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.
Minnesota Recruiting — Split Fee Agreement is a contractual agreement between two recruitment agencies or recruiters in Minnesota to split the fee for successfully placed candidates. This agreement is commonly used in situations where one recruiter identifies a candidate, but another recruiter or agency completes the hiring process and successfully places the candidate with a client. In this agreement, the recruiters agree to share the placement fee, which is typically a percentage of the candidate's first-year salary or a fixed amount. The fee is split in a mutually agreed-upon ratio, often based on the level of involvement of each recruiter in the hiring process. There are different types of Minnesota Recruiting — Split Fee Agreements, namely: 1. Traditional Split Fee Agreement: This is the most common type, where one party (the introducing recruiter) refers a candidate to another party (the placing recruiter) who then proceeds to complete the placement. The placement fee is divided according to the predetermined ratio agreed upon in the agreement. 2. Reverse Split Fee Agreement: In this variation, the roles of the introducing recruiter and placing recruiter are reversed. The introducing recruiter completes the placement process, and the placing recruiter splits the fee for the candidate's successful placement. This type is usually used when the introducing recruiter has expertise in a specific industry or niche. 3. Temporary Staffing Split Fee Agreement: This agreement is specifically designed for temporary staffing placements. When one recruiter identifies a suitable temporary worker for a client, another recruiter or agency specializing in temporary staffing completes the placement. The fee for the placement is then divided between the recruiters involved. 4. Exclusive Split Fee Agreement: This type of agreement is more restrictive, where recruiters agree to work exclusively with each other on split fee placements. This ensures that both parties commit to collaborating and building a strong partnership. It is important for recruiters to clearly define the terms and conditions of the Minnesota Recruiting — Split Fee Agreement, including the fee percentage, payment terms, candidate ownership, and the scope of shared responsibilities. By establishing a clear understanding through this agreement, recruiters can mutually benefit from sharing resources and expanding their networks while efficiently serving their clients.
