Shared placement or Split Fee agreements allow one recruiter to match their job orders with another recruiter's candidate in an attempt to make a shared placement with the placement fee money being split between the two recruiters. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Kentucky Recruiting — Split Fe— - Agreement refers to a specific type of agreement commonly used in the recruitment industry. In this arrangement, multiple recruiters collaborate to fill a job position for a client, and the recruitment fee is divided or split among the participating recruiters based on their respective contributions to the hiring process. This type of agreement ensures better reach, increased efficiency, and access to a larger talent pool for both the recruiters and the client. The Kentucky Recruiting — Split Fe— - Agreement can be categorized into several types based on the specific terms and conditions agreed upon by the recruiters: 1. Standard Split Fee Agreement: This is the most common form of agreement where the recruiting fee is divided evenly between the participating recruiters. Each recruiter receives an equal share of the fee, irrespective of their level of involvement or contribution to the hiring process. 2. Weighted Split Fee Agreement: In this type of agreement, the fee is divided based on a predetermined weightage assigned to each recruiter's effort and contribution. The weightage can be determined by factors such as the number of candidates submitted, level of screening conducted, or time and resources invested in the recruitment process. Recruiters with higher weightage receive a larger share of the fee. 3. Specialty Split Fee Agreement: This agreement is applicable when the participating recruiters possess specific expertise or specialized knowledge in certain industries or job roles. In such cases, the fee may be divided in a way that reflects the value added by each recruiter's unique skills. For instance, recruiters with expertise in executive-level positions may receive a higher share of the fee for filling a senior management role. 4. Exclusive Split Fee Agreement: In an exclusive split fee agreement, recruiters mutually agree to work exclusively together on specific job positions. This type of arrangement prevents recruiters from competing against each other for the same candidates and ensures a collaborative effort to fill the position. The fee is divided among the exclusive recruiters based on their agreed terms. Kentucky Recruiting — Split Fe— - Agreements offer a beneficial mechanism for recruiters to expand their network, increase job placement opportunities, and share the workload. By collaborating with other recruiters, they can leverage each other's expertise and resources, resulting in improved outcomes for all parties involved.
