Difference between revisions of "Referral fee"
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Revision as of 00:24, 19 January 2019
Referral fee (alternatively known as finder's fee) is a commission paid to an intermediary or the facilitator of a business transaction. This fee is rewarded because the intermediary discovered the deal and brought it forth to interested parties. Depending on the circumstance, this fee can be paid by either the transaction's buyer or seller.
In recruitment
In the United States, either an employer or a recruiter may pay the fee for finding a right employment candidate. For instance, an employer may pay the fee to its current employee instead of paying the placement fee to a recruiter. A recruiter may pay the fee from its placement fee, etc.
