AGENCY PLACEMENT COSTS
In charging the placement costs to clients, we use a straightforward calculation, based on an agency percentage of 10% of Gross Annual Salary (GAS).
Please see the calculation example below, to get a clear picture of how this works.
This calculation is based on a Gross Monthly Salary (GMS) of R10,000
The formula is
GMS x 12 (to get GAS) x 10% (agents commission) = Fee Payable
Therefore, putting actual figures into this equation
R10,000 x 12 (per annum) x 10% commission = R 12,000 placement fee