Your business model is one of the most important factors concerning the operations of your platform. It defines the way in which your platform will deliver value to your customers!

The platform currently supports 3 different business models - Fixed Take Rate, Variable Take Rate and Fixed Success Fee. Let’s take a look at each in more detail!

Fixed Take Rate business model

With the fixed take rate business model, you (the Internal team) decide the rate candidates will be paid and the rate clients will be charged. This means that candidates receive a fixed pay and clients are billed a fixed rate. The difference between the client’s rate and the candidate's pay would be your profit.

Variable Take Rate business model

The variable take rate means that the amount your platform receives is a percent margin, and there are several options for how the % is calculated. The variable take rate can be configured based on the bill rate your internal team sets. This means that if the bill rate for a given job type is $50 and your percent take rate is 10%, the candidate’s pay rate is $45. You could also give your clients the option to edit the rate they will be billed (with a minimum, of course!). The platform would then deduct the necessary fees and the remaining is paid to the candidate. So, if a client is willing to pay more, let’s say $60 an hour, the candidate would correspondingly get paid $54.

There is also the option for your platform to adaptively choose whether the rate will be driven by the jobseeker or by the client, depending on what would provide the highest pay rate for the jobseeker.

Fixed Success Fee

With the fixed success fee, the platform charges the client a fixed rate (that is set by your Internal team) for every shift that was successfully filled.