Benefits of becoming a Licensee
- You get paid upon a successful referral made (Referral Option) or upon an employer successfully hiring your candidate (Placement Option)
- Earn full commissions faster (Referral Option) or earn higher commissions (Placement Option)
- Better cash flow for a sustainable business
- No need to bear risks of unsuccessful placements (Referral Option)
- You get a ready supply of assignments
- No need to do sales and business development
- Easy to start a talent referral business
- You may remain anonymous
- You may do this business while keeping your full-time job
- No need to deal with clients directly
- Your identity may be kept private & confidential
- You get to earn commissions on CV and Contact referrals – 70% of the fee agreed between you and employer.
- You get to earn recurring commissions on the purchases of prepaid credits by Employers referred or signed up by you - please sign up and log into your account for full details.
Definitions
LICENSEES are Recruiters who carry out a business of talent referral on Talentsbay. Licensees can post CV and Contact referrals. Licensees must first register as Affiliates and then apply to upgrade their status within their accounts.
AFFILIATES are Talent or Talent Referrers who register for free on Talentsbay. Any one may register as an Affiliate. Affiliates can post Contact referrals only.
A CV REFERRAL is the posting of a candidate's curriculum vitae.
A CONTACT REFERRAL is the posting of a candidate's Name, Contact Number, Email and a Short Description about the candidate.
REFERRAL OPTION: In this option, an Employer enjoys maximum savings and pays the full referral rewards the moment a referral is accepted. There is no future placement fee applicable.
PLACEMENT OPTION: In this option, an Employer enjoys substantial savings and pays a small flat fee of 10 credits (USD10) when a CV referral is accepted or 5 credits (USD5) when a Contact referral is accepted. The Employer would pay the full placement fee when the referred candidate was successfully hired.
HOW IT WORKS
CV Referral Contact Referral
Requirements
Requirements
You are required to have screened or interviewed a potential candidate, secured his/her consent and interest before presenting his/her CV. When posting the candidate's CV, you must indicate the amounts of rewards you expect by either matching the initial offers made by the Employer or counter-offering with higher amounts.
Accept Counter-offer
Accept Counter-offer
The Employer may accept the CV referral at that fee.
Reject counter-offer
Reject counter-offer
The Employer may choose to walk away from the deal or accept the CV referral based on your last counter-offer.
Referral option
Referral option
You get paid 70% of the agreed rewards 14 days after the transaction.
Placement option
Placement option
You get paid 7 credits, initially, 14 days after the transaction, and 70% of the agreed rewards when the candidate is successfully hired by the Employer.
Warranty
Warranty
Within 14 days after the CV referral is accepted by the Employer, if the candidate’s CV is found to be misleading or falsified, or the candidate is not interested in attending an interview with the Employer, the Employer may claim for a full refund.
Requirements
Requirements
If you refer a suitable candidate, you must indicate the amounts of rewards you expect by either matching the initial offers made by the Employer or counter-offering with higher amounts. You must also provide the following details of the candidate in a Contact referral:-
- Name
- Mobile Number
- A short description about the candidate telling the Employer why the candidate is suitable for the job advertised.
Accept Counter-offer
Accept Counter-offer
The Employer may accept the Contact referral at that fee.
Reject counter-offer
Reject counter-offer
The Employer may choose to walk away from the deal or accept the Contact referral based on your last counter-offer.
Referral option
Referral option
You get paid 70% of the agreed rewards 14 days after the transaction.
Placement option
Placement option
You get paid 3.5 credits, initially, 14 days after the transaction, and 70% of the agreed rewards when the candidate is successfully hired by the Employer.
Warranty
Warranty
Within 14 days after the Contact referral is accepted by the Employer, if the description about the candidate is found to be misleading or falsified, the Employer may claim for a full refund.
How to be a Licensee?
First, you must have headhunting, recruitment or HR experience either with a vendor or an end-user.
If you do, you may proceed to register for Free as an Affiliate first.
Log in to your account and upload your CV
Click the Upgrade button and follow the instructions there.
We will then contact you to verify your background.
If your background is confirmed to meet our minimum requirements, your status will then be upgraded to a Licensee.