| To
be a Big Biller, you MUST perfect the art of negotiation!
Big Billers
never talk about the fee or the service charge unless they
understand what the potential client's needs are. Big Billers
never talk about the fee or the service charge unless they
have made the decision to work the search.
When a
potential client asks, "What is your fee?" return
with a question, "Is fee the only issue keeping us from
doing business? If it is, I am sure we can make this work
for both of us. Let us decide first if my firm meets your
needs."
Discuss
at that point how your firm can add value
Conduct a needs analysis on how their company will add
value to attract a potential candidate
Incorporate value added services instead of reducing
your fee
a. Compensation Consulting
b. Behavioral-Based Interviewing
c. Assessment and Selection
Never
give a potential client the discount they are asking for.
It makes them feel that they could have gotten you to accept
even less!
Know your
bottom line and never alter. Stay consistent.
In Summary:
#1 Make sure you want the search before talking about the
fee.
#2 Beware of potential clients that demand to know your fee
before doing a complete needs analysis. These clients are
only window-shopping.
#3 Ask those critical questions.
#4 Never give the client the fee they are asking for.
#5 Always sell your process.
Remember,
success is not determined by how hard you work, but how intelligently
your efforts are applied to your goals. Utilize the tools
around you in the best manner possible and you will reach
those goals and beyond.
Gene Rice
and Jeff Cohen are the founders of Rice Cohen International,
one of the 25 largest retained executive search firms in the
country. Together, they have personally billed over $40 Million
in their combined 26 years of experience. To order or learn
more about their training products and services, please visit
http://www.recruiter.com/ricecohen/featuredseminar.cfm
.
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