Our standard professional fee for conducting an
Executive Search Assignment
is 20% of the successful candidate's total cost to company
compensation for the first year of employment.
Total Cost to Company includes basic cash salary, 13th cheque,
guaranteed bonus, travel allowance, housing allowance, entertainment allowance,
reimbursive allowance, use of company vehicle, free housing, stock / equity,
stock / equity options paid by way of restraint and / or "golden hello".
Any compensation denominated in a foreign currency will be assessed on the Rand
equivalent on the date of engagement of the candidate. This fee will be invoiced
as a non-refundable retainer in TWO instalments. The FIRST invoice (Research
& Shortlist Fee) of 10% will be sent shortly after our services are retained; the SECOND
and FINAL fee of 10% following submission of our candidate shortlist
AND appointment of a successful candidate.
Invoices for our professional services are due and payable upon receipt.
If the successful candidate's total compensation for the first year
is greater than initially calculated levels, the client is invoiced
accordingly at the end of the search. Our invoices will reflect Value
Added Tax which is payable by the client.
Additional monthly retainers may be billed if an unexpected
change in the Position Specification is initiated by someone in your
organisation or where an organisational change disrupts or prolongs
To assure the client of a comprehensive and thorough
search, we include in our evaluation process any potential candidate
for this position whom clients may be considering or may consider, including
current employees. Our fee applies to any candidate our client selects
and hires. If, as a consequence of this engagement, any individual we
have presented as a prospective candidate is employed by you for a different
position within six months from introduction, a fee of 15%
of the individual's first full year's total cost to company compensation
(salary, bonus and incentives) will be due and payable to Ubuntu Associates upon employment.
Ubuntu Associates accepts executive search assignments on an exclusive
and non-contingent basis. If the assignment is cancelled prior to being
successfully completed, our client will be obligated for fees and expenses
incurred to date of cancellation, plus any agreed expenses that have
been incurred since the last invoice and any costs associated with terminating
Our standard professional fee for
is 15% of the successful candidate's total cost to company
compensation for the first year of employment. The Placement Fee is due and payable upon
presentation of invoice, and will follow the appointment of a candidate.
Ubuntu Associates maintains an active quality
programme in an ongoing effort to enhance the services we provide. At
the conclusion of each assignment, we ask our clients to comment on
various aspects of our performance during the course of the search.
This feedback provides valuable insight for us in our continuing efforts
to provide quality services and successful results.
I Our Mission & Identity I Our
Vision & Values I Our Foundation
I Narrowing the gap I Why
choose Ubuntu Associates I Meet our clients I Meet
our candidates I Attention to detail I
Fees & expenses I Who