What is the cost of Change Exchange and what are the payment terms?
Change Exchange is free for employers. Recruitment agencies associated with Change Exchange are charged on a monthly basis or pay 20% commission on each placement fee. This is how we provide a free platform for employers.
The employer is however required to pay the recruitment agency that fills in the job position. However, if an employer does not hire a candidate, the employer does not need to pay anything.
The fee set by you will be sent to you in the form of invoice from our side on the candidate’s start date. We maintain a 30-day payment set-up. We have a Client Trust Account where we hold your fee for a 30 day duration. After 30 days, the fee is passed on to the recruitment agency that provided you the potential candidate for the vacancy.