Question 1

What is engaged search?

Accepted Answer

Enagaged search is really a hybrid of contingent search and retainer search. In engaged search, the client pays a fee upfront (this makes it different from contingent search), but then pays the remaining amount only when the terms of the contract are fulfilled (this makes it different from retainer search). This gets the organisation the attention of the recruiting firm without requiring them to have to pay the whole amount at one go.

Question 2

What is retainer placement?

Accepted Answer

Retainer placement involves the use of retained search to place a candidate in a company. Retainer placement is an alternative term for retainer search.

Question 3

What is executive search?

Accepted Answer

Executive search is an HR function to recruit top-level talent for a company. This generally involves those in the C-Suite such as CMO, CFO, CHRO, CEO and CTO.

Question 4

What is the fee for a recruitment retainer?

Accepted Answer

Typically, the fees for a recruitment retainer are between 15-25% of the new hire’s annual salary. This can be paid at one go or in parts. In case the candidate leaves within a time frame, some retainers offer a free replacement to the client immediately.

Contingency Recruitment

Retained Executive Search Vs. Contingency Recruitment