Terms of Business
The Agreement
The purpose of these Terms of Business is to communicate the agreement between FTS Resourcing PTY Ltd (FTSR) and the Customer.
Clarification of Services Provided
FTSR provides a specialised recruitment service with the aim of sourcing, screening and introducing candidates to match pre-qualified job requirements.
On engaging FTSR, a fee will be due and payable, by the Customer, should any candidate or candidate related entity introduced by FTSR, be engaged, in any capacity be it contract, temporary, permanent or through the purchase, merger or acquisition of an associated business of that candidate, within 6 months of the original introduction made by FTSR.
If a candidate introduced by FTSR is known to the Customer through any means of personal or social network (i.e. LinkedIn, Internal database etc.) and has not been approached by the Customer for this position, then the candidate will be deemed to have been introduced by FTSR with a fee due and payable as per the fee and payment terms set out in this document.
The fee for services covers, amongst other things, previous work undertaken by FTSR to establish and grow a base of specifically qualified candidates, within given fields of expertise. Where possible FTSR will present pre-screened candidates for interview selection, and will ensure that these candidates have been qualified around experience, remuneration and availability, and have been briefed in accordance with the job details provided, either verbally or in writing, by the Customer.
Should the Customer, through their own internal selection process, deem a candidate introduced by FTSR suitable for employment and subsequently extend an offer of employment to the candidate and that candidate accepts the terms of employment and commences working with the Customer, a fee for services will be due and payable as per the fee and payment terms set out in this document.
Should any candidate, introduced to the Customer by FTSR, commence employment with the Customer, within 6 months of an introduction through FTSR, and remain in employment for any period of time, including any time within the probation period, a fee for services will be due and payable as per the fee and payment terms set out in this document.
Failure to settle an invoice within the payment terms set out in this document will instantly void any guarantee or replacement commitment.
Any enquiry, request for information or interview request relating to any candidate details provided by FTSR shall be deemed as acknowledgement of these terms.
- Remuneration up to $90,000 pa 15%
- Remuneration $90,001 – $120,000 pa 18%
- Remuneration $120,001 – $150,000 pa 22%
- Remuneration $150,001 – $180,000 pa 25%
- Remuneration $180,001 pa and above 30%
- 1/3 upon entry into this agreement (with the Permanent Placement Fee being based on the estimated TRP of a successful candidate (Estimated Fee));
- 1/3 of the Estimated Fee upon submission of a short-list; and
- 1/3 of the Permanent Placement Fee upon entry by the successful Candidate into the Employment Agreement with the Customer (with any necessary adjustment made, at this point, to the payment to take into account any difference between the Permanent Placement Fee and the Estimated Fee so that the Customer pays the balance of the Permanent Placement Fee
- Time worked on contract Percentage
- 0 – 6 months 0%
- 6 – 9 months 50%
- 9 – 12 months 75%
- 12 months + 100%
A guarantee is provided in the form of a discount redeemable against the cost of replacing the candidate through FTSR. The discount is subject to the tenure of the candidate prior to their termination and based on the original invoice value.
- Candidate leaves within 1st month of employment 100% of the value of the original invoice
- Candidate leaves within 2nd month of employment 50% of the value of the original invoice
- Candidate leaves within 3rd month of employment 25% of the value of the original invoice
This guarantee does not apply to a Replacement candidate. If the Replacement Candidate is terminated for any reason; FTSR has no obligation to find another Replacement Candidate for the role. FTSR will endeavour to ensure the suitability of any candidate introduced to the Customer and to maintain a high standard of service and integrity, but FTSR makes no warranty, express or implied, as to the suitability of any applicant introduced to the Customer. Furthermore, FTSR shall not be liable for any loss, liability, damage, delay, costs, claims or expenses suffered or incurred by the Customer arising from, or concerned with, the recruitment or engagement of any candidate by FTSR, howsoever arising.