Press
A split fee is better than no fee.
Perms Connect - Split Fees Jim - but not as we know them.
Absolutely free to agencies and as efficient as it can be made.
Perms Connect Ltd launches on the 18th June and takes the "Split Fee" concept to a new level.
The Perms Connect concept started with the question "Split Fees are a good idea so when 78% of recruiters say they would be pleased to participate in split fee transactions, why are they not used more?" The answer was a combination of cost, complexity and trust.
It was clear that a combination of difficulty in networking, communication and trust ensuring payments went to the right place were all factors. Agencies that had close bonds or association would trust one another but few others would and so barriers to use existed.
A few split fee networks had been set up around the world but most relied upon up front membership payments or credit purchases and an intermediary invoicing the Job Agency before the Candidate Agency could get paid. Some were also cumbersome to use web sites.
The solution seemed clear. Make it simple. Make it secure and safe. Make it free for agencies to use and you would probably have a winner. On that basis Perms Connect was borne.
Perms Connect allows unlimited posting of jobs and candidates for free. Its software does a lot of clever matching and automated communication and allows agencies to negotiate and record their agreed splits on the web site.
When that is done it invoices the client and collects the money and pays it out in the proportion agreed by the agencies (less a small fee).
How can it be trusted to pay out? Well Perms Connect Ltd is the brain child of those innovators at Cash Simply who have an enviable record of having made payments to thousands of temps and hundreds of agencies correctly and on time. As well as being an approved signatory to Lord Mandleson's recently launched Prompt Payment Code, they have for years also bben supporters of the Better Payment Practice Code and it is no surprise that Perms Connect is signed up to the Better Payment Practice Code too.
For More information on Perms Connect tel 0800 612 4150 or visit www.permsconnect.com