Frequently Asked Questions
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How do I support with FunnelRecruit small businesses?
Just a few organizations mainly control the recruitment industry. These are huge international recruitment companies together with the global job boards. Small agencies do not have a chance to exist because of the enormous advertising costs. Recruiters use our platform Funnelting to work smarter, faster and with almost no expenses. And because of your business, they have opportunities to build their small business.
Why should I use FunnelRecruit?
With our 7% recruitment fee , you save up to 70% of your recruitment and HR costs.
Do I get qualified candidates?
The recruiters are trained to source for the best candidates. During the first month, recruiters need to follow necessary trainings in order to get access to FunnelRecruit.
What does placement guarantee means?
When a newly hired candidate decides to leave the company within the first 60 days of employment, we will refund the placement fee in full. This applies for; voluntary leave, no-show or gross-misconduct.
What is placement fee?
When hiring a submitted candidate, the recruitment fee (placement fee) is 7% of the annual offered salary. For example, a candidate accepted a job offer with a $25K annual salary (excluding bonuses and other incentives). In this example, the recruitment fee is $1,750.
Placement Fee for Temp employees or with hourly salary?
When you hiring a Temp-Employee or an employee with an hourly contract, the calculation goes as follows.
For Example
Hourly salary €20 based on 20 hours per week. €20 x 20hours =€400
€400 x 52weeks = €20.800 year salary. The recruitment fee is then 7% from €20.800 = €1.456
The minimum recruitment fee is €1200 If above calculation is lower then the minimum recruitment fee, then you need to set the salary ranch min-max at €17.200
For Example
Hourly salary €20 based on 20 hours per week. €20 x 20hours =€400
€400 x 52weeks = €20.800 year salary. The recruitment fee is then 7% from €20.800 = €1.456
The minimum recruitment fee is €1200 If above calculation is lower then the minimum recruitment fee, then you need to set the salary ranch min-max at €17.200
When do I need to pay the placement fee?
FunnelRecruit (Funnelting Technologies B.V.) is collecting the fee on the 45th day of employment. The money stays in escrow until day 60. If the candidate leaves the company within the first 60 days and you are eligible for the placement guarantee, you will get a full refund. If the candidate is at work, we will transfer the fee (minus the FunnelRecruit Fee) to the recruiter.