|
Retained Search
A Retained Search is more of a consulting search
and dedicated partnership vs. a Contingency search.
Fees are achieved regardless of the time it takes to secure the
right candidate. The main difference between the two is with a
retained search we have the opportunity of working a bit more
closely with the company. Typically they are best suited for
senior-level management positions and the bigger challenge is
recruiting the talent from the competition.
Retained
Search agreement:
Retained
searches are one of the highest in priority and best suited for
high level critical openings such as CEO's, COO's, CFO's etc..
We also provide more affordable options for Manager through
C-level searches. These searches are also dedicated but carry a
significantly lesser cost with the same level of service.
Dedicated
sourcing consultants as well as a lead Recruiter is assigned to
your search. The search consultant commits the majority of his/her
time to filling your position and the performance guarantee is a
minimum of two-three quality candidates. These candidates would be
considered quality if they met or exceeded the client company's
requirement and presented within 60 days.
This is
considered a dedicated search and usually the fee is slightly
higher than contingency. The first third of the 25-30% fee is paid
initially to commence the search. The second third paid within
thirty days after the search begins and the final third paid upon
an offer given to the candidate.
|