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.
Wisconsin Recruiting — Split Fe— - Agreement refers to a contractual arrangement commonly used in the recruitment industry within the state of Wisconsin, United States. This agreement specifies the terms and conditions between two or more recruiting agencies who collaborate to fill job positions for their clients, while sharing the financial burden and rewards associated with the recruitment process. The Wisconsin Recruiting — Split Fe— - Agreement allows recruiting agencies to leverage each other's expertise, resources, and network to increase the chances of finding suitable candidates for their clients in a more efficient manner. By combining their efforts, recruiters can share candidate leads, job requirements, screening processes, and overall workload, leading to a higher probability of successful placements. The agreement outlines the responsibilities and obligations of each participating agency, including the division of fees, client ownership, and communication procedures. While the exact terms may vary, a typical Wisconsin Recruiting — Split Fe— - Agreement includes the following key components: 1. Fee Sharing Structure: The agreement establishes the percentage or fixed amount of the placement fee that will be shared between the recruiting agencies involved. This fee is usually a percentage of the candidate's first-year salary or a predetermined flat fee. 2. Client Ownership: The agreement clarifies which agency has primary ownership rights over the client and the particular job order. This prevents any confusion or disputes regarding client ownership and ensures that the agencies approach the candidate search process with a unified front. 3. Candidate Submittal Process: The agreement defines the procedures for sharing candidate information between the agencies. It may include guidelines on the format of candidate resumes, interview feedback sharing, and any relevant candidate exclusivity periods. 4. Confidentiality and Non-Disclosure: To protect the interests of each agency and their clients, the agreement may include clauses preventing the disclosure of sensitive information obtained during the collaboration. This ensures that proprietary client and candidate data remains confidential. 5. Payment Terms: The agreement outlines the payment schedule and terms for the shared placement fees. It may include provisions for invoicing, dispute resolution, and penalties for delayed payments. Some variations of the Wisconsin Recruiting — Split Fe— - Agreement may include niche-specific or industry-specific language depending on the expertise of the recruiting agencies involved. For instance, there may be separate agreements for IT recruitment, executive search, healthcare staffing, or temporary staffing. Overall, the Wisconsin Recruiting — Split Fe— - Agreement is a crucial document that enables recruiting agencies to collaborate and mutually benefit from their combined efforts in finding qualified candidates. It streamlines the recruitment process, maximizes reach, and helps agencies deliver superior results for their clients in Wisconsin and beyond.
