CONTINGENCY SEARCH
A contingent search is when the search firm is paid only upon the successful completion of the search --
typically when the candidate accepts the position, thus shifting the search risk almost entirely to the
search firm. The fee is paid by the hiring company. Contingent search firms generally rely heavily on
their contacts. Clients often prefer to work with recruiters who have successfully performed for them in
the past.
RETAINED SEARCH
A retained search is when the search firm enters into an exclusive contract with the client and is paid in
advance for their services. In a retained search the fee is for the time and expertise of the search firm. Fee
payments may be made in thirds, 1/3 of the fee paid on initiation of the search (retainer), 1/3 paid thirty
days later, and the final 1/3 paid thirty days after that or upon placement of the candidate. The firm is
employed to conduct the entire recruitment effort from startup until the candidate has started
working. Retained recruiters work for their clients, not for job candidates seeking employment.
CONTRACT PLACEMENTS
Providing Solutions to your Short-Term or Specialized Employee Needs.
Contract placements provide flexibility for your staff when their workload becomes too heavy, you have a
temporary staff vacancy, or you require a specific skill set for a special project. This type of short-term
staffing provides a skilled employee to perform valuable work for your company without an up-front long
term commitment.
CONTRACT-TO-HIRE Contract-to-hire works exactly the same as contract placements with the added value of providing
the option of hiring the contract candidate as a full-time employee at the end of the contract
assignment. This is advantageous in determining if an employee is the right fit for your company
since they are providing services on-site and you have the opportunity to evaluate their skills in the
actual work environment.