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Contingency Search
A Contingency search
is a service where-as the client is looking for a full time
employee and has the advantage of not paying a fee until the
position is filled. Our Recruiters will continually provide
candidates until the search is filled or closed. This type of
search is most commonly requested by companies that have small
work loads and are willing to pay a fee agreed upon by both the
Client and the search firm.
 The Contingency Process:
Needs assessment:
The client first defines the need
for the opening and decides to engage the services of a search
firm.
Client acceptance of terms:
Both the Client and the search firm
mutually agree as to the urgency, terms and fee provided by the
client upon successful location and hiring of the Candidate.
Usually the fee to the client is 20% of the annual salary of the
candidate. The payment terms are usually 60 days with a guarantee
of no less than three months.
Time to strategize:
A Recruiter is assigned to the
project who will work very closely with the Client and/or the
Account Manager. They will plan their search strategy in locating
top quality candidates in a timely manner.
Identifying Candidates:
Through preliminary screening
processes quality candidates are identified and contacted.
Qualification:
The candidates endure a series of
phone conversations with the Recruiter and Account Manager prior
to a face-to-face interview with the search firm.
Candidate Presentation:
The candidate is presented to the
Client in email with a short positioning statement summarizing the
qualifications of the candidate for the requirement.
Interview:
Upon agreeing to meet the
candidate, the search firm typically meets with the candidate and
is prepared for his/her face-to-face client meeting.
Offer and Acceptance:
After the face-to-face interview
process the client will choose a candidate. At this time a verbal
offer, followed by an offer in writing is presented to the
candidate. The candidate has a short time frame to accept or
reject the offer. Upon acceptance, the candidate communicates
his/her decision to the search firm.
Customer satisfaction:
Communication is never broken with
Client during and after the process is completed.
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