Retained executive search is recommended for your most important, most committed, confidential or difficult recruiting efforts. The retained recruiting relationship brings your company and our firm into an exclusive partnership in a critical executive recruiting assignment. Retained search, sometimes referred to as “retainer search” is an exclusive working relationship involving a contract and payment of fees at regular intervals during the course of the search project. Retained search is a contract for services and the highest level of mutual commitment to a successful search result.
Requires 1/3 start-up fee (based on candidate’s first-year compensation) to initiate recruitment process. Upon presentation of a ‘short list’ of qualified candidates, the client agrees to pay an additional 1/3 fee. When a placement is made, the client pays the final 1/3 fee on the candidate’s start date. The service charge is 25% – 27% of the first year’s compensation.
We do pass on “at cost” the following expenses: Candidate’s travel to interview at the client, client requested job advertising, background check, degree verification, drug tests, etc.
We do not charge “administrative fees” to cover phone charges, printing, typing, copying, faxing, etc. We view these as normal and customary parts of the service we provide.