Hourly vs. Commission: Disrupting the Recruiting Industry (David Windley)

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----------------------------------------------------------------------------------------------------------------------------📚 NETWORK BEFORE YOU NEED IT (6 LESSONS THAT MADE SEAN $15M)----------------------------------------------------------------------------------------------------------------------------▶ Get my eBook free - https://welivetobuild.com/network-----------------------------------📈 WORK WITH ME-----------------------------------▶ Buy 300 Lessons From 300 Founders: https://welivetobuild.com/300-lessons-ebook▶ Book a Paid Advisory Session: https://welivetobuild.com/book-a-call▶ Startup Fundraising: https://welivetobuild.com/fundraising▶ Sponsor the Channel: https://www.welivetobuild.com/sponsorship---------------------------------------------👀 CONNECT WITH SEAN---------------------------------------------▶ LinkedIn: https://linkedin.com/in/seanweisbrot▶ Inquiries: [email protected]🕒 CHAPTERS---------------------------00:00 - The $50M Exit & The Hardest Part 00:41 - Surviving a 75% Revenue Drop During COVID 03:11 - Rebuilding to $50M Revenue Post-Pandemic 05:54 - Why I Sold the Business (The "Accidental Entrepreneur") 06:06 - Hourly vs. Commission: Disrupting the Recruiting Model 09:35 - Why the Industry Hates the Hourly Model 12:42 - How to Generate $50M on Hourly Rates 14:00 - Spinning Out "Hoot Recruit" Software  16:35 - Using AI Agents for Candidate Sourcing 19:26 - Will AI Replace Recruiters? (Human in the Loop) 25:30 - AI Bias and Why Humans Are Still Needed 27:26 - The #1 Leadership Rule: Character vs. Competence 29:08 - Why Culture Matters More Than PoliciesLeave a Review (it truly helps us grow): https://welivetobuild.com/review Hosted on Acast. See acast.com/privacy for more information.