Definition of the search: Lotus Partners searches for and selects the best candidates for the position to be filled, considering the complete job description and profile of the ideal candidate provided by the client.
Search and selection of candidates: Lotus Partners undertakes all the necessary steps to attract candidates either through job advertisements, through our network or by direct approach. Lotus Partners then selects the candidates based on:
Presentation of application files: Except for particular cases, Lotus Partners provides for each selected candidate a complete file including a report from the interview, his resume, work certificates and education diplomas.
Lotus Partners gives support to its clients throughout the recruitment process until the candidate’s hiring.
Lotus Partners presents the candidates’ files with the following conditions:
Our fees are based on the annual full compensation of the selected candidate, including the gross annual salary, fringe benefits, allowances and bonuses (sign-on bonus, buyout bonus, or any type of contractual bonus for the current or following year), shares/options, representation fees and allowances (lunch and health insurance).
Our fees are calculated on the candidate’s full annual compensation:
a) Below CHF 120’000/year: 20 %
b) From CHF 120’000/year: 25 %
c) From CHF 250’000/year: 30 %
Variable compensation when the variable components are part of the work contract (such as Salespersons, Relationship Managers, etc.): our conditions are identical to conditions a) to c) above. All variable components relative to the first 12 months of work are considered as well, which include fix salary, contractual commission on assets brought, contractual commission on earnings or returns, retrocession, bonuses, etc.
In the case of a candidate being hired part time, our fees are calculated on the annual base salary equivalent to a full-time activity.
Our fees do not include VAT and are invoiced once the candidate has started to work. They are payable within 30 days.
In case of a mismatch between the hired candidate and the job description or, Lotus Partners will reimburse the client if a break in the employment contract occurs during the first three months of activity, according to the following:
This warranty does not apply, particularly if the job description has been modified after the signature of the contract, if it is an economic dismissal, if the reasons for the breach of contract lie with the employer or in any case if the fees have not been paid on time.
Lotus Partners accepts no liability for the choice and hiring of the candidate introduced by Lotus Partners and for the candidate’s services in his employment. The client bears sole responsibility for hiring the candidate and for the consequences resulting therefrom.
The present Terms & Conditions take effect when an assignment is awarded, either orally or in writing and, in all other cases, upon receipt of an application file sent by Lotus Partners.
These Terms & Conditions shall be governed by and subject to Swiss laws. All disputes and legal proceedings arising out of or in connection with these Terms & Conditions shall be settled exclusively by the competent courts of the Canton of Geneva, Switzerland.
Swiss law applies.