Contingency Search:
In a Contingency Search, clients pay a fee once a candidate has been offered and has accepted a position with your organization. The majority of Partners in Medical Search's clients work this way.
In a Contingency Search Agreement, upon acceptance of an employment offer, Partners in Medical Search will invoice 30% of the candidate’s first year expected earnings. Invoices are due on the candidate's employment start date.
Engagement Fee:
In many cases, an Engagement Fee, where part of the 30% fee is paid upfront may be an appropriate option. The application of an Engagement Fee allows us to dedicate full-time resources to the sole purpose of filling the position. In cases where time is extremely critical, or the position is particularly unique, this can be an effective method of improving results.
Retained Search:
In some cases, a Retained Search Agreement is the best option. The retained search allows us to dedicate full time resources exclusively to your project, while allowing clients to spread the 30% fee across several payments.
Contract Fees:
The fees paid by clients for contract staff allow us to cover the costs of unemployment insurance, taxes, and benefits and other employment costs. Each contract agreement is unique and dependent on a number of factors; your account manager will work with your organization to determine the best possible arrangement.
Guarantees:
In the event the candidate leaves the company of his/her own accord or is terminated for cause within the first 60 days of employment, Partners in Medical Search will replace the candidate free of charge. If the candidate is terminated without cause or if the employment agreements relative to salary or job description are not honored the guarantee is void. It is our policy that fees are not refundable.
