DiversityZoom
Referral Program
Turn your network into your net worth with our Referral Program. Introduce a company referral and make a difference while growing your pocketbook!
How it works
Referring a company
Introduce DiversityZoom to a company
Get 20% of the revenue we generate from them in 1st year
See the FAQ section for additional information
Referring a candidate
Introduce DiversityZoom to a candidate
Candidate is hired and you will receive $1,000
You will be paid 45 days from when the offer is signed
DiversityZoom Referral Program FAQ
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For each client you refer, you’ll earn 20% of the total fees they pay to DiversityZoom in their first year of partnership. The net referral fees vary based on each client since the fees paid to DiversityZoom depend on the negotiated contract, type of roles, and total compensation paid to the candidate.Â
Terms
- First year of partnership is defined as 365 days from the execution date of the first search agreement that is signed by the client
- No referral fees will be paid if a company does not execute a search agreement within 6 months of the initial referral
How does the DiversityZoom referral program work?
For each client you refer, you’ll earn 20% of the total fees they pay to DiversityZoom in their first year of partnership. The net referral fees vary based on each client since the fees paid to DiversityZoom depend on the negotiated contract, type of roles, and total compensation paid to the candidate. On average, you can earn between $5,000 – $20,00 for each successful referral.
Terms
- First year of partnership is defined as 365 days from the execution date of the first search agreement that is signed by the client
- No referral fees will be paid if a company does not execute a search agreement within 6 months of the initial referral
What constitutes a referral?
An email introduction between the company contact and DiversityZoom.
How am I paid for a referral?
You will be paid via electronic bank transfer within 15 calendar days of DiversityZoom receiving client payment for a successful search.
How do I join the program?
DiversityZoom must confirm in writing, prior to any introductions, that you are an active member of the program. The referral program can bezchanged or terminated at any time, and will be communicated in writing.
Whats's the ideal customer profile for DiversityZoom?
The following criteria should be true for any introduction:
- Company has the budget to pay for the services of an external recruiting agency
- Company contact is the CEO/Founder or member that has the authority to engage an external recruiting agency
The following criteria typically lead to more productive introductions and subsequence partnerships:
- CEO who need guidance and help hiring since this function requires expertise and time.
- CEO or company leader who doesn’t have the bandwidth to dedicate sufficient time to the hiring process
- Insufficient number of recruiters or recruiters with insufficient experience to support the hiring needs.
The following criteria don’t actually matter that much:
- Company Size & Stage
- Early stage / smaller companies often lack recruiting resources so they look for external recruitersÂ
- Later stage / larger companies may be staffing a new product area or product skill set (e.g. growth, 0=>1) and lack recruiting bandwidth or expertise so they look for external recruiters
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How are the referral fees taxed?
For specific tax advice, we highly recommend consulting with your own tax advisor. However, here’s a general overview of how referral fees are typically taxed:
Since the referral fees you receive from DiversityZoom exceed $600 in a calendar year, we will ask you to complete and submit a Form W-9. This form is used to provide your tax identification number and other necessary information.
After the end of the year, DiversityZoom will issue a Form 1099-NEC to you. This form reports the total amount of non-employee compensation you received from DiversityZoom during the year. It’s important to note that the income reported on this form is taxable, and you should include it when filing your annual tax return.
Remember, the responsibility for reporting and paying appropriate taxes on this income rests with you, the recipient of the referral fees.
Refer a company
Know someone who is a good fit to work with DiversityZoom?
Enter the company’s information and get us in touch.
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