When a hire is made with a salary in a non-USD currency, RecruitiFi determines the conversion rate at the time of payment using the following process:
Conversion at the Time of Hire:
When an employer logs a hire in the RecruitiFi system, the salary is recorded in the employer’s local currency.
At that exact moment, RecruitiFi applies the Google Finance exchange rate to convert the salary into USD.
This converted salary is used to calculate the placement fee and your estimated payout in USD.
Locked-in Rate:
The conversion rate is locked at the time the hire is logged.
This ensures clarity and consistency in payouts, even if exchange rates fluctuate afterward.
Checking Your Placement Fee:
You can review the exact placement fee calculation by clicking "Hire Details" from your Earnings page.
If You Are Paid in a Non-USD Currency:
Your final payout is converted to your preferred currency at the time of payment, using the exchange rate set by the bank processing the transfer.
This ensures a transparent, standardized process while accounting for global currency fluctuations.