Retaining a search firm to help you locate candidates is an option often best-used in conjunction with an exclusivity agreement, and where a long-term, consultative hiring process is needed.
Retained search firms often focus on the high-level, top-tier management hires needed by an organization. These hires are very strategic and mistakes are too costly to allow.
As the term "retained" implies, a fee is negotiated up-front for the search, and the agency is paid reguardless of it’s success in filling the position. This is directly opposed to contingency recruiting, where fees are collected only upon the successful hire.
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