Each Facet member sets their own hourly rate. Facet then adds a 15% margin as a service fee to the contractors rate. All rates shown on the pricing page already include the service fee.
The rate a contractor charges is driven by the market and will depend on things like experience level, location, skills, role, etc.
Other contract staffing companies add an astronomical 60%-100% markup to their contracting rates! This is why other agencies will never tell you what their fees are and hide what they are paying their contractors.
Facet uses software and data to efficiently recruit at scale, while still providing personalized, white-glove service to our clients. This allows Facet to be much more efficient than traditional recruiting companies. We use this efficiency to give a much higher percentage of the billings to the contractor. (85% to be precise.) Paying the highest rates on the market allows us to attract the best talent in the industry.
Contractors are paid more and clients pay less while getting better talent. Everybody wins!
Yes. Most Facet members are willing to negotiate their hourly rate. However, the starting rates listed above are the lower bound of what you should expect to pay at each level. For example, the median rate for a Senior Software Engineer is around $165/hr in the US. Your Facet recruiter can help give you an idea of what you should expect to pay for your ideal candidate.
The chart below shows the distribution of rates customers are currently paying for Facet contractors. Note: Because we only recently added the Mid-level tier, the chart below is skewed toward the rates paid for Senior and Principal Engineers.
No. We offer our best possible pricing up front. It's part of our commitment to transparency in recruiting.
Yes, you can convert a contractor to a full-time salaried employee at any time.
If the contractor is converted to a salaried employee during the first twelve months on contract, there is a conversion fee (see the table below). If the contractor is converted after completing twelve months on contract there is no conversion fee.