Retained Executive Search Firm vs. Contingency Search Firm: Understanding the Differences

09/25/2019 12.02 EDT

A retained executive search firm places great emphasis on the search. It invests time to ensure it knows the client’s culture, understands exactly what type of candidates the client wants to consider, and evaluates whether or not a candidate will be a strong cultural fit. It will screen dozens and dozens of candidates and present only a few to the client.
Retained Executive Search Firm vs. Contingency Search Firm:  Understanding the Differences

For staff and lower-level management jobs, a contingency search firm can be a good solution. But for senior-level, high-profile or very important posts, a retained executive search firm will typically make more sense.

One of the biggest misunderstandings in our industry is around the two different types of executive search firms. Although both types of firms help to find talent for an organization, the way they are compensated and how they approach the search are vastly different....