Terms And Conditions

This agreement is made on the ……Date… between Global HR Solution having its registered office at C-19, Second Floor Sec-13, Vasundhra, Haat Complex, Vasundhra Ghaziabad 201012 here in after referred to as “Recruiter” and such expression include its successors and assigns on the ONE PART.

AND

(...... Your Company Name). having its (...... Your Company Name) Address. Hereinafter referred to as “(...... Your Company Name).” and includes its successors and permitted assigns on the

OTHER PART.

Whereas Recruiter is in the business of providing recruitment services in India and has represented to (...... Your Company Name). that it has the requisite experience, expertise, database and infrastructure to identify and provide to (...... Your Company Name)., possible candidates who may be recruited by (...... Your Company Name)., if found suitable.

Now this agreement is witnessed as follows:

1. Appointment – This agreement is effective from ….DATE……….. By signing this agreement Recruiter agrees to provide for (...... Your Company Name). the candidates for the positions specified by (...... Your Company Name). from time to time.
2. Term - This agreement shall remain in force for 1 years from the date of signing unless either party terminate it with one month’s prior notice in writing. The agreement may be renewed for a further period if both parties agreed in writing.
3. Scope - The Scope of Services of the Placement Consultant will cover the following:
   1. The requirement specifications will be given to Recruiter by (...... Your Company Name)..
   2. Recruiter with its special search methodology will identify and check the candidate’s academic and professional backgrounds, skills, and personal characteristics related to the detailed job specification. The recruiter will introduce potential candidates to (...... Your Company Name). for the notified position(s).
   3. Candidates who meet the profile requirements will go through the (...... Your Company Name). selection process.
   4. Offers will be issued directly to the selected candidates and follow-up on joining will be coordinated by (...... Your Company Name). and Recruiter. (...... Your Company Name) will intimate the Recruiter with the complete details of the candidate(s) appointed through viz. Date of joining, Designation and Compensation - CTC of the candidate; maximum within 3 days from the date of his/her appointment.
   5. (...... Your Company Name). will be required to send wise feedback to the candidates against all CVs.
   6. In case any of the resumes sent by the Recruiter to (...... Your Company Name). is already in (...... Your Company Name).’s stock or (...... Your Company Name). has received the same through any other source, (...... Your Company Name). shall inform the Recruiter about the same by email, within 2 days from the date of receipt, else it will be presumed considered from Global Info Solution.
   7. Once (...... Your Company Name). has taken the contact detail of any candidate from the Recruiter or if he/she has been invited for an interview, through our Resource Department, such candidate(s) if selected by (...... Your Company Name). will be in Recruiter’s account exclusively.
   8. Cost of travel of an outstation candidate will be borne by (...... Your Company Name). if agreed upon before the travel takes place.
   9. Service charges are payable even if a candidate is selected and joins(...... Your Company Name). LTD.& its Subsidiaries for any other position than the one he had been originally referred for.
   10. Service charges are payable even if a candidate is selected and joins (...... Your Company Name). LTD. after a lapse of time but within 1 month from the referred date.
4. Fees and Terms:
   1. 8.33% of annual CTC* (*Excluding Incentive, Bonus, Gratuity, Car Allowance and Driver Allowances) Gross will include Basic, HRA, PF, LTA, Medical, Uniform allowance, soft furnishing allowance, Education allowance, periodicals allowance, conveyance and any other remuneration under any other Head which is given as monthly /annual compensation. This will exclude only sales and performance, incentives, and stock options.
   2. Good and Service Tax (GST) [as applicable], other taxes levied by the government which is applicable or imposed by the government from time to time shall be payable by CLIENT & its Subsidiaries.
   3. Over and above, a service tax is applicable on the Service charges, as per Government norms.
   4. The cheque to be issued in favor of "Global HR Solution." against the bill that will be issued to you towards our service charges immediately upon the appointment of candidate(s), payable within 30 Days maximum.
5. Replacement of candidate: It is the responsibility of the Recruiter to provide a suitable replacement (Free of Cost), in case the candidate resigns from (...... Your Company Name). within 90 days from the date of joining.
6. Termination - This agreement may be terminated by either party at any time prior to the completion of the period of the agreement, by giving not less than one-month advance written notice by either party in writing addressed to the other party.
7. Confidential - The Third Party/ Recruiter or its employees shall maintain utmost confidentiality of any information that is classified as confidential by (...... Your Company Name)., that they may come across while working with company. As used in this Agreement, the term Confidential Information includes, but is not limited to product specifications, data, technical know-how, formulae, processes, designs, sketches, photographs, graphs, drawings, samples, prototypes, inventions and ideas, reports, past, current, and planned research and development, strategic information, current, planned manufacturing methods and processes, draft or pending patent applications, and other similar technical materials, however, documented, marketing plans and other business or technical information and any information designated as proprietary or confidential by (...... Your Company Name). All the communications between both parties that are made during the term of this Agreement shall be considered as confidential information.