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  RETAINED VS. CONTINGENCY

RETAINED CONTINGENCY
Focus on sourcing the most qualified passively seeking candidates Focus on finding hireable candidates that are commercially available through job boards and classified ads
Fee paid to search firm by the employer during search process Fee contingent on the successful placement of the candidate
Exclusive assignment with client ensuring focus, sense of urgency and attention to client needs Typically not an exclusive contract arrangement with client
Salary level $80,000+ Salary level $30,000 - $80,000
In depth analysis of client business drivers, competitive landscape, corporate culture, specific objectives and overall strategic plan Exclusive reliance on client in needs assessment and job requirement generation
Provides client with a comprehensive candidate analysis including: structured interviews, references, background check, leadership profile and in depth analysis Forwards resume and perhaps a brief on a candidate
Exclusive opportunities offered to a candidate Candidates exposed to many opportunities
Confidentiality is guaranteed Confidentiality could be at risk
Presents 3-6 qualified candidates with the initial burden placed on the search firm to filter Will send numerous candidates to client
The burden is placed on client to filter
Manages closing process and negotiations between parties Potential conflicts between firms or firms/clients, candidates presented to multiple organizations
Search firm assures "off-limits" policy with client companies Some contingency firms will recruit from their clientele due to the nonexclusive relationship
Search consultant is typically a seasoned professional with a good deal of personal depth in the disciplines / industries served Recruiter is a sales professional without a great deal of depth in the discipline / industry served
6 month guarantee on the placement of the candidate Typically 30-60 day guarantee
   
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