Eurgh. Crap couple of days. One of our candidates was made an offer 6 weeks ago, accepted it on the spot, but then the client went quiet. They've just had to pull the offer due to approval for the hire not being signed off.
Then this morning I find out that a client we did a massive favour for - split our fee 25:75 in order to let the candidate settle in - has let the guy go 1 day before having to pay us our fee. Also, due to us giving them a bit of room on this, we allowed them an extra 6 months to pay the fee and they've gone and done the dirty on us well outside of our rebate period.
That's about 2 months worth of revenue up in smoke. My colleague, who I've mentioned a couple of times in this thread, is starting to really get the hang of things. However, he's just lost out on two mandates right at the final hurdle through circumstances we couldn't control... and therefore he'll narrowly miss his annual target. One of the interview processes fell apart after the guy accepted the offer but he was due to join through a spousal visa sponsorship... but then right at the end of protracted contract talks his wife got made redundant, and therefore the spousal visa went out the window! Couldn't make it up.
I personally don't care that my colleague misses his target - it was purposefully a difficult target to hit, and he's performing really well - but he's a motivated guy and was really excited about achieving his year one goals.
Quite annoying seeing as we've had a stellar second half to the year.
Then this morning I find out that a client we did a massive favour for - split our fee 25:75 in order to let the candidate settle in - has let the guy go 1 day before having to pay us our fee. Also, due to us giving them a bit of room on this, we allowed them an extra 6 months to pay the fee and they've gone and done the dirty on us well outside of our rebate period.
That's about 2 months worth of revenue up in smoke. My colleague, who I've mentioned a couple of times in this thread, is starting to really get the hang of things. However, he's just lost out on two mandates right at the final hurdle through circumstances we couldn't control... and therefore he'll narrowly miss his annual target. One of the interview processes fell apart after the guy accepted the offer but he was due to join through a spousal visa sponsorship... but then right at the end of protracted contract talks his wife got made redundant, and therefore the spousal visa went out the window! Couldn't make it up.
I personally don't care that my colleague misses his target - it was purposefully a difficult target to hit, and he's performing really well - but he's a motivated guy and was really excited about achieving his year one goals.
Quite annoying seeing as we've had a stellar second half to the year.