A Recruiting (Split Fee) Agreement is a contract between a recruiter and a hiring company that outlines the terms of the recruitment process and the fees associated with a successful hire. The agreement outlines the commission fee the recruiter will charge for successfully placing a candidate in the role, and any associated costs that will be incurred. Generally, the recruiter will receive a percentage of the candidate's annual salary, and the hiring company will pay the recruiter a portion of the fee upfront, with the remaining portion paid after the candidate has been successfully employed for a certain period of time. There are two types of Recruiting (Split Fee) Agreement: Flat Fee and Percentage Based. The Flat Fee arrangement charges a fixed fee for the recruitment process, while the Percentage Based agreement charges a percentage of the annual salary of the candidate.
Flat Fee Recruiting Agreement
Description
How to fill out Recruiting (Split Fee) Agreement?
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