Fair and Transparent Fees at the Interim HR Network
At the Interim HR Network, we aim to provide a fair and transparent recruitment process, which is why we clearly communicate our fixed fee structure from the start.
Our goal is to make sure you always know exactly what to expect, with no surprises or hidden costs.
How Our Fees Are Calculated
We base our fee on 20% of the annualised salary (or equivalent) for any interim HR placement.
- Pro Rata Calculation: For contracts less than a year, we adjust our fee to reflect the length of the contract.
- Extension Fees: If the contract is extended beyond the initial term (up to 12 months), an additional fee will apply.
If you’re hiring on a daily rate, we calculate the fee based on the annualised equivalent salary. This calculation can sometimes be complex, but we always ensure fairness.
We’ll be happy to break down how we’ve arrived at the fee, so you’re clear on the process.
For fractional or part-time engagements, we calculate our fee based on the full-time equivalent salary.
For example, if a role has a full-time salary of £/€ 100,000 but is for 2 days a week, we would calculate the fee based on a £/€ 40,000 full-time equivalent salary.
Fee Breakdown Example
Here’s how the fee would look for different contract lengths and salaries in both £ and €:
Annual Salary Example:
£/€ 80,000 salary for 9 months = £/€ 12,000 fee (20% of the annual salary, pro-rated for 9 months).
Contract Salary Example:
£/€ 55,000 salary for 6 months = £/€ 5,500 fee (20% of the annual salary, pro-rated for 6 months).
Short-Term Contract Example:
£/€ 60,000 salary for 3 months = £/€ 3,000 fee (20% of the annual salary, pro-rated for 3 months).
Daily Rate Example:
£/€ 500 per day for 6 months = £/€ 10,000 fee (calculated based on an annual equivalent salary).
Fractional / Part-Time Example:
£/€ 100,000 full-time salary for 2 days per week (equivalent to £/€ 40,000 full-time equivalent salary) = £/€ 8,000 fee (20% of the full-time equivalent salary for part-time engagement).
Why We Do This
- Fairness: We want you to feel confident that you are getting the best value from the work that we do for you.
- Transparency: We break down each calculation clearly and ensure that you know exactly how the fee is determined.
- No Surprises: Our clients appreciate the predictability of our fee structure, which is designed to be easy to understand.
We’re always here to explain the process if anything isn’t clear or if you have specific questions.
Our Terms of Business
We work on a fair and transparent fixed-fee basis, with no hidden costs.
It’s a highly cost-effective way to hire high-quality HR professionals.
Our pricing structure is clear and based on the specifics of your assignment.
You can view how we calculate our fees here.
Connect with Us
Thank you for visiting us at www.interimhr.network
If you would like to connect with us, you can do so here:
Join us on LinkedIn
Follow us on Instagram
Brought to you by: The HR Guys