Choosing the right search firm is important for successful executive recruitment. Two primary models dominate this arena: retained executive search and contingency search. Understanding the differences between these models is crucial for organizations and executives alike.
Retained Executive Search
Unlike small to medium-sized companies, recruitment in larger corporations operates within a more dynamic and fast-paced environment. The scale and complexity of larger organizations demand a strategic and efficient approach to talent acquisition. With this, more corporations are increasingly turning to retained search services to secure top-notch executive talent.
While many businesses have their own in-house HR teams to handle recruitment, there are times when specialized expertise is needed to identify and secure top-tier candidates. This is where retained search comes into play, offering an invaluable extension to your HR team.