From the course: Hiring a Recruiting Firm
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Contracts and agreements
- Contracts and service agreements. Not very exciting but it's essential that you understand this part of the process. The obvious first question that needs to be answered is do you really need a signed contract to work with a recruiting firm? The simple answer is no. A recruiter does not need to have a signed contract to recruit employees. However it can be to your benefit to clarify details and pricing up front and in writing. A written contract is the only way to verify that you 100% understand the terms of the engagement. This can also prevent negotiating after you are ready to extend an offer. Now, I want to clarify that the contract is between two parties where one party, the recruiting firm, is hired by the other party, you, the company to identify and present qualified candidates for open requisitions. You would then pay the recruiting firm a placement fee for full-time hires and a bill rate for contractors or temp workers hired. There are instances where companies have their…
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