What is a Retained Executive Search Firm

What is a Retained Executive Search Firm?

If you are an executive who has ever searched for a job, you might have heard the term “retained executive search”.

A retained executive search is usually conducted for a director, vice president, or C-level positions with a minimum annual salary of $150,000. What you might not know is that there are two different types of retained executive search firms.

Whether you are a job seeker looking for your next C-level position or a business owner looking to hire, it is important to know the difference between a retained executive search for companies and a retained executive search for job seekers.

Retained Executive Search for Companies

Definition: A retained executive search for companies is where a firm is hired (and paid upfront) by the company to recruit an executive for a specific job.  

This is the most common example of a retained executive search firm and has been around for over 40 years. Companies hire retained search recruiters (headhunters) to find top talent for open positions.

How much do retained search fees cost companies?

In this model, retained search fees cost companies 25-35% of the estimated total compensation. This fee is not contingent upon a successful placement and can be kept without success.

Retained Executive Search for Job Seekers

Definition: A retained executive search for job seekers is where a firm is hired (and paid upfront) by the job seeker to find their dream job.  

This style of retained search has only become popular in the past couple years. Instead of working for the company, the firm works directly for the executive.

How much do retained search fees cost the job seekers?

In this model, retained search fees are a custom quoted amount, usually around 6-12% of the expected salary. Unlike retained search for companies, this payment usually comes with some sort of placement guarantee.

Which retained executive search firm is for me?

If you are in HR, Talent Acquisition, or Recruiting and you are looking to learn more about the retained executive search firms for companies, check out the top 20 retained executive search firms for companies. These companies include Korn Ferry, N2Growth, Egon Zehnder, Heidrick & Struggles, and Boyden just to name a few.

If you are an executive looking for a job, the list becomes much shorter. As of now, there is only one company offering retained executive search for job seekers. That company is Find My Profession.

What is Find My Profession?

Since 2015, Find My Profession has helped hundreds of executives find their dream jobs at companies like Google, Amazon, Kaiser, Mercedes, UPS, Pepsico, Chevron and more.

They call it the “Career Finder”.

For a one-time investment, Find My Profession will assign an executive search recruitment consultant to manage your entire job search, create your resume, apply to jobs, offer interview advice, and network for you.

  • 3 Investments to Improve Your Chances of Landing a Job In 2017

    3 Investments to Improve Your Chances of Landing a Job In 2017

    As a job seeker, you are accustomed to expecting a return on your job search in the form of a steady paycheck and gainful employment, right? While a steady paycheck is a goal, you might need to make an investment at times to get to that point. Job seekers that move quickly through the process of landing a job understand.

    Find My Profession by Devay Campbell
    Read On
  • The Best Professional CV Writing Companies in 2018

    The Best Professional CV Writing Companies in 2018

    When it comes to finding a Professional CV Writing Company, there is no one size fits all answer. In reality, there are probably ten different resume writing companies that could offer a fantastic solution for your needs. The best cv writing company is the one that you have researched and the one that fits your budget. We shortlisted what we believe to be the best professional cv writing companies in 2018.

    Find My Profession by The FMP Contributor
    Read On
  • 5 Reasons It Pays to Get Help Applying for Jobs

    5 Reasons It Pays to Get Help Applying for Jobs

    Every job seeker would improve their chances of landing that dream job by using services like Find My Profession. There are 5 reasons why it pays to use this service. It saves time when you have another set of eyes watching job boards. I Googled, “I need a job,” for this blog post and yielded a staggering 929,000,000 results!

    Find My Profession by Steven Lowell
    Read On
See All Articles