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hey guys whats going on my name is Colin LeBeau and Im president here at Fox hire an employer of record platform that helps recruiting and staffing agencies make contract placements here in the United States and today were going to talk about conversion fees and if youre a direct hire recruiter this might be a completely foreign concept to you so I want to talk about what it is what the benefits are and why you might want to do a conversion fee but its pretty simple if you make a contract placement of a candidate at one of your clients they might work there for a certain period of time and then when the client wants to convert them to a full-time employee of their company you would be paid a conversion fee and this is a fee that youre paid to take that employee off your payroll or your employer records payroll and bring them on to the client some of the benefits of it doing a conversion Fee number one is you get to double dip on every place so you get to earn the hourly fee for e