Contingency medical sales recruiting (that is, where the recruiter does not get paid unless he fills a job) is an extremely competitive industry, in which 90% of the individuals who enter this field fail within the first year.Â This business compares very closely with being a realtor, in that the 90% failure rate for recruiters and realtors is very similar.Â New recruiters have to work for many weeks, or even months, before they may actually place a candidate, and generate income.Â Therefore the fall-out rate for new recruiters is extremely high.
Furthermore, as in real estate sales, the old 80/20 rule certainly applies to medical sales recruiting.Â That is, 80% of the medical sales positions are filled by 20% of the recruiters.Â Why?Â It is because the medical sales recruiters who are successful, stay in the business for many years, and slowly build their credibility and professional relationships with industry personnel over time.Â It is very difficult for a new recruiter to get job orders from sales managers who have developed a long-term relationship with an established recruiter, and may be reluctant to compromise that relationship.
This fact is very important to the job seeker, since choosing who will represent you in your job search may be the difference in finding a new job or not. One quick barometer of evaluating a recruiter with whom you might consider engaging is to ask that recruiter how long he/she has been in business.Â You may also want to secure a sample list of client companies which that recruiter has represented in the past.
In summary, when choosing a recruiter for your quest to find a job in medical sales, do your homework.Â Ask colleagues and seasoned sales managers to recommend several high-quality recruiters with whom they have utilized in the past.Â Choose two or three of these recruiters, and start developing a relationship with them.Â Even if you are currently not seeking a new job, it always pays to have a close working relationship with a few quality recruiters.Â Make this a priority as part of your overall career-building strategy.
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