Trace Recruit Ltd.
Terms of Business
Summary
Trace will find candidates that meet your employment requirements for you to interview – if you like them, you will employ them. You will pay us a fee for successfully introducing you to a candidate that you decide to employ, based on the agreed fee schedule.
We can work on a retained, exclusive or contingent basis. Fees vary depending on the agreed engagement.
Permanent roles:
the first year’s salary plus fixed financial allowances (e.g. car allowance). Payment on success.
Fixed Term Contract roles:
the total salary plus fixed financial allowances (e.g. car allowance) for the contract term (in months). Payment on success
Retained:
staged fees, with up front financial commitment
Interim roles:
calculated at a margin of the total gross day rate invoiced on a weekly or monthly basis
We invoice our fee and ask that you settle it within 14 days of the candidate starting work for you (unless different settlement terms are agreed in writing).
If the candidate you employ leaves within 12 weeks we will refund some of the fee based on the following timeframes and percentages: To be eligible for a refund you have to have settled our fee in line with the agreed payment terms.
0-4 weeks: 75% of the fee is refunded
5-8 weeks: 50% of the fee is refunded
9-12 weeks: 25% of the fee is refunded
More than 12 weeks: no refund
Note: Fees for interim placements (charged as a daily margin) are non-refundable
All fees are subject to VAT.