HR Financial:Terms and Conditions

Conditions of Business of HR Financial, which is acting as an employment agency for the introduction and supply of permanent staff.

In the absence of any express or implied prior acceptance of these Terms and Conditions of Business by the Employer, the employer is deemed to agree and accept these Terms of Conditions of Business by virtue of an Interview, or the agreement to employ an applicant. Interviewing of an HR Financial candidate will constitute an acceptance of these terms and conditions.

The fee payable by an Employer is for the introduction of a Candidate. The word 'introduction' means the presentation in written or oral form of a Candidate by HR Financial to the Employer for potential employment, whether or not the Employer knew of the Candidate previously, unless the Employer was actively considering the Candidate for employment prior to the introduction of the Candidate by HR Financial.

Fees are calculated on annual salaries, at a rate of:

Below GBP£75,000 ………………………….20%
GBP £75,001 and over…………………….25%

Valued Added Tax (VAT) will be charged where appropriate on placement fees at the prevailing rates (currently at 17.5%).
Other local taxes may also be chargeable to the client.
There is no fee chargeable for provision of anonymous CV data, or advertising a post on the HR Financial website. These conditions are subject to prior agreement with HR Financial.

Rates may be varied by HR Financial according to the volume and quality of business. Employers may be costed on an individual basis.

Introductions are confidential and restricted to the individual employer. If the Employer or their representative or employee refers the applicant to any other person, firm or corporation within 12 months of the initial introduction, the introduction fee, as above, will become payable by the original Employer.
The company can accept no liability for damage to property or for any other loss including loss of profits or for any injury to persons arising directly or indirectly from any act or omission of any applicant introduced by HR Financial even if such act or omission is negligent, fraudulent or dishonest.

These Terms and Conditions may only be varied by a Director of HR Financial in writing.

Payment for introductions is payable by the employer on receipt of invoice. Where an invoice from HR China for a candidate is settled in GBP£ against a foreign salary denomiated in another currency (e.g. US$ or CNY RMB), the exchange rate applicable shall be that of the first day the candidate takes up his/her post.

The unsuitability of any candidate should be notified in writing immediately to HR Financial.

In the event of a candidate being made redundant for mutually agreed reasons of unsuitability, HR Financial will, in the first eight week period, refund 12.5% per full week remaining, up to a maximum of 87.5%. A management fee of £250 will be retained.

The interpretation and performance of these conditions will be governed by the law of England.