Recruiting Fee Options for Clients
TWO CLIENT FEE OPTIONS
Phoenix Group International offers two (2) fee options:
Option 1: Traditional Contingency Fee
Option 2: Container Fee - A combination of contingency and retainer fees with an overall fee reduction.
Below are details for the fee structures:
Option 1: Traditional Contingency Fee
Upon completion of filing the recruiting assignment, a contingency fee is applied to the total first year's annualized compensation package, including:
- Base Salary
- Bonus
For multiple placements made within six months of the first placement, a step-down fee schedule will apply with reductions in the fee percentages as additional placements are made. The applies to multiple placements made within six months of the first placement.
No fee is charged unless Phoenix Group International is successful in filling a position.
Option 2: Container Fee:
A combination of contingency and retainer fees.
A $5,000 retainer fee is charged at the start of the search.
Upon completion, a lower contingency fee will be charged for the first year's annualized compensation package, as described in Option 1, will apply. This will be less the $5,000 retainer.
The success fee percentage will be lowered for subsequent hires. This applies for multiple placements made within six months of each other.
The advantage of a container fee for both parties is the mutual commitment made to complete the assignment. In addition, the client fee will be lower than the traditional contingency fee.
Using the container fee structure, if Phoenix Group International is unsuccessful in filling the position, the maximum amount invested in the process is $5,000.
We invite you to contact us to discuss the positions you are looking to fill, and if you have any questions regarding the client fee options.
