Recruiting - Split Fee - Agreement
What is this form?
The Recruiting - Split Fee - Agreement is a legal document that facilitates collaboration between recruiters by allowing them to share candidate placements and fees. It specifically outlines the terms for splitting placement fees between two recruiters, thereby providing a clear framework for referral practices. This agreement is essential for recruiters aiming to enhance their business operations in a legal and structured manner, distinguishing it from standard recruitment contracts that may not include fee-sharing arrangements.
Key parts of this document
- Date of the agreement.
- Identification of the recruiting parties (Recruiter Alpha and Recruiter Beta).
- Terms for referring and accepting candidates, including notification timelines.
- Fee-sharing provisions, stipulating a 50/50 split on placement fees.
- Compliance with local hiring agreements and conditions for refunds or replacements.
- Governing law and dispute resolution through mandatory arbitration.
When to use this form
This form should be used when two recruiters agree to collaborate on job placements. It is particularly useful in situations where one recruiter has candidates that fit a job order held by another recruiter. By utilizing this form, both parties can ensure that they are legally protected and that the split of fees is clearly defined, facilitating smoother transactions and cooperation in the recruitment process.
Who can use this document
This agreement is designed for:
- Recruiters and recruitment agencies engaged in the placement of candidates.
- Healthcare recruiters looking to collaborate on candidate placements.
- Agencies seeking to formalize fee-sharing arrangements in their recruiting practices.
- Business professionals with experience in recruitment who wish to ensure compliance and clarity in their partnerships.
Instructions for completing this form
- Enter the date of the agreement at the top of the form.
- Fill in the names and addresses of both Recruiter Alpha and Recruiter Beta.
- Specify the criteria for candidate referrals and acceptance procedures.
- Define the fee-sharing arrangement clearly, ensuring both parties agree to the 50/50 split.
- Both parties should sign and date the agreement to make it legally binding.
Notarization requirements for this form
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to clearly define the roles of Recruiter Alpha and Recruiter Beta.
- Neglecting to specify the timelines for candidate referral notifications.
- Omitting the agreement on fee-sharing percentages.
- Not having both parties sign and date the agreement for validity.
Benefits of using this form online
- Easy access to the form allows for quick completion and download.
- Editable fields let recruiters customize the agreement to fit their specific needs.
- Allows for secure storage and retrieval of legally binding agreements.
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FAQ
Split Placement refers to recruiting that involves two, usually third party, recruiters who work together to help a client find the best possible candidate.
Recruiters Want You to Land a Job (For Better or Worse) Most recruiters in staffing agencies are paid on commission, earning a fee based on your first year's salary when you get hired. (It doesn't come out of your pay. It's just an added expense for the company who hires you.) This often works in your favor.
From Wikipedia, the free encyclopedia. Fee splitting is the practice of sharing fees with professional colleagues, such as physicians or lawyers, in return for being sent referrals.
What Is the Average Recruiting Fee? The standard recruiting fee for agencies is between 15% and 20% of the first-year salary for a permanent job the recruiter is filling. Some agencies may charge as much as 25% for hard-to-fill roles.
A full desk recruiter gets their own job orders and fills them with their own candidates. Full desk recruiters work alone. They don't rely on salespeople to pull in clients. Nor do they have other recruiters find candidates. Full desk recruiters take care of all recruiting process steps themselves.
Virtually all recruiters are paid by the hiring company, not the candidate.The vast majority of recruiters will never charge you, and if you find one that does, make sure you understand what you're paying for. For direct hire opportunities, the recruiter will usually be paid a fee based on your first year's pay.
Do recruiters take a cut of your salary? Recruiters do not take a cut of your salary. The company the staffing agency places you at however does compensate the recruiter based on a percentage of your first year's salary if the employer and recruiting agency have a contingency agreement in place.
Traditionally, third party recruiting firms are designed so that direct-hire recruiters run a full-desk (i.e. both the client and candidate side), whereas temporary recruiters will typically run a split-desk (i.e. an inside sales person or staffing coordinator works to fill the job order which was generated by an
A Recruitment Agreement is an agreement between two parties where one party (the Recruiter or Recruiting Firm) is hired by the other party (the "Client" company) to identify and present qualified candidates to work with the Client. The Client pays the Recruiter a fee set by the parties.