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.
Washington Recruiting — Split Fee Agreement is a contractual agreement between two or more recruiting agencies based in the state of Washington. This agreement details the terms and conditions under which the agencies agree to work together to find qualified candidates for job openings, and share the resulting placement fees. The purpose of a split fee agreement is to enable recruiting agencies to collaborate and leverage each other's networks and resources to fill positions more efficiently. By sharing both the workload and costs associated with the recruitment process, agencies can expand their reach and increase the likelihood of successfully matching candidates with job opportunities. There are several types of Washington Recruiting — Split Fee Agreements, depending on the specific terms and conditions agreed upon by the participating agencies. Some common types include: 1. Standard Split Fee Agreement: This is the most basic type of agreement, where agencies agree to share the placement fee typically on an equal percentage basis. For example, if Agency A refers a candidate to Agency B, and that candidate gets hired, the two agencies would split the resulting fee evenly. 2. Exclusive Split Fee Agreement: In this type of agreement, agencies designate specific job roles or industries in which they specialize. Each agency has exclusive rights to certain positions and agrees to split the fee with other agencies only if they refer a candidate for a role outside their specialty. 3. Time-based Split Fee Agreement: This type of agreement outlines a specific time frame during which agencies agree to honor the referral and fee sharing arrangement. After the designated time period, agencies are free to pursue their own recruitment efforts for the open position. 4. Geographic-based Split Fee Agreement: In some cases, agencies may agree to collaborate based on geographic regions or territories. Each agency would have exclusive rights to refer candidates for positions within their specified region, and they would share the fees if their referred candidates are ultimately hired. It is important for agencies entering into a Washington Recruiting — Split Fee Agreement to clearly define the terms of the agreement, including how fees will be split, the roles and responsibilities of each agency, any exclusivity or time limitations, and other relevant details. By doing so, agencies can establish a mutually beneficial collaboration to optimize their recruitment efforts and provide better services to their clients.
