What Are the Differences Between Retained and Retained Executive Recruiters?
Differences Between Retained and Retained Executive
The differences between these two kinds of executive recruiters lie in the way they are paid. Retainers allow the firm to weed through resumes in a deliberate and methodical manner, which is more conducive to the interview process. A retained recruiter knows that they will get paid and can be more selective about the candidates they present, which helps them make an informed decision. They also can keep their clients’ names confidential until late in the search process.
Retained executives are hired by a client company for a specific position. The client pays the recruiter a retainer and the executive is found for them. This type of recruiter is highly selective, but is responsible for placing the creme de la creme. Notable names who have been placed by retained executive recruiters include IBM chairman Lou Gerstner, Kodak’s George Fisher, and NFL Commissioner Paul Tagliabue. However, the average placement is a rung or two lower.
Executive recruiters work on a contingency basis. This means that they do not charge clients until they have found an ideal candidate. Instead, they are paid only when the executive is placed. In this case, the recruiter may only work on a contingency basis. If you want a specific executive, a retained recruiter is a better fit for you. A retained executive recruiter will be more likely to build a relationship with you as the candidate.
What Are the Differences Between Retained and Retained Executive Recruiters?
Retained executive recruiters work on a retainer basis. They are retained by the company for a certain amount of time. Retained recruiters are usually more selective. They are hired by companies to find a top executive. They often have a high percentage of successful placements. Moreover, they have the advantage of obtaining a higher placement percentage. This type of recruiter is also a more expensive option.
Retained executive recruiters work on a retainer basis. They will charge their clients a fee for their services, but they are not on a commission basis. Retained executive recruiters are often employed by a company and are paid regardless of whether the executive is hired or not. They will only charge a small percentage of the candidate’s salary. For this reason, they should be paid by the company.
Retained executive recruiters work on a retainer basis. They are hired by the company. The company pays the retainer fee for the services they render. Retained executive recruiters are the ones who specialize in the top tier of the recruiting industry. A retained recruiter works on a contingency basis when it comes to placing top executives. This type of search firm is specialized in finding financial executives.