Executive Placements
Our fees for Executive Placements will be a percentage of the total annual remuneration package and shall be charged as follows:
Packages up to $50,000 are 14%
Packages from $50,001 to $80,000 are 16%
Packages from $80,001 are 18%
The total remuneration package will include the annual salary, superannuation and company vehicle the client. Where applicable structured bonuses will be incorporated in total remuneration package.
Exclusive Retained Executive Recruitment Assignments
One third of the fee (based on the anticipated total remuneration package) will be invoiced upon receiving approval to commence the assignment.
The second third of the fee will be invoiced following the successful presentation of the short listed candidates.
The balance of the fee, based on the final negotiated package, will be invoiced upon the successful offer and acceptance of
the position.
Guarantee for Exclusive Retained Executive Recruitment Assignments
Candidates appointed under an Exclusive Retained Executive Recruitment Assignment Agreement will carry a three month 100% money back guarantee from the date of commencement, providing that all fees have been paid within 30
days of the date of invoice. This is limited to the placement fee and does not extend to advertising expenses or other costs.
Contingent Executive Recruitment Assignments or Referred Candidates
The total fee will be payable upon the successful offer and acceptance of the position.
Guarantee for Contingent Executive Recruitment Assignments or Referred Candidates
Candidates appointed under a Contingent Executive Recruitment Assignment Agreement will carry a three month replacement guarantee from the date of commencement, providing that all fees have been paid within 30 days of the date of the invoice. This will be limited to one replacement.
Executive Search Assignments
The fee for an Executive Search Assignment will be 20%of the total remuneration package.
One third of the fee (based on the anticipated total remuneration package) will be invoiced upon receiving approval to commence the assignment.
The second third of the fee will be invoiced following the successful presentation of the short listed candidates.
The balance of the fee, based on the final negotiated package, will be invoiced up on the successful offer and acceptance of the position.
Guarantee for Executive Search Assignments
Candidates appointed under an Executive Search Assignment Agreement will carry a three month 100% money back guarantee from the date of commencement, providing that all fees have been paid within 30 days of the date of the invoice. This is limited to the placement fee and does not extend to advertising expenses or other costs.
Advertising & Other Expenses
The cost of all display will be charged directly to the client. Internet advertising campaigns, which include emailing in the database, will be charged at $275 including GST per assignment. All other out-of-pocket expenses such as airfares, accommodation, etc will be passed on to the client after initial approval has been obtained.
General Terms of Business
In relation to Assignment guarantees, Buckingham Recruitment must be NOTIFIED IN WRITING within the guarantee period and, if a refund applies, it will be paid to you within 30 days of notification. This guarantee relates to the candidate's competence for the position to which they were appointed and does not cover circumstances that are deemed to be beyond the control of Buckingham Recruitment. Including redundancy because of a company restructure, transferring a candidate to a position that he or she was not initially recruited for, or unlikely events such as death or permanent incapacitation.
Our objective is to identify suitable candidates and provide accurate details on them. However, this is substantially based on information supplied to us by the candidates and, as such, no responsibility can be accepted for errors or omissions or for incorrect conclusions. It is you, the client, who will make the final recruitment decision. Therefore, throughout the process you must ensure that you satisfy yourself as to their competence, qualifications, integrity and suitability for the position.
Our Organisation cannot accept liability, either personal or corporate, for compensation for any loss or damage, howsoever arising, which you may suffer or become liable for as a result or our introduction of a candidate and your organisation's decision to employ that candidate.
Furthermore, should you make an offer to a candidate who has been introduced to your firm by Buckingham Recruitment within a period of six months of that introduction, then you agree to be bound by these Terms of Business and Fee Structure and will be liable for the appropriate fee as outlined above.
Finally, candidates' details are highly sensitive and are supplied to your organization on a strictly confidential basis and may not be disclosed to a third party without the approval of either the candidate or Buckingham Recruitment.
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