Axis Consulting (9344) · RiskMitigated
Refunds of placement fees when candidates leave voluntarily soon after joining
First written in FY2023. 1 of 2 entries say "Mitigated", first in FY2024. Latest entry: FY2024.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Risk of Placement Fee Refunds Due to Early Resignation After Recruitment PlacementA theme 12 companies write about · 12 as a headwind · 0 as a tailwind
2 other companies' latest entry also says "Mitigated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2024MitigatedAnnual report
「To address this risk, we propose a career path extending beyond the next job change in light of each candidate’s career plan, and work to ensure that candidates can succeed at the hiring company.」
The response is to propose career paths that include the period after the next job change. - FY2023First statedAnnual report
「If a candidate voluntarily leaves the hiring company within a specified period after joining, we have agreed to refund part of the placement fee. If early voluntary departures increase for any reason, higher refunds could affect our Group’s results.」
The refund clause in executive search contracts and the possibility of higher refunds from more early departures are identified as risks.