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CHSS PRICING & TERMS
Contractors are REQUIRED to complete a minimum of 520 hours (90 Days) for clients to receive NO BUY OUT 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 can retain contractors beyond 520 hours w/o any buy out fee. However, if they wish to retain them sooner than this, the chart below outlines the conversion fee rate based on their projected annual salary minus any paid invoices:
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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 Buy Out Fee
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