Talent Acquisition - Terms & conditions

INVOICE / STATEMENT

  • The above statement is prepared as per the sample salary of the candidates.
  • Amount of the final invoice may vary as per the final salary offered to the selected candidates.
  • Above charges are excluding taxes and will be applicable in your final invoice.

CHARGES

  • One time talent acquisition – No replacement:
      1. We will charge 10% (Ten percent) on the monthly offered salary to selected candidate as a one time talent acquisition fee with no replacement.
      2. Fresher or junior level position: Minimum INR Rs.1500/- (Rupees one thousand five hundred only) or 10% of monthly salary (whichever is higher) Per Candidate.
      3. Senior level position: Minimum INR Rs.3000/- (Rupees three thousand only) or 10% of monthly salary (whichever is higher) Per Candidate.
      4. Higher level position: Minimum INR Rs.6000/- (Rupees Six thousand only) or 10% of monthly salary (whichever is higher) Per Candidate.
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  • One time talent acquisition – 03 months replacement:
      1. We will charge 50% (Fifty percent) on the monthly offered salary to selected candidate as a one time talent acquisition fee with one time replacement within 3 months period from the date of joining.
      2. Fresher or junior level position: Minimum INR Rs.7,500/- (Rupees seven thousand five hundred only) or 50% of monthly salary (whichever is higher) Per Candidate.
      3. Senior level position: Minimum INR Rs.15,000/- (Rupees Fifteen thousand only) or 50% of monthly salary (whichever is higher) Per Candidate.
      4. Higher level position: Minimum INR Rs.30,000/- (Rupees thirty thousand only) or 50% of monthly salary (whichever is higher) Per Candidate.
      5. Non refundable advance payment of minimum fee or 50% of fee (whichever is higher) Per Candidate, and remaining balance amount can be paid within 5 days after candidate joins.

Talent acquisition Terms and conditions:

  • One time talent acquisition – No replacement:
    1. We will provide you 2 options of relevant candidates for each requirement submitted by the client.
    2. We will take 2 rounds of interviews before providing you the data.
    3. Basic Q&A interview and telephonic interview.
  • One time talent acquisition – 03 months replacement:
    1. We will provide 3 options of relevant candidates for each requirement submitted by the client.
    2. We will take 3 rounds of interviews before providing you the data.
    3. Basic Q&A interview, telephonic interview, one on one interview.
    4. We will provide 1 time replacement of candidates, for the same position the previous candidate left.
  • Client has to provide us with a detailed job description, we screen, shortlist and select the candidates as per the job description provided by the client.
  • The HR Manager appointed for the client will be Madcherry’s employee and will be the point of contact for the client.
  • Clients cannot approach or offer any job opportunity to any of Madcherry’s employees while being in contract and also for a minimum of 5 years after termination or completion of contract.
  • Clients cannot approach or offer any job opportunity to any of the candidates (selected, rejected, not joined, terminated, absconded, left the job, not interviewed, etc.) referred by madcherry, without informing and paying the required fee / commission to Madcherry while being in contract and also for a minimum of 5 years after termination or completion of contract.
  • After we get on board with all formalities completed from a client, it will take a minimum of 10 working days to start recruiting candidates as per clients requirements, and a maximum of 90 working days to get the selected candidates on board.
  • Client has to inform us regarding the replacement of candidates through email on official email address, verbal communication will not be entertained.
  • We will take a minimum of 10 working days to start recruiting candidates, and a maximum of 90 working days to get the selected candidates on board. (from the day the client informs) for replacement of candidates.
  • If the replaced candidate’s offered salary is higher as compared to the previous candidate, the client needs to pay the difference amount of fee / commission.
  • Madcherry is not responsible for any non performance, misbehave, theft, rude, or any illegal activity carried by any candidate recruited by madcherry.
  • Client is liable to pay all allowance expenditure done by madcherry.
  • We will charge allowances as per expenditure done on travel & transportation, stationary, food and accommodation, etc.
  • Clients will be charged a penalty of “INR Rs.500/- per day”, if the raised invoice is not paid till the given due date.
  • If the client fails to pay the invoice amount within 15 days from the due date. Madcherry has the right to terminate the contract and discontinue the services.
  • Provided staff will be on the client’s payroll.
  • We are not responsible for candidate selection and joining.
  • Amount once paid is non refundable.