TERMS OF BUSINESS
Our standard fee is 18% of the value of the anticipated first year's compensation of any individual or team engaged with our assistance.
For all assignments, we usually agree retainers in advance. Retainers are payable in equal instalments - when we start work and at 30 and 60 days and are not refundable. The retainer forms part of the full fee and, when the successful candidate accepts an offer, a fourth and final fee may be due.
Conditions: These terms apply unless varied in writing by us; they are deemed to have been accepted once we start work on an assignment.
Payment: Our invoices are subject to VAT and are payable within 7 days of the date of invoice. The Company reserves the right to charge interest on unpaid invoices at 4% above the base rate of the Bank of England.
Additional Candidates: When more than one candidate is engaged with our assistance, the standard fee applies to each unless a different fee has been agreed in writing.
Internal Candidates: It is integral to our service, when asked, to consider candidates identified by clients, including internal candidates from our clients' organisations. The source of a candidate does not affect our fee.
Expenses: We recharge monthly for all out-of-pocket expenses including travel and other disbursements. We also charge 5% of the fee for UK assignments and 10% for international assignments to cover non itemised engagement support - post, fax, telephone and other on-line expenses. Where possible, we are willing to agree fixed expenses. Advertising expenses, including artwork and typesetting are payable when advertising is booked, unless cancelled before the deadline.
Cancellations: An assignment may be cancelled at any time but retainers then due are payable plus half of the next retainer payment. If an assignment is cancelled after we have presented a shortlist, the full fee is payable.
Suspension: If an assignment is put “on hold” for over 90 days we will treat it as cancelled for billing purposes and will agree a new fee if asked to restart.
Verification: For the purposes of the Data Protection Act 1998 we are classed as a “data controller”. We cannot accept responsibility for any inaccuracy in candidates' own CVs.
Candidate Confidentiality: Candidate details sourced by us may not be passed to a third party.
Liability: We aim to provide outstanding service and take all reasonable care in carrying out assignments. However, we cannot accept any liability in respect of any act or omission by any candidate introduced by us or arising in relation to an introduction made by us. Any liability we may have in connection with any assignment is limited to the amount of our fee and we shall not be liable to our client for any indirect or consequential loss or damage or any loss of or damage to profit, revenue savings, use, contract, goodwill of business, in each case howsoever caused, including without limitation by reason of misrepresentation (whether made prior to or in this agreement), negligence, other tort, breach of contract or breach of statutory duty.
Guarantee: If a candidate leaves our client within 12 weeks of appointment, we offer a refund of fees on a scale as follows 0-2 weeks employment-refund 80% of fee, 3-4 weeks employment-refund 60% of fee, 5-7 weeks employment-refund 40% of fee, 8-10 weeks employment-refund 20% of fee, 10-12 weeks employment-refund 10% of fee
Law: These terms shall be governed by and construed in all respects in accordance with English Law.
Mike Barnett Human Resources, Telephone & Fax: 01430 425931 Mobile: 07863325805 Email: infohrweb.co.uk
Mike Barnett Human Resources is a trading arm of Human Resources Interim and Consultancy Services Ltd.