Welcome to the GrowthX Talent Platform! Before engaging with our services, carefully review and understand the following detailed Terms and Conditions ("T&C"). By accessing our platform, you explicitly agree to comply with and be bound by these terms.
GrowthX provides comprehensive recruitment services to connect you with potential candidates from our dynamic ecosystem to fill your specific job vacancies across product, growth, marketing & strategy functions.
2.1 Client Responsibilities
To facilitate an efficient hiring process, the Client agrees to:
3.1 Fee Structure
For each hire facilitated by GrowthX, the client will incur no placement fee until February 28, 2025. After this date, the client agrees to pay a placement fee of 7.5% of the annual gross salary of each hired candidate. This fee includes both fixed and variable salary components but expressly excludes any equity components, such as ESOPs.
For all roles posted on or before February 28, 2025, no placement fee will apply, regardless of whether the offer is extended or accepted after this date. However, a placement fee of 7.5% of the candidate’s Cost to Company (CTC) will apply to any roles posted after February 28, 2025.
Payment is due within 30 days of the candidate's official onboarding date.
3.2 Late Fee
If payment is not received within the stipulated 30 days from the date of the invoice (which will be the date of the candidate’s onboarding), the Client shall be subject to a late fee. The late fee is calculated at the rate of 18% per annum, accruing from the due date until the actual payment date.
3.3 Payment Obligation
Even if the contract ends, the Client understands they still need to pay the placement fee and any late fees that apply for any candidate hired during the contract period.
In the event of the termination of a hired candidate within 90 days (excluding termination for Cause), GrowthX commits to providing a replacement at no additional cost or a complete refund for the service charge.
4.1 "Cause" Defined: