There are three types of Suppliers on Candex. All transactions are automated so proper balances show immediately in each user's account to reflect the appropriate allocation of Fee per the following detail.
Anne Williams of W Associates fills a Regulatory Affairs Manager for EDAC Pharma with a base salary
of € 60,000 / annum and a fee of 25% of salary.
|Payment Schedule *||Fee||% of Fee|
|EDAC pays Candex:||€15,000||100%|
|If Anne is an existing supplier:|
|Candex pays Anne:||€14,550||97%|
|If Anne is not an existing supplier:|
|Candex pays Anne:||€11,250||75%|
|If Anne fills repeatedly with EDAC: **|
|Candex pays Anne:||€12,750||85%|
** This case assumes Anne is not an Existing Supplier.
After a successful placement, Employer is invoiced by Candex on the candidate start date. For Existing and Referred Suppliers, we will make payment within 3 business days of receiving funds from Employer and Employer has total flexibility in setting their own payment terms. For Marketplace Suppliers, we will make payment 60 days after the Start Date assuming funds have been received from the Employer and Employer owes money in 30 days from Start Date.
Customizable Employer Terms:
Each Employer may vary specific parts of their contract for recruitment services by geography and even by Supplier. Details on the contract terms that apply to a particular assignment can be found on each job. Each Supplier must agree to these terms with each candidate that they submit. Below is an example of employer terms that may be displayed.