Hourly vs. Commission: Disrupting the Recruiting Industry (David Windley)
Description
Why did David Windley disrupt the recruiting industry by moving from commissions to an hourly model? In this interview, he reveals how he scaled his firm to $50 million in revenue before selling it. He explains why the traditional 33% commission model is broken for clients and how he implemented a professional services approach instead. David unpacks the terrifying reality of a 75% revenue drop during COVID and how furloughing staff saved the company. He also shares why he spun out a software startup (Hoot Recruit) to build AI agents for sourcing, the truth about whether AI will replace human recruiters, and his #1 rule for leadership: character over competence.Check out the company: https://iqrecruit.com
š CONNECT WITH SEAN
Subscribe: https://www.youtube.com/@seanweisbrot
LinkedIn: https://linkedin.com/in/seanweisbrot
Inquiries: welivetobuild@gmail.com
š CHAPTERS
00:00 - The $50M Exit & The Hardest PartĀ
00:41 - Surviving a 75% Revenue Drop During COVIDĀ
03:11 - Rebuilding to $50M Revenue Post-PandemicĀ
05:54 - Why I Sold the Business (The "Accidental Entrepreneur")Ā
06:06 - Hourly vs. Commission: Disrupting the Recruiting ModelĀ
09:35 - Why the Industry Hates the Hourly ModelĀ
12:42 - How to Generate $50M on Hourly RatesĀ
14:00 - Spinning Out "Hoot Recruit" SoftwareĀ Ā
16:35 - Using AI Agents for Candidate SourcingĀ
19:26 - Will AI Replace Recruiters? (Human in the Loop)Ā
25:30 - AI Bias and Why Humans Are Still NeededĀ
27:26 - The #1 Leadership Rule: Character vs. CompetenceĀ
29:08 - Why Culture Matters More Than Policies
š WORK WITH ME
ā¶ļø Startup Fundraising: https://welivetobuild.com/fundraising
ā¶ļø Sponsor the Channel: https://www.welivetobuild.com/collaborate
ā¶ļø My AI/Automation Agency: https://optimai.ai
š§ LISTEN TO THE AUDIO VERSION
Spotify: https://open.spotify.com/show/68lykxIMOyofZNiWSF4vFx
iTunes: https://podcasts.apple.com/us/podcast/we-live-to-build/id1531994765
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