GET TALENT! | #34 | Contracts
Ben and Danny break down GLOMO’s five key recruiting contract elements to set the stage for successful relationships and placements. From replacement guarantees to non-solicitations to the elephant in the room, recruiting fee percentages, they explain the philosophy that informs fair contracts for both parties.
00:55 Why are recruiting contracts topical?
01:48 GLOMO’s contracts philosophy
02:20 Simple + clear contracts
03:32 Trust fills the void in contract disputes
05:05 Five key contract elements
05:56 Why include a commencement fee
07:32 The fee drives recruiters to do their best work
09:54 Payment terms demonstrate value in the partnership
11:03 The value behind the recruiting fee percentage
13:33 What is a replacement period guarantee?
13:50 What’s a fair replacement guarantee?
15:25 Why GLOMO specifies one-time replacement
17:12 Non-solicitation clause in a contract
17:58 The reasons behind the contract terms
18:24 Fair for both parties
18:56 Consistent communication
19:33 Being on the same page
20:20 Open to topic suggestions
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