Just wondering what anyone thought about this, would someone hire you if you could give them 10%-20% of your total gross each year for the next lets say 5 years? Therefore, you have an in because the person who is hiring you will get a return on investment for merely making a recommendation.
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This would be the type of practice that sinks firms and results in Department of Labor lawsuits
Maybe, but I would definitely offer up 10%-20% of my salary. Tax free bonus check.
hmm, interesting.. yea no law suits and sinking of the firm
pay NYU to get a good word in from alumni and access to recruiters, or just cut out the middle man.
For real though, I would do it.
For real though, I would do it.
Head-hunting in reverse? Well I think many people would do it. 80% of an income vs. the likelihood of no "good" job (why else would you if that isn't the likelihood?) Good luck finding someone to make that arrangement though. They would be disgraced among their peers since the obvious conclusion is hiring bad applicants.
There was this guy on an actuarial forum (actuarialoutpost.com) who admitted to doing such a thing out of desperation back in '08/'09 to get an actuarial analyst role at a life or causality insurance firm. Given the dismal prospects for graduates in '09, I'm sure many more people took part in such incentive schemes by selling themselves short.
I would do it if I had the opportunity, but it definitely could come back to bite you. First, you have to pay taxes on the money you transfer to the benefactor....so it might be a bit more transparent than you had previously thought. If either party let that slip to the wrong person, you both would likely be ousted by the firm. That could bring many more negatives into the picture.
Like I said initially, I'd do it if I had the chance....providing I put a high value on the opportunity.
I'd pay cash out of every paycheck. This way he doesn't pay taxes on it, and can slowly launder it.
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