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.
The Idaho Recruiting — Split Fee Agreement is a contractual agreement commonly used in the field of recruitment that outlines the terms and conditions between two recruitment agencies or individuals who agree to split the recruitment fees for a successful placement. In Idaho, as in many other states, the split fee agreement serves as a legal document to ensure transparency and protect the interests of all parties involved. It clearly defines the responsibilities and liabilities of each party, detailing the terms of sharing the recruitment fees earned from a joint placement. The Idaho Recruiting — Split Fee Agreement typically includes several key components: 1. Parties Involved: The agreement identifies the names and contact information of the recruiting agencies or individuals participating in the split fee arrangement. It clarifies their roles as the "first agency" and the "second agency" or "splitter." 2. Candidate Placement: The agreement specifies the details of the specific candidate placement that triggered the split fee arrangement. This includes the candidate's name, position, and the client company involved. It also outlines any additional terms related to the placement, such as contract length or probationary period. 3. Recruitment Fee Split: The agreement states the percentage or amount of the recruitment fee that will be shared between the first agency and the second agency. This is typically agreed upon prior to starting the recruitment process and can vary depending on the level of involvement or contribution of each party. 4. Payment Terms: This section of the agreement outlines the payment terms and timelines for the distribution of the split fee. It specifies whether the fee will be split immediately after receipt or upon successful completion of the candidate's probation period. Types of Idaho Recruiting — Split Fee Agreements: 1. Traditional Split Fee Agreement: In this type of agreement, the first agency is responsible for sourcing and identifying the candidate, while the second agency is involved in recruiting, screening, and presenting the candidate to the client. Each agency receives a pre-negotiated percentage of the fees upon successful placement. 2. Joint Recruitment Partnership Agreement: This agreement involves a collaborative partnership between two or more recruiting agencies, where all parties actively participate in the entire recruitment process. The recruitment fees earned from the placement are then split equally among the agencies involved. In summary, the Idaho Recruiting — Split Fee Agreement is a crucial document used by recruitment agencies or individuals in Idaho to outline the terms and conditions for sharing recruitment fees. It ensures clarity, fairness, and professionalism between all parties involved in order to foster successful partnerships and placements.
