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.
Rhode Island Recruiting — Split Fe— - Agreement is a legal contract that outlines the terms and conditions between two recruitment agencies or recruiters who collaborate to find and place candidates for job openings in Rhode Island. This agreement specifies the sharing of efforts, costs, and fees involved in the recruitment process, ensuring a fair and balanced partnership. Different types of Rhode Island Recruiting — Split Fe— - Agreements may include: 1. Permanent Placement Split Fee Agreement: This agreement is used when two recruiting agencies collaborate to fill permanent job positions in Rhode Island. It outlines the commission split between both parties, typically based on a percentage of the candidate's first-year salary, once the candidate is successfully placed. 2. Temporary Staffing Split Fee Agreement: In this type of agreement, recruiters join forces placing temporary or contract workers in Rhode Island. The agreement may specify the sharing of fees based on the billable hours or total compensation received by the candidate during the contracted period. 3. Industry-Specific Split Fee Agreement: This type of agreement is tailored to specific industries or sectors in Rhode Island, such as healthcare, IT, finance, or engineering. It may outline any industry-specific requirements, qualifications, or certifications necessary for the candidates being sourced. 4. Exclusive Split Fee Agreement: An exclusive agreement can be established between two recruiting agencies to work exclusively on certain job openings in Rhode Island. This allows for a more focused approach and ensures that each party's resources and efforts are solely dedicated to filling those specific positions. 5. Non-Exclusive Split Fee Agreement: In contrast to the exclusive agreement, a non-exclusive split fee agreement permits each party to collaborate with multiple recruiters or agencies to fill various job openings in Rhode Island. This type of agreement offers greater flexibility and access to a broader candidate pool. The Rhode Island Recruiting — Split Fe— - Agreement facilitates collaboration and cooperation between recruiters, allowing them to pool their expertise, resources, and networks to identify the best candidates for job opportunities in Rhode Island. It ensures transparency, fairness, and proper compensation for the efforts of both parties involved in the recruitment process.
