|
Would
you lend a complete stranger $10,000 on a handshake, without a
promissory note or an I.O.U.?
I don't think so.
And yet, recruiters willingly reveal their candidates' names
and contact information -- and even arrange face-to-face
employment interviews -- without any written agreement that
clearly states their fees and guarantees.
We're so happy to play ball with employers, we sometimes
forget to cover our bases. Or worse, we tippy-toe our way
through negotiations, hoping to avoid any sticking points that
might cause stress.
Later, after we've lost our leverage (or our hard-earned
dollars), we blame the hiring companies for our predicament.
But in fact, all they've done is taken what was handed to
them. Fair or not, we only
have ourselves to blame.
To avoid disagreement, confusion or disappointment, I suggest
you protect yourself with a simple, yet effective tool that
keeps your clients on the straight and narrow.
A Fee Agreement, Not a Fee Schedule
Years ago, I used to think that by quoting from my company's
fee schedule, I could lay down the law. Sadly, I learned that
a fee schedule is nothing more than a glorified price list.
Just because you show someone your price list
-- or publish it on your Web site -- it doesn't necessarily
mean than the other side understands or accepts your terms, or
promises to pay you for services rendered.
To protect your investment in time and inventory, always put
your fee and guarantee terms in writing. Assuming the client
has agreed to the conditions, make sure the agreement is
signed by an authorized company representative. A
straightforward, one-page fee agreement is one of your most
powerful business tools you can use, because it:
|
w |
Qualifies the employer. If the other side is reluctant -- or
refuses -- to sign your fee agreement, it either means they have no
interest in working with you, or have no intention of paying you.
|
|
w |
Spells out your terms and conditions. By putting it in
writing, you avoid confusion, and nothing is lost in translation.
|
|
w |
Highlights the sticking points sooner, rather than later. Specific
aspects of your fee or guarantee may require some give-and-take.
It's best to resolve your differences early on, because you have the
most leverage before -- not after -- the company knows your
candidate's name and phone number.
|
|
w |
Demonstrates your professionalism. Amateurs tend to give away
their services, avoid confrontation and fail to establish ground
rules. Is that the impression you want to give?
|
|
w |
Sets the stage for a better working relationship. As Robert
Frost wrote, "Good fences make good neighbors." By
establishing clear boundaries, fair terms and self-respect, you'll
level the playing field, and help make the game more pleasant for
everyone.
|
I operate under the assumption that everyone I work with will play
by the honor system. But just in case, I require that all clients
sign my fee agreement before any candidate contact information is
revealed.
While I acknowledge that not all agreements are legally enforceable,
I also know that without them, I'm totally defenseless against those
whose memory might fail them, or who might try to take unfair
advantage. And besides, a written agreement helps me get a better
night's sleep.
(c)2005 BillRadin.com, All Rights Reserved 4486
Chestnut Creek Drive
w
Cincinnati, OH 45244 Customer Care: 800-837-7224
info@billradin.com |Privacy Policy | Terms of Use
Visa, MasterCard, American Express, and Discover card accepted.
Site Map
© Copyright 2006, BlackDog Recruiting Software Inc.
PO Box 3004 Crested Butte, Colorado, 81224
Contact us: go4recruitingsoftware@go4.bz
Phone: 970 349 0364
|