Retained Search

Recruitment agencies use the term “retained search” to refer to “headhunting,” a proactive recruiting method. This type of recruitment search is a partnership between the client and the recruiter, shortlisting the best and most qualified candidates. Other terms include “engaged search” or “executive hire” but all have the same meaning.

In a contingent search, a fixed price per placement is agreed upon at the start, payable on successful candidate’s start date.

In a retained search, however, a percentage of the agreed price is paid up-front with the remainder payable upon successful completion of the assignment. If the assignment is not completed, the payment is refunded in full.

1. Higher priority level
2. Lower risk of bad hires
3. The best, not the fastest
4. Finding rare skill sets
5. More proactivity
6. Access to better resources
7. More customized
8. Vetted candidates
9. Real time updates
10. Multiple options