FEE STRUCTURE
Fees Defined for all levels of search and recruitment: Please read our Summary of Agreement below. And feel free to contact us if you have any questions.
RETAINED FEE STRUCTURE
It takes a real partnership to get results that work. Our experience tells us that clear, open communication and agreement between the client and Genomics HeadHunters, helps create the kind of synergy required for successful search and placement.
Our Retained fees are flat, fixed, milestone-driven and less than the much larger nationally recognized firms.
Bottom-line: We must deliver to earn our fees. Read our guarantee below.
Summary of Agreement:
Guarantee Period: Yes, position dependent.
Flat Fee Defined:
Our flat fee is determined by the mid-point of the total cash compensation range, never changes based on hire-in salaries and total compensation fluctuations, and is a true win-win.
Example: Total cash compensation range: $150-$250K. Mid-point is: $200k; flat fee is based on $200k @ 33-1/3% of the total compensation range, and never changes regardless of a higher salary.
Exclusive Search:
The client agrees not to give the assignment to another search firm, or hire through any source other than Genomics HeadHunters, during the exclusive period. If you hire a candidate from another source during the course of the exclusive period, Genomics HeadHunters shall be remunerated its total search fee. The exclusive period begins when you have signed the Summary Agreement, made the first retainer payment, and instruct Genomics HeadHunters to begin the search. If Genomics HeadHunters and the client agree to continue work beyond the exclusive period, a new exclusive period will begin (no additional payment). The process can be repeated as often as the client requires.
Costs and Expenses Advanced:
If there are additional expenses, Genomics HeadHunters will advance the client the costs and expenses associated with the search. Costs and Expenses includes, but is not limited to: Genomics HeadHunters travel; candidate travel; food and lodging; or reference checks which go beyond normal verification. You will receive an itemized list of the expenses on a monthly basis that are payable upon receipt. Costs and expenses are in addition to the search fee. All travel will be pre-authorized by client and all arrangements will be made via clients travel department prior to any related travel.
Client Collaboration:
The client agrees to make principals and other personnel available for telephone conferences or candidate interviews when scheduled. You (client) also agree to supply a complete and accurate job description, including compensation and benefits and annual reports. These elements will contribute to the achievement of a successful and timely outcome for search and placement of the appropriate candidate.
Guaranteed Performance:
Genomics HeadHunters guarantees that any candidate you hire under the terms of this agreement will not terminate employment voluntarily, or be discharged due to misconduct or unsatisfactory performance (determined in accordance with reasonable standards), during the course of the guarantee period. If the unforeseen happens under these circumstances, Genomics HeadHunters will repeat the entire search process with no additional fees incurred by the client, except for costs and expenses. This is your exclusive remedy under your guarantee. You will not be entitled to a refund of fees, costs or expenses. Genomics HeadHunters shall not be liable for any compensatory, or other, damages resulting from employment of the candidate.
The client agrees to deny any claim to refund of fees, costs and expenses under these conditions:
1) Contracting with any sources, other than the Genomics HeadHunters, for search and placement of the position
2) Principals and other personnel are unavailable for telephone conferences and candidate interviews
3) Provide a complete and accurate job description, if compensation and benefits are not available; or the search is cancelled before the exclusive search period has expired.
The client agrees to sign a new agreement and pay an additional fee if the position or job description changes materially. The client agrees to compensate Genomics HeadHunters for the entire search fee plus expenses previously agreed upon, under these conditions: Any candidate who is hired as a result of a Genomics HeadHunters referral, within two years of the date upon which the client was advised by Genomics HeadHunters of the candidates' availability. This includes any subsidiary, affiliate or related company of the client.
Active Guarantee:
Genomics HeadHunters' guarantee's will remain active for as long as the client elects to abide by the agreement. The only requirements are these:
1) Final fee payment is made in accordance with the schedule;
2) The final costs and expenses invoice is paid upon receipt; and
3) Notification to Genomics HeadHunters within five working days of the employee's termination.
FEE STRUCTURE:
We customize our services to fit your needs and budget thru our menu of services:
FULL EXECUTIVE SEARCH (milestone driven)
Comprised of the elements of traditional retained search, this option includes face-to-face interviews and written post-interview reports. The fee for this option is 33-1/3 percent of the mid-point of employee's first year's cash compensation, plus direct expenses payable at 3 milestone intervals.
The fee schedule for fully retained search: 1/3 to initiate the search, 1/3 upon interview, and the final 1/3 upon offer acceptance.
I.e. Base range is: $150K-$250K. Mid-point is: $200k(mid-point is $200K).
Our fee is based on $200K as the mid-point, and our fee never changes, even if you offer a higher salary to the candidate, unless the range was grossly understated intentionally.
SALARY RESEARCH
If you are in need of salary range information for any position, Genomics HeadHunters can assist.
The fee for this is typically 1% of the top end of the total cash compensation (Salary plus Bonus), with a minimum $200,000 salary threshold.
CANDIDATE DEVELOPMENT:
We penetrate the market resulting in resumes of qualified prospects, which are then delivered to you. You conduct the initial face-to-face interview and proceed with the selection process when you choose to do so.
The fee amount for this option is position based, and lower than Executive Search.
The fee schedule for this level is half upfront to initiate project and remainder plus any expenses upon delivery of candidate profiles.
UNLIMITED CANDIDATE DEVELOPMENT (Recruitment Process Out-Sourcing/In-Sourcing):
Ideal for national or global expansion. Unlimited hires.
Hire as many candidates as you wish from the candidate slate we provide on a continual basis.
Flat monthly fee for a minimum period of time.
*All levels of service are available for extended periods of time.
RETAINED FEE STRUCTURE
It takes a real partnership to get results that work. Our experience tells us that clear, open communication and agreement between the client and Genomics HeadHunters, helps create the kind of synergy required for successful search and placement.
Our Retained fees are flat, fixed, milestone-driven and less than the much larger nationally recognized firms.
Bottom-line: We must deliver to earn our fees. Read our guarantee below.
Summary of Agreement:
Guarantee Period: Yes, position dependent.
Flat Fee Defined:
Our flat fee is determined by the mid-point of the total cash compensation range, never changes based on hire-in salaries and total compensation fluctuations, and is a true win-win.
Example: Total cash compensation range: $150-$250K. Mid-point is: $200k; flat fee is based on $200k @ 33-1/3% of the total compensation range, and never changes regardless of a higher salary.
Exclusive Search:
The client agrees not to give the assignment to another search firm, or hire through any source other than Genomics HeadHunters, during the exclusive period. If you hire a candidate from another source during the course of the exclusive period, Genomics HeadHunters shall be remunerated its total search fee. The exclusive period begins when you have signed the Summary Agreement, made the first retainer payment, and instruct Genomics HeadHunters to begin the search. If Genomics HeadHunters and the client agree to continue work beyond the exclusive period, a new exclusive period will begin (no additional payment). The process can be repeated as often as the client requires.
Costs and Expenses Advanced:
If there are additional expenses, Genomics HeadHunters will advance the client the costs and expenses associated with the search. Costs and Expenses includes, but is not limited to: Genomics HeadHunters travel; candidate travel; food and lodging; or reference checks which go beyond normal verification. You will receive an itemized list of the expenses on a monthly basis that are payable upon receipt. Costs and expenses are in addition to the search fee. All travel will be pre-authorized by client and all arrangements will be made via clients travel department prior to any related travel.
Client Collaboration:
The client agrees to make principals and other personnel available for telephone conferences or candidate interviews when scheduled. You (client) also agree to supply a complete and accurate job description, including compensation and benefits and annual reports. These elements will contribute to the achievement of a successful and timely outcome for search and placement of the appropriate candidate.
Guaranteed Performance:
Genomics HeadHunters guarantees that any candidate you hire under the terms of this agreement will not terminate employment voluntarily, or be discharged due to misconduct or unsatisfactory performance (determined in accordance with reasonable standards), during the course of the guarantee period. If the unforeseen happens under these circumstances, Genomics HeadHunters will repeat the entire search process with no additional fees incurred by the client, except for costs and expenses. This is your exclusive remedy under your guarantee. You will not be entitled to a refund of fees, costs or expenses. Genomics HeadHunters shall not be liable for any compensatory, or other, damages resulting from employment of the candidate.
The client agrees to deny any claim to refund of fees, costs and expenses under these conditions:
1) Contracting with any sources, other than the Genomics HeadHunters, for search and placement of the position
2) Principals and other personnel are unavailable for telephone conferences and candidate interviews
3) Provide a complete and accurate job description, if compensation and benefits are not available; or the search is cancelled before the exclusive search period has expired.
The client agrees to sign a new agreement and pay an additional fee if the position or job description changes materially. The client agrees to compensate Genomics HeadHunters for the entire search fee plus expenses previously agreed upon, under these conditions: Any candidate who is hired as a result of a Genomics HeadHunters referral, within two years of the date upon which the client was advised by Genomics HeadHunters of the candidates' availability. This includes any subsidiary, affiliate or related company of the client.
Active Guarantee:
Genomics HeadHunters' guarantee's will remain active for as long as the client elects to abide by the agreement. The only requirements are these:
1) Final fee payment is made in accordance with the schedule;
2) The final costs and expenses invoice is paid upon receipt; and
3) Notification to Genomics HeadHunters within five working days of the employee's termination.
FEE STRUCTURE:
We customize our services to fit your needs and budget thru our menu of services:
FULL EXECUTIVE SEARCH (milestone driven)
Comprised of the elements of traditional retained search, this option includes face-to-face interviews and written post-interview reports. The fee for this option is 33-1/3 percent of the mid-point of employee's first year's cash compensation, plus direct expenses payable at 3 milestone intervals.
The fee schedule for fully retained search: 1/3 to initiate the search, 1/3 upon interview, and the final 1/3 upon offer acceptance.
I.e. Base range is: $150K-$250K. Mid-point is: $200k(mid-point is $200K).
Our fee is based on $200K as the mid-point, and our fee never changes, even if you offer a higher salary to the candidate, unless the range was grossly understated intentionally.
SALARY RESEARCH
If you are in need of salary range information for any position, Genomics HeadHunters can assist.
The fee for this is typically 1% of the top end of the total cash compensation (Salary plus Bonus), with a minimum $200,000 salary threshold.
CANDIDATE DEVELOPMENT:
We penetrate the market resulting in resumes of qualified prospects, which are then delivered to you. You conduct the initial face-to-face interview and proceed with the selection process when you choose to do so.
The fee amount for this option is position based, and lower than Executive Search.
The fee schedule for this level is half upfront to initiate project and remainder plus any expenses upon delivery of candidate profiles.
UNLIMITED CANDIDATE DEVELOPMENT (Recruitment Process Out-Sourcing/In-Sourcing):
Ideal for national or global expansion. Unlimited hires.
Hire as many candidates as you wish from the candidate slate we provide on a continual basis.
Flat monthly fee for a minimum period of time.
*All levels of service are available for extended periods of time.
