Upon hire, RecruitiFi takes a small fee, which varies depending on the country where the hire was made and whether the agency making the hire was introduced to the employer by RecruitiFi. We'll explore those scenarios below.
Legacy Agency Fees (Preferred Agencies)
If you have a Preferred relationship with an employer, the processing fees on your payout will depend on whether the Employer has set your fee as a percentage of the first-year salary or a flat fee.
Fee Based on Percentage Of First Year Salary
When Employers set a Legacy Agency fee as a percentage, RecruitiFi takes a 1 point processing fee.
Example: If the Employer sets a Legacy Fee at 21% and makes a hire for a candidate with a $100,000 first-year salary. The agency will earn 20% or $20,000.
Employers may also set a Legacy Agency's fee as a flat rate for all hires. In this case, RecruitiFi has a processing fee of 5% of the total amount on these placements.
Example: If the Employer sets a Legacy Fee at a flat $10,000, the agency will receive $9,500.
If you were introduced to your preferred employer through RecruitiFi, the Matchmaking Fee outlined in the Community Fees section may still apply to your hires.
If the Employer has designated you with the RecruitiFi Optimized Fee, your placement fee percentage will be determined by the country of the placement.
Please review this chart to see the agency earnings rates in those countries.
If RecruitiFi has introduced you to the Employer, your fee will be determined by the Optimized Fee in your country. RecruitiFi also has a Matchmaking Fee on both sides of the transaction.
The Employer Matchmaking fee can be seen on the chart linked above.
The Agency Matchmaking Fee is calculated as 5% of the total fee, with a max fee of $950.
Example 1: The Employer hires a Candidate with a first-year salary of $50,000. The Agency Earnings in the country where the Agency made the placement are 18%. The fee is $9,000. There is a Matchmaking Fee of 5%, which equals $450. Your final payout is $8,550.
Example 2: The Employer hires a Candidate with a first-year salary of $200,000. The Agency Earnings in the country where the Agency made the placement are 18%. The fee is $36,000. In this case, the Matchmaking Fee at 5% would be $1,800, which is higher than the maximum. So the Matchmaking maxes out at $950. Your final payout is $35,050.
Note: Agency Matchmaking Fees are only applicable to Candidates submitted on or after Aug. 1st, 2022.
Once you are on RecuitiFi you will be able to see your fees in the "My Fees" section of "Payouts"
The fees shown here have any applicable processing and matchmaking fees removed, so the percentages or dollar amounts represent the exact amount you would receive.
The same can be said about the "Est. Earnings" you see on JobCast Cards, these estimates have accounted for the processing and matchmaking fees in scenarios where they apply.
Note, that 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 TDS (Tax Direct at Source), thus this amount will be taken out prior to your payout.