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Terms on
permanent (direct) placements:
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a)
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Fee Structure on Permanent Placements
Our placement fee is 25% of the starting
annual salary (excluding bonuses), payable net 30
after the employee’s starting date. |
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b) |
Fee Structure on Temporary-to-Permanent Conversion
There is no fee if the employee has
worked for 12 months or more for you as
our contractor.
Before 12 months, our conversion fee is
25% of the starting annual salary, less
a pro-rated credit for the time already
worked as a contractor. For example, if
the employee worked as a contractor for
6 months and is then converted to a
permanent hire, the fee is ½ of 25% (or
12 ½%) of the starting annual salary. |
Guarantee policy on permanent placements:
Two-tiered guarantee for up to 180 days (6 months)
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a) |
Initial 90 Day Guarantee
If the employee departs due to
either
poor performance or of their own volition
during the first 90 days, we will try to find a
replacement within 60 days. If a replacement that is
acceptable to the client is not found within 60
days, the initial placement fee will be refunded in
full. |
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b) |
Additional 90 Day Guarantee
If the employee leaves of their
own volition
from 91st day to 180th day, we will try
to find a replacement within 60 days. If
a replacement that is acceptable to the
client is not found within 60 days, the
initial placement fee will be refunded
in full.
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FAQs: |
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Q: |
Why do you have two tiers? Why not just a straight 180 day
guarantee? |
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A: |
90 days is plenty of time for a client to
determine whether an employee is performing
to company’s expectations. However, the
client has no control if the employee
resigns between three and six months after
starting. By offering an additional three
months guarantee, we are further minimizing
the client’s risk. Also, there is no
professional pride in collecting a placement
fee if the employee does not even last six
months. |
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Q: |
Do any of your competitors offer a similar guarantee? |
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A: |
None that we are aware of. Not even close.
In fact some of our competitors offer just a
60 day guarantee. It is our intention to
build long term business relationships with
our clients. If you are paying us
a placement fee, we want to ensure the
employee is the right match for your company
for the long term. |
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Q: |
Why 6 months? |
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A: |
Based on our extensive experience, after an
employee has been with a company for 4 or 5
months, the employee is generally committed
to stay with the company for the long term. |
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