What are executive search services available? The executive recruitment market is a competitive industry, which means that your executive search firm needs to offer the best executive search services to stay ahead of the pack.
What should I know about this?
There are three broad categories of executive searches: retained executive searches, contingency-based executive searches, and contract executive searches. Included search services involve hiring an individual on behalf of a client company for an indefinite period – usually without any guarantee that they will find someone with all the requirements needed by the company. Contingency-based executive search firms typically work on a percentage basis. They will only get paid when they successfully find someone who meets their clients’ criteria. Companies usually use contingent recruiters when filling executive positions that are difficult to fill because of the requirements needed. Contract executive search firms generally work with companies on a project-by-project basis. They will often be hired when an executive position needs to be filled immediately. Still, there is not enough time or resources for contingency searches.
We hope this information has been helpful to you.