Contingency Search Agreement Sample

A contingency search agreement is a contractual arrangement between a recruiting firm and a company looking for new hires. In this type of agreement, the recruiting firm is only paid if they successfully place a candidate in the open position.

A sample contingency search agreement typically includes several key components:

1. The fee structure: This outlines how the recruiting firm will be compensated for their services. Typically, this is a percentage of the new hire’s first-year salary.

2. The scope of the search: This section outlines the specific role the recruiting firm will be filling, including any required qualifications or certifications.

3. The timeline for the search: This includes important deadlines for submitting candidates, scheduling interviews, and making a final hiring decision.

4. The candidate sourcing strategy: This outlines how the recruiting firm will go about finding suitable candidates for the open position. This could include job board postings, direct outreach, or social media outreach.

5. The selection process: This outlines how candidates will be evaluated and selected for consideration. This could include phone screenings, in-person interviews, and reference checks.

6. The hiring decision: This outlines who will make the final decision to hire a candidate.

7. The guarantee period: This section outlines the period of time during which the recruiting firm guarantees their candidate’s performance. If the candidate leaves or is terminated during this time, the recruiting firm will source a new candidate at no additional cost.

When working with a recruiting firm, it’s important to have a clear understanding of the terms outlined in a contingency search agreement. This can help ensure that both parties are on the same page and that the hiring process proceeds smoothly. By reviewing a sample contingency search agreement, you can get a better idea of what to expect and how to negotiate terms that work for your organization.