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CONTRACT TO HIRE CONVERSION FEE RATE
Contractors MUST work a minimum of 520 hours for clients to receive NO conversion fee charges. Conversion fees are based on, AT MOST, 30% of a contractor's estimated annual salary MINUS any approved work hours and paid invoices by the CLIENT upon the conversion date.
IMPORTANT: Companies can retain contractors for more than 520 hours (or 90 days) at the agreed upon bill rate ONLY and no conversion fee. Below is our standard Contract to Hire % rate of conversion based on calendar days:
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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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