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CHSS PRICE & CONVERSION FEE RATE
Contractors are REQUIRED to complete a minimum of 520 hours for clients to receive NO conversion fee charges. Once contractors complete their time & all invoice payments are current, the Employer of Record (EOR) is transferred to the client.
Our charge for this service is a 55% Markup added to the contractor's hourly pay rate (Ex.: A pay rate of $40/Hr. will be billed at a rate of 40 X 1.55 = $62/Hr.).
IMPORTANT: Companies have the option of retaining contractors beyond 520 hours. However, should they wish to retain them sooner, below outlines the conversion fee rate based on the candidate's projected annual salary minus any paid invoice amounts:
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Less than 30 calendar days
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From 31 to 60 calendar days
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From 61 to 90 calendar days
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More than 90 calendar days
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30% of the annual salary
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25% of the annual salary
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20% of the annual salary
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No conversion fee
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