A lump sum recruitment fee for permanent staff can be quite confronting for many companies wanting to conserve cash flow in the current market. Two solutions that MACRO has available for you are:

1. We can offset the payments over a period of three monthly payments. Unfortunately this means that you lose your placement guarantee with MACRO however,

2. Another way is that you initially put the candidate on as a contractor on our books. When you are ready to put them on your books as a full time employee we calculate how much we have made in profit over the course of the contract and deduct that from the permanent recruitment fee.  This also extends your guarantee period to six months.

Confused? Ok let’s look at an example with some indicative figures.

The recruitment fee for hiring a new employee through MACRO is say $9,300, which corresponds to a $62,000 salary package for the employee.

You engage them as a contractor on MACRO’s books for three months.
The contractor rate that MACRO invoices you for is $62.00 ex-gst per hour worked. During this time they are covered for all insurances and payroll liabilities by MACRO. If they are not the standard needed, you can let them go with no notice period.

At the end of the three months you decide to hire them as a full time staff person. This gives you the MACRO 3 month placement guarantee the day they start as a permanent employee. The recruitment fee due is discounted by the profit that MACRO has made over the 3 months and is now $6,700.

In this example you now have an extra 3 months placement guarantee from MACRO.

You can also pay a higher hourly rate if you like which will reduce the balloon payment at the end, or you can extend the duration of the contractor.

Need further information? Contact us on  (03) 9573 1500