The big question that many prospective IT recruiters are faced with after their final interview with an IT staffing company is what salary should they demand. Since the key to most IT recruiting companies is their commission plans, the appropriate salaries can vary. Therefore, technical recruiters must take a number of factors into consideration:
- Commission Plan: This is the most critical piece of any compensation plan. IT recruiters Boston who are confident in their work ethic and ability will want an aggressive commission plan. This in turn, would translate into a lower salary (as ideal as it would be, you can’t have both). If you’re an aggressive technical recruiter, then you’ll want an aggressive plan. If you value work/life/balance, then find an IT recruiting firm who is heavier on the front end (salary).
- Additional bonuses and/or stock: Does the IT recruiting agency provide any additional bonuses or incentives? Annual bonus? Stock sharing plan? Additional vacation time? These are all things that IT recruiters need to know before deciding on a fair and equitable salary.
- Insurance plan & other company contributions: In today’s age, health insurance rates are through the roof. Therefore, take a look at what out-of-pocket expenses you might incur with your plan. What percentages of your health insurance will the IT staffing firm pay? Would the money be withheld pre or post-tax? Is there a 401k match? A disability or life insurance plan? All these factors will have an effect your salary requirements.
- Vacation policy: Holidays are scarce in the IT recruiting industry as technical staffing firms must be open if there is a chance any of their IT consultants are working. Therefore, knowing you may only receive 5-6 holidays, dig into your vacation time. IT recruiters Boston work hard; therefore it’s critical to have some time off to rest and recharge the battery.
- Volume of requirements: Outside of compensation, this is the most critical factor to success for technical recruiters. Simply put, does the IT recruiter have enough qualified job orders to make money? Dig into req volume; fill ratios and other metrics that will help you gauge the realistic opportunity for you to fill positions.
- Company growth & opportunity: Unless your career aspiration is to be a life-long technical recruiter, you’re going to want to know about the potential to move upwards within the IT recruiting firm. Is there an opportunity to run the IT staffing branch? A regional role? Training other IT recruiters Boston? Dig into the potentials, and then ask for real-life examples of people who have been promoted into these roles.
- Personal experience: Of course your own personal experience and past IT recruiting production numbers are a huge component that will help drive your salary requirements. Your past annual revenue numbers can drive your market value up or down based on productivity.
- Personal bills & expenses: Figure out the amount of money you will need to live comfortably. This should be your bottom line in terms of salary. Next calculate how much you would ideally like the IT staffing agency to pay you. Make sure that is not unrealistic and competitive. You may not be sure what you are worth or what salary the hiring managers are willing to pay.
- Competitor Comps: If you can find salaries and hourly rates of the job you are interested in, you can compare them with other IT recruiting companies Boston. This will allow you to find an average salary range for the IT recruiting position based on the current economic climate.
AVID Technical Resources
AVID (Applications, Voice, Internet, Data) Technical Resources is a leading Information Technology recruiting company. Specializing in placing contract and permanent personnel in both Infrastructure Support and Applications Development positions, AVID has a national presence supporting clients ranging from small businesses to Fortune 100 companies. Headquartered in Boston, MA, AVID has achieved tremendous growth since the firm's inception in 2003. This has triggered numerous national awards and recognition, such as being named to Inc. 500 Magazine's list of 5,000 Fastest Growing Privately-held Companies in the US in 2010, 2011 and 2013. Additionally, the firm boasts of having more than 100 five-star reviews on Google from clients and candidates who rave about their experience and interaction with the firm's recruiters.