Marketplace Membership
Once approved for membership, there are no start-up costs or monthly fees to participate in the BountyJobs marketplace for either employers or headhunters.
Terms of Use
One central and fair Terms of Use governs the relationship between all parties. It eliminates paperwork, minimizes hassles for both employers and headhunters, and is essential to an efficient marketplace. In order to register, all users must review and agree to the Terms of Use. The Terms of Use are available for download on your BountyJobs account page.
Disputes
Disputes are rare on BountyJobs, but when they happen, we act as a neutral mediator to understand the situation and to work out a settlement between parties. If mediation is unsuccessful, either party can enforce the Terms of Use to the fullest extent permitted by law.
Bounty Pricing
When employers post a job, they choose a bounty (as percent of salary), the amount they will pay the headhunter who finds them the right candidate to fill the job. On the candidate’s start date, BountyJobs emails an electronic invoice for the final bounty. The employer must pay the final bounty to BountyJobs net 30 days. There are no other fees.
Employment Guarantee
BountyJobs covers each candidate placed through its system with a time-limited full cash-back employment guarantee. For bounties 20% of salary or higher, the guarantee is 90 days after start date and for bounties 19% of salary or lower, the guarantee is 60 days after start date. If an employee doesn’t work out during this guarantee period, BountyJobs will refund the full bounty to the employer in cash.
Previously Submitted Candidates
Employers are not responsible for paying a bounty to a headhunter for a hired candidate if they have previously received that candidate from any other source within the last six months.
Non-Solicitation
All headhunters using BountyJobs are prohibited from recruiting employees from any employer with whom they made a placement during the previous one year period.
Confidentiality
All headhunters using BountyJobs are legally required to keep information that they learn from employers confidential.
Bounty Payouts
When headhunters make a successful placement, BountyJobs keeps 25% of the final bounty and delivers 75% to the successful headhunter. Because BountyJobs offers a time-limited guarantee to employers, headhunter awards are deposited in their accounts as pending funds on a candidate’s start date. After 60 days from the start date, the funds will be available for withdrawal. If the candidate does not work out within 60 days of the start date for bounties of 19% of salary or less, or 90 days of the start date for bounties of 20% of salary or more, the headhunter is not entitled to an award. If this occurs after the headhunter has withdrawn the funds, he or she will be responsible for refunding the money to BountyJobs.
Submission Pricing
There is no fee for a headhunter to submit a candidate for a bounty on which he or she is engaged. Headhunters who are not engaged can choose to “take a flier” and send an unsolicited candidate at a cost of 0.1% of the posted approximate bounty.
Candidate Ownership
Headhunters own candidates they submit for a bounty for a period of 6 months from the date they submit the candidate. If this employer hires the candidate during this period for any job, the employer owes a bounty to the headhunter.
Duplicate Submissions
BountyJobs’ system should block duplicate submissions. In the unlikely event that the system fails to block a duplicate submission, the winner of the bounty will be the headhunter who first submitted the candidate, as determined by the time and date stamp on the submissions.
Candidate Representation
Prior to each submission, a headhunter must certify to having the knowledge and approval of the candidate.
*These terms are subject to change by BountyJobs at any time. The information presented here is a summary of BountyJobs’ pricing and Terms of Use. For the complete terms, please see BountyJobs’ Terms of Use, which is available upon site registration.
