An agency tries to find the best job candidates for the client.
An agency client agreement is a contract between a company or other incorporated entity and an employment firm. The employment firm or agency provides potential job candidates to the company for temporary or contract work. This agreement outlines the business relationship between the parties.
Payment
In consideration for referring a successful job candidate to the company, the agency earns a percentage of the candidate's hourly earnings. The agreement typically designates when the payment is due.
Contingent Payment
The agency may earn a contingency fee in the event the company offers the contractor full-time employment and the contractor accepts. If this situation occurs, the agency usually earns a one-time percentage of the contractor's base salary.
Confidentiality Clause
The agency may come into trade practices and confidential information in order to find the most suitable job candidates. In so doing, the agency agrees to maintain confidentiality with the company.
Exclusivity
Depending on the contract language, the agreement may stipulate that the agency may be the exclusive source for finding job talent on behalf of the company.
Tags: employment firm