cheapass hiring firm is about as useful to them as an applicant who can't do the job, so if the 3p guy is smart he'll find the firms who are properly looking to hire people.
Don't forget firms that are only expanding a little bit have networks to rely on that they don't have to pay for. It's going to be the firms who have exhausted the networks that are happy to pay up for talent.
> That sounds like it's not for everyone. I'd probably find those check-ins mildly disruptive and the other parts feel like I'm doing someone's job for them.
Certainly true, but check-ins are only a short coffee or other break-like activity. I sometimes arrange a day in London where I catch up with people, and it's a low stakes mildly rewarding thing to do, if your personality suits.