This Fee Schedule is incorporated by reference and governed by the Employer Terms of Service, which contains explanations of defined terms.
Once we have accepted the registration of an Employer, the Employer will be able to make Interview Requests and contact (through the Services) Candidates listed on the Showcase. If a Candidate identified through our Services accepts a Job Offer from you within twelve (12) months of the date on which the Employer first viewed the Candidate through the Services, regardless of whether the Candidate accepted an Interview Request, the Employer will be charged a success fee (the “Success Fee”), which equals 15% of such Candidate’s first year base salary to be paid within fifteen (15) days of the Candidate’s start date.
If we determine that an Employer has circumvented our Site and/or Services after discovering a Candidate through our Site or Service and subsequently hired that Candidate within twelve (12) months of the date on which the Employer first viewed the Candidate through the Services, we will promptly notify such Employer of such circumvention and provide the Employer with thirty (30) days to provide us with reasonable documentation identifying that such Employer was involved in an Active Recruiting Process with such Candidate prior to contacting such Candidate through our Site or Service. In the event the Employer is unable to provide us with such documentation, we will invoice Employer for, and the Employer will pay, a Success Fee equal to 25% of the first year base salary of the prospective employee Candidate or first year contractor Candidate compensation, as applicable and Vettery may, in its sole discretion, terminate the Employer’s account.
We may use a third party payment vendor (“Third-Party Payment Vendor”) to process your payment of the fees described under this Fee Schedule (the “Fees”).
Vettery reserves the right, in its sole discretion, to make changes to any of the Fees and/or begin charging additional fees at any time, either immediately upon posting on the Site or by email delivery to you.
A. CONTRACTOR ENGAGEMENT FEES
In the case of a Candidate hired on a contractor basis (“Contractor Engagement”) within twelve (12) months of the date on which you first viewed the Candidate through the Services, fees will equal 15% of its direct labor rate (as agreed by such contractor Candidate).
In addition to the above fees, in the event that a Contractor Engagement results in the contractor Candidate accepting a Job Offer, the Employer shall pay a Success Fee equal to a percentage of the prospective employee Candidate’s first year base salary (the “Conversion Success Fee”), based on the information outlined in the table below. For clarity, note that the fees charged for the Candidate’s Contractor Engagement will not be deducted from the Conversion Success Fee. The Conversion Success Fee is in addition to any fees earned for the Contractor Engagement and shall be due and payablewithin fifteen (15) days after such Candidate’s start date/conversion.
Hours Worked for Employer
Conversion upfront success fee
Less than 550 hours
More than 1100 hours
B. Subscription agreement fees
Employers accepted into our subscription program will be charged a subscription fee as outlined in their Subscription Agreement for the agreed upon term length (the “Subscription Period”). The fee for subscriptions (the “Subscription Fee”) amount shall be due and payable as set forth in the Subscription Agreement. During the Subscription Period, the Employer will be able to view Candidates, send Interview Requests, contact Candidates (through the Services) and extend Job Offers to Candidates through the Services. Unless otherwise agreed to in writing by Employer and Vettery in such Subscription Agreement, all Job Offers (with the exception of Contractor Engagements) accepted within the Subscription Period will be subject to no additional fees beyond the fee outlined in your Subscription Agreement. Employers who purchase our Services on a subscription basis (“Subscription Employers”) are required to promptly notify Vettery upon a Candidate acceptance of a Job Offer together with the key terms of such Job Offer, including start date for such Candidate (including prompt notification of any subsequent changes in such start date.) Subscription Employers shall provide Vettery with a copy of a fully executed Job Offer. In the event that before the start date, either the Subscription Employer or Candidate elect not to begin the employment relationship contemplated by the Job Offer, the Subscription Employer shall promptly notify Vettery thereof. For the avoidance of doubt, standard Success Fees will apply in the event a Subscription Employer hires a Candidate (a) outside of its Subscription Period, or (b) that is in a category outside of such Employer’s Subscription Agreement.
If you do not agree with any of the provisions of this Fee Schedule, please terminate your account immediately and cease using the Services. YOUR OBLIGATION TO PAY ANY SUCCESS FEES SHALL SURVIVE ANY TERMINATION OF THIS AGREEMENT.
An Employer entering into a Subscription Agreement with Vettery may need to complete a Direct Debit Authorisation Form allowing Vettery to withdraw, debit or charge monthly payments from the Employer’s designated bank or credit card account(s). By accepting Vettery’s Employer Terms of Service, Employer agrees that Vettery is authorised to immediately withdraw Subscription Fees due and payable to Vettery hereunder from Employer’s account and that no additional notice or consent is required. Employer agrees to immediately notify Vettery of any change in its billing address or any account information provided to Vettery used for payment hereunder.