Getting paid on Paraform
Wayne
•
GM, Recruiters
Before receiving any payments, you must first setup a Stripe account through Paraform for us to securely send payments to you.
After connecting to Stripe and adding your desired payment method, you can start accepting and managing all payments within your Stripe dashboard.
If Stripe isn't supported for you, please email us at team@paraform.com and we'll work with you to add your preferred payment method. You don't need to have a payment method completely set up to start using Paraform.
Base hire rewards are a percentage of the candidate's first-year salary. The final reward amount will be calculated after the candidate's offer is finalized and accepted.
You earn base hire rewards when a candidate you submit is hired at that company.
Payments are processed in 3 installments beginning on the candidate's official start date as follows:
Payments will be processed through your Stripe account.
If your candidate leaves the company before any of the installments are due, you will not receive any further payments.
If your candidate leaves after at least one payment is processed, we ask that you perform a replacement search.
Learn more about the payment process through the recruiter agreement you have with Paraform.
In addition to base hire rewards, Paraform rewards you for consistent engagement on the platform. Most rewards are tied to a minimum interview rate to ensure high quality submissions. You can find these bonuses in your Paraform Dashboard.
We know that you send strong candidates but some may just not be a perfect fit for a role. In these cases, we still want to reward you for your efforts.
When you submit a candidate and they reach a pre-determined interview stage specified for that role, you'll receive the corresponding interview reward. You can find these rewards in the rewards tab of every role.
How long does it take for rewards to be paid out?
Rewards are automatically processed and may take up to 7 business days after achieving the bonus to reach your Stripe account.
If 6 or more candidates you submit across all your clients are interviewed in a given calendar month, you'll be eligible to up to $200 in reimbursements for any recruiting software tools that you use.
All you have to do is reach out to your Paraform Partner, and we'll reimburse the billed amount across all your tools up to $200 total through Stripe.
Qualifying tools include LinkedIn Recruiter (full seat, Lite, Sales Navigator, etc.), Gem, Teamable, Juicebox, Recruiterflow, Betterleap, Apollo.io, HireEZ, Seekout, and more. If you have any questions about whether a tool may qualify, please reach out to us and we'd be happy to answer.
As an independent contractor, you will be responsible for paying your own taxes on any earnings from Paraform. A 1099 form will be issued at the end of the year that summarizes these earnings. Stripe helps to automate 1099 tax reporting and filing: https://stripe.com/connect/1099
View the recruiter agreement you have with Paraform here.