Retained Vs Contingency Executive Search:
Choosing The Right Approach
Finding the right executive talent is crucial for the success of any organization. Executive Search firms play a crucial role in assisting companies in identifying and hiring top-level leaders. There are two primary approaches when engaging with executive search firms: retained and contingency executive search. Both methods have pros & cons, and understanding their differences is essential for making an informed decision. In this blog post, we will explore the retained and contingency executive search approaches in detail, highlighting their benefits and providing examples to help you choose the right one for your organization’s needs.
Retained Executive Search
Retained executive search is a comprehensive and personalized approach to finding executive-level candidates. In this method, an organization exclusively partners with an owned search firm to conduct a thorough search for the ideal candidate. The search firm is retained for a fixed fee and works closely with the organization throughout recruitment.
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