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.
West Virginia Recruiting — Split Fe— - Agreement is a contractual arrangement between two recruitment agencies or recruiters where they agree to share the placement fee earned from successfully placing a candidate with a client. This agreement is commonly used in the recruitment industry to maximize opportunities and expand their networks. In West Virginia, there are different types of split fee agreements that recruiters can enter into, depending on their specific circumstances and preferences. These can include: 1. Traditional Split Fee Agreement: This is the most common type of split fee agreement where two recruiters or firms agree to split the placement fee for a successful candidate placement. The percentage split may vary between parties and is typically negotiated beforehand. 2. Three-Way Split Fee Agreement: In this scenario, three recruiters or firms collaborate to fill a position. Each party receives a percentage of the fee based on their level of involvement and contribution to the successful placement. 3. Contingent Split Fee Agreement: With this type of agreement, the split fee is contingent upon certain conditions being met, such as the candidate staying with the client for a specified period or achieving certain performance goals. If these conditions are not met, the split fee may be reduced or nullified altogether. 4. Priority Split Fee Agreement: This agreement is often used when multiple recruiters submit the same candidate to a client. If one recruiter has an exclusive arrangement or priority status with the client, they may receive a higher percentage of the fee compared to other recruiters involved in the placement process. 5. Geographic Split Fee Agreement: In this arrangement, recruiters in different geographic areas collaborate to fill positions. Each recruiter focuses on their specific region and shares fees with others who refer candidates from their respective regions, enabling them to tap into a broader talent pool and expand their reach. It's important for recruiters and agencies to clearly define the terms and conditions of the split fee agreement, including the percentage split, payment terms, liabilities, and any additional clauses that may be relevant to their business relationship. The agreement aims to establish a fair and mutually beneficial partnership, allowing recruiters to leverage each other's networks, expertise, and resources to increase their chances of successful placements.
