Upon hire, RecruitiFi takes a fee or fees, which vary depending on the country where the hire was made and whether the agency making the hire was introduced to the employer by RecruitiFi.
Your agencies can find the fees associated with a given JobCast in the Est. Earnings or you will be shown the fees in the Fee Acknowledgement section on the candidate submission page.
Payouts may include the following fees:
Processing Fee
RecruitiFi charges a processing fee of 6% of the transaction amount on each agency payout. The employer may cover some or all of this fee in certain situations. You will know this is the case if you see “Shared 50-50” or “Employer Paid” next to this fee.
Example:
Placement Amount: $100,000 salary * 20% placement fee = $20,000
Processing Fee: $20,000 * 6% = $1,200
Placement Amount - Processing Fee = $20,000 - $1,200 = $18,800
Matchmaking Fee
A 14% fee is applied to an agency payout if RecruitiFi provides the introduction to the employer.
Example:
Placement Amount: $100,000 salary * 20% community rate = $20,000
Processing Fee: $20,000 * 6% = $1,200
Matchmaking Fee: $20,000 * 14% = $2,800
Placement Amount - Processing fee - Matchmaking fee = $20,000 - $1,200 - $2,800 = $16,000
Collection Fee
Certain employers require specific collection methods that incur additional fees. If it applies, the collection fee is 2.9% + 30 cents of the total invoiced amount, which is taken from the agency payout.
Example:
Placement Amount: $100,000 salary * 20% placement fee = $20,000
Processing Fee: $20,000 * 6% = $1,200
Invoiced Amount: $20,000 + $960 sales tax = $20,960
Collection Fee: $20,960 Invoiced Amount * 2.9% + 30 cents = $608.14
Placement Amount - Processing Fee - Collection Fee= $20,000 - $1,200 - $608.14 = $18,191.86
Withholding Tax
Some hires may have additional fees that are specific to the location or the Employer. For example, some Employers in India may choose to deduct a 10-20% TDS (Tax Direct at Source). Thus, this amount will be taken out prior to your payout.
Example:
Placement Amount: $100,000 salary * 20% placement fee = $20,000
Processing Fee: $20,000 * 6% = $1,200
Withholding Tax: $20,000 * 10% TDS (Tax Direct at Source) = $2,000
Placement Amount - Processing Fee - Withholding Tax = $20,000 - $1,200 - $2,000 = $16,800