It is standard practice in Australia for superannuation to be considered part of the first year guaranteed compensation, which is what RecruitiFi bases the fee on. Discretionary bonuses such as sign-on bonuses or stock options that conditionally vest over time would not be included in the calculation. However, superannuation is guaranteed compensation, so the standard practice in the Australian recruiting industry is to calculate the fee off of salary + superannuation.
Is superannuation counted as guaranteed compensation?
Written by RecruitiFi