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

09/25/2019 12.02 EST

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....

The Leadership Skills Companies Want

02/12/2013 03.34 EST

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In this year’s Women on Boards report, Philadelphia’s Forum of Executive Women found that while board seats at companies across the region actually dropped, the portion of board seats held by women have increased by nine percent since 2006.  Over the same time period, the number of top executives who are women jumped by 25 percent.   While the progress for female leaders across the country is slow, there is a growing business case for change.  At Salveson Stetson Group, where we place executives in senior-level roles at corporations and non-profits, a number of our clients have expressed interest in hiring more women into senior leadership positions to diversify their talent pool.   What are companies looking for when they are targeting leadership hires, specifically women?   As an executive search consultant, I hear a common “wish list” when identifying talented female leaders.  First and foremost, candidates need to have a proven track record in managing large, multi-site and global teams.  Secondly, they need to have strong talent management skills as well as possess the necessary emotional intelligence to effectively navigate in their roles.  The ability for a leader to juggle all of these responsibilities across a company is a tall order.   Many emerging female leaders continually ask for advice on ways to accelerate their development.  I have highlighted several recommendations that may facilitate being considered for future executive leadership roles:   Take on a stretch assignment.  If your boss is suggesting you move into a...