Wow, that's pretty steep. Maybe that's just a west coast thing.
I don't think most developers realize how much recruiters are getting paid for placements. 25% is pretty standard across US, we're less then that with our flat rate.
Where I live (Ohio) that's 50% of the salary of a developer with 5 years of experience.
This is why we built this product - assuming you are even remotely decent at programming and write code in modern languages, a dev with 5 years of exp can easily be making more then 80K+.
We have several companies right now that are hiring and paying more then that for roles where the developer can telecommute 100% from anywhere in the country. Not only do they pay well but they have really awesome teams.
25% is pretty standard across US, we're less then that with our flat rate.
Fair comment however your flat fee equates to 25% of a $100k role. It doesn't become a viable economic alternative for employers until you reach the $150k mark. If your primary target is CTO level roles then great, otherwise your fee is ridiculous.
I think you might be underestimating the level of pay for developers in a lot of the "big" areas. (SF, Silicon Valley, NYC) I've personally heard of friends (fresh college grads) getting offers anywhere from $70k to $150k.
As a fresh college grad from a non-top tier school in Silicon Valley, many of my friends are making ~$100K/year right out of school. I'm sure people from top tier schools going to Google and Facebook can make double that.
Have you considered the possibility that charging a flat fee instead of a percentage of annual salary makes your service inappropriate for most areas outside of silicon valley or NYC?
I don't think most developers realize how much recruiters are getting paid for placements. 25% is pretty standard across US, we're less then that with our flat rate.
Where I live (Ohio) that's 50% of the salary of a developer with 5 years of experience.
This is why we built this product - assuming you are even remotely decent at programming and write code in modern languages, a dev with 5 years of exp can easily be making more then 80K+.
We have several companies right now that are hiring and paying more then that for roles where the developer can telecommute 100% from anywhere in the country. Not only do they pay well but they have really awesome teams.