Tuesday, May 20, 2008
Recruiter Compensation
I dug around some more last night regarding the DOJ's investigation into recruiting compensation. It looks to be centered around whether their recruiters receive compensation on the number of students they enroll (ie. a commission).
Amy Junker, an analyst from Robert W. Baird mentioned that this was probably a routine matter and that such claims are hard to prove, thus presenting a buying opportunity.
The only thing coming out of DeVry's Investor Relations department reagrding these matters,
"As part of our long-standing commitment to quality and integrity, we believe that DeVry's recruiter compensation is structured in accordance with all governing rules and regulations," said Daniel Hamburger, president and chief executive officer of DeVry. "Since 1982 DeVry has had a comprehensive compliance program to ensure adherence with federal and state regulations and standards. These measures include dedicated regulatory and compliance personnel, standardized policies and procedures, and a system of internal quality control and audit. We look forward to demonstrating to the Government the strength and effectiveness of our compliance program."
Still watching...
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1 comments:
if they have a compensation plan like they have. How come their plan takes money away from the recruiter is they don't have to many applications each session. This is true and its in there compensation paperwork It claims that if they hit the goal which is currently 10 that they will get a raise. If they dont hit the goal they will take money away from the employee. Why is the justice department dragging its feet It written on paper.
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