Retained and Engaged Search agreements set forth agreed upon expectations, responsibilities and outcomes between the client and search firm. This includes a special fee and payment structure, as well as a guaranteed timeframe for delivery of candidates and the hiring process. Most often these searches are performed on an exclusive basis by just one search firm.
Dedicated Firm Focus.
n return for exclusivity and an engagement or retainer fee, a majority of the firms resources and time are dedicated to fulfilling the contractual agreement, i.e., finding the right candidate and assisting through the hiring process as soon as possible and within the timeframe agreed upon.
Creates An Allure For Top Candidates.
W hen a company hires one firm exclusively to recruit and attract candidates to a position(s), it surrounds the opportunity with prestige and authenticity. Exclusivity creates credibility for the recruiting firm and eliminates the possibility of scaring away good candidates when they begin to receive several calls and emails from different recruiters about the same position. Also, clients avoid the awkward position of receiving the same candidate submission from multiple recruiters.
Our Risk Reward Advantage.
e reward clients for sharing some risk when hiring our firm on a retained/engaged basis and paying a portion of our fee up front. The fee for our Retained or Engaged Search is significantly lower than our Contingency fee. Additionally, the guarantee for these searches are considerably longer than the standard industry guarantee period.