{"id":1852,"date":"2021-10-26T09:34:57","date_gmt":"2021-10-26T14:34:57","guid":{"rendered":"https:\/\/www.is-t.net\/blog\/?p=1852"},"modified":"2023-06-23T09:18:10","modified_gmt":"2023-06-23T14:18:10","slug":"retained-executive-search-vs-contingency-search","status":"publish","type":"post","link":"https:\/\/www.is-t.net\/blog\/retained-executive-search-vs-contingency-search\/","title":{"rendered":"Retained Executive Search Vs Contingency"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1852\" class=\"elementor elementor-1852\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b5c3122 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b5c3122\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c7a9517\" data-id=\"c7a9517\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dfb6935 elementor-widget elementor-widget-text-editor\" data-id=\"dfb6935\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Traditionally in recruiting, there are two main types of searches \u2013 retained executive search and contingency search. Both ideally achieve the same goal of finding an experienced, vetted, talented person to fill an empty role in a business, however they do so through different means. Retained executive searches and contingency searches have different approaches, purposes, costs, benefits, and drawbacks, meaning that any business looking to find an executive search firm to assist in their staffing needs should know which method is ideal for their situation. \u00a0<\/p><p>Here, we\u2019ll go over what each of these searches are, how they\u2019re different from one another, and offer pros and cons to help you decide which method is right for your business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e8aa4e elementor-widget elementor-widget-image\" data-id=\"2e8aa4e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"400\" src=\"https:\/\/www.is-t.net\/blog\/wp-content\/uploads\/2021\/10\/retained-executive-search-vs-contingency-search.jpg\" class=\"attachment-large size-large wp-image-1857\" alt=\"Learn About Contingency Search\" srcset=\"https:\/\/www.is-t.net\/blog\/wp-content\/uploads\/2021\/10\/retained-executive-search-vs-contingency-search.jpg 800w, https:\/\/www.is-t.net\/blog\/wp-content\/uploads\/2021\/10\/retained-executive-search-vs-contingency-search-300x150.jpg 300w, https:\/\/www.is-t.net\/blog\/wp-content\/uploads\/2021\/10\/retained-executive-search-vs-contingency-search-768x384.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c836e5a elementor-widget elementor-widget-heading\" data-id=\"c836e5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.is-t.net\/blog\/retained-executive-search-vs-contingency-search\/#Retained_Executive_Search\" >Retained Executive Search<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.is-t.net\/blog\/retained-executive-search-vs-contingency-search\/#Contingency_Search\" >Contingency Search<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.is-t.net\/blog\/retained-executive-search-vs-contingency-search\/#Which_Search_is_Right_for_Your_Business\" >Which Search is Right for Your Business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.is-t.net\/blog\/retained-executive-search-vs-contingency-search\/#Executive_Search_In_Houston_That_Works_for_Your_Business\" >Executive Search In Houston That Works for Your Business<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Retained_Executive_Search\"><\/span>Retained Executive Search<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae54e17 elementor-widget elementor-widget-text-editor\" data-id=\"ae54e17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>One of the primary differences between retained executive searches and contingency searches is the type of positions each method is primarily used for. Traditionally, <a href=\"https:\/\/www.is-t.net\/staffing\/retained-search\">retained executive searches<\/a> are used to fill important executive or C-level positions that are seldom announced to the public. Think high-impact, company-defining positions such as CEO, VP, and the like.<\/p><p>Another important distinction between retained executive searches and contingency searches is cost. Retained executive search firms are paid regardless of who or when a candidate is hired, and the retainers charged can be more than the costs associated with contingency searches. However, retained searches offer a more premium level of service. And because these kinds of positions are so essential to the success of a business, many businesses choose retained searches despite the higher costs in hopes of landing a more qualified candidate.<\/p><p>Benefits of retained executive searches include increased quality regarding candidates, a more in-depth consultation with the recruitment firm prior to launching the search, stricter screening of candidates, and access to passive candidates, or candidates who are not actively seeking a new job opportunity. Some cons of retained searches include increased costs and the fact that there are sometimes no guarantees despite retainers paid.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bccae7 elementor-widget elementor-widget-heading\" data-id=\"5bccae7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Contingency_Search\"><\/span>Contingency Search<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5cb6915 elementor-widget elementor-widget-text-editor\" data-id=\"5cb6915\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When it comes to <a href=\"https:\/\/www.is-t.net\/staffing\/contingency-search\">contingency searches<\/a>, recruitment firms utilize them most often on mid-level executive roles and standard staffing roles. The positions most often filled by a contingency search are low to mid-impact positions. As a result, the recruitment method is not as invested and in-depth as retained searches. In contingency searches, recruitment firms look for active candidates, or those who are actively seeking employment via job boards, social networking, or otherwise.<\/p><p>Recruitment firms who do contingency searches are not paid unless your business chooses to hire a candidate that the firm represents. This is a benefit to the budget-minded business owner, however the lack of exclusivity in regard to accessing talent can mean your business may lose out. After all, with contingency searches recruitment firms have no reason to prioritize placing a candidate with your business over another, because they are paid regardless. Considering this, retained executive searches are usually the go-to for businesses filling a must-hire position that has a lot at stake. However, one of the benefits of contingency searches is that there is little to no risk, because businesses don\u2019t have to pay the recruitment firm unless they get the right placement.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3105cc9 elementor-widget elementor-widget-image\" data-id=\"3105cc9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"400\" src=\"https:\/\/www.is-t.net\/blog\/wp-content\/uploads\/2021\/10\/RetainedExecutiveSearchVsContingency_IST.jpg\" class=\"attachment-large size-large wp-image-1858\" alt=\"Retained Exectutive Search Model\" srcset=\"https:\/\/www.is-t.net\/blog\/wp-content\/uploads\/2021\/10\/RetainedExecutiveSearchVsContingency_IST.jpg 800w, https:\/\/www.is-t.net\/blog\/wp-content\/uploads\/2021\/10\/RetainedExecutiveSearchVsContingency_IST-300x150.jpg 300w, https:\/\/www.is-t.net\/blog\/wp-content\/uploads\/2021\/10\/RetainedExecutiveSearchVsContingency_IST-768x384.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac81f35 elementor-widget elementor-widget-heading\" data-id=\"ac81f35\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Which_Search_is_Right_for_Your_Business\"><\/span>Which Search is Right for Your Business? <span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d57fc24 elementor-widget elementor-widget-text-editor\" data-id=\"d57fc24\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Every business is different. Every position is different. So, how can you choose which of the search methods is right for your business and your specific staffing need? Start by looking at what level position you are seeking. If you\u2019re hiring for a C-level or executive position, you may consider retained searches. If you\u2019re hiring for a standard staffing role, contingency may be better for your budget. In addition, think about what you\u2019re able and willing to spend on the recruitment process in comparison to how valuable the position you\u2019re filling is. Sill not sure? For many businesses, a consultation with a recruitment professional can help.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-848717f elementor-widget elementor-widget-heading\" data-id=\"848717f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Executive_Search_In_Houston_That_Works_for_Your_Business\"><\/span>Executive Search In Houston That Works for Your Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-167ac68 elementor-widget elementor-widget-text-editor\" data-id=\"167ac68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When it comes to making executive search work for you in Houston, you need to find a recruiter that can place top talent in open positions throughout the greater Houston area and beyond. They should boast a vast network and decades of business relationships throughout the city to give you unique access to a pool of talent that is experienced, knowledgeable, and screened. Most reputable IT staffing firms will offer both retained search and contingency search services to businesses of all sizes and can help your business choose which recruitment strategy is right for you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Traditionally in recruiting, there are two main types of searches \u2013 retained executive search and contingency search. Both ideally achieve the same goal of finding an experienced, vetted, talented person to fill an empty role in a business, however they do so through different means. Retained executive searches and contingency searches have different approaches, purposes, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":1857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"yes","footnotes":""},"categories":[26],"tags":[],"class_list":["post-1852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-staffing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Retained Executive Search VS Contingency Search: Which is Best?<\/title>\n<meta name=\"description\" content=\"Every recruiter is different. Not all recruitment processes are the same. Clients often do not realize that there are two ways to work with recruiters: retained search and contingency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.is-t.net\/blog\/retained-executive-search-vs-contingency-search\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retained Executive Search VS Contingency Search: Which is Best?\" \/>\n<meta property=\"og:description\" content=\"Every recruiter is different. Not all recruitment processes are the same. Clients often do not realize that there are two ways to work with recruiters: retained search and contingency.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.is-t.net\/blog\/retained-executive-search-vs-contingency-search\/\" \/>\n<meta property=\"og:site_name\" content=\"IS&amp;T Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-26T14:34:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-23T14:18:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.is-t.net\/blog\/wp-content\/uploads\/2021\/10\/retained-executive-search-vs-contingency-search.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Lard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Lard\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/retained-executive-search-vs-contingency-search\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/retained-executive-search-vs-contingency-search\\\/\"},\"author\":{\"name\":\"Scott Lard\",\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/#\\\/schema\\\/person\\\/01b75441ccfa116bc0ca0750c112b0fa\"},\"headline\":\"Retained Executive Search Vs Contingency\",\"datePublished\":\"2021-10-26T14:34:57+00:00\",\"dateModified\":\"2023-06-23T14:18:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/retained-executive-search-vs-contingency-search\\\/\"},\"wordCount\":746,\"publisher\":{\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/retained-executive-search-vs-contingency-search\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/retained-executive-search-vs-contingency-search.jpg\",\"articleSection\":[\"IT Staffing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/retained-executive-search-vs-contingency-search\\\/\",\"url\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/retained-executive-search-vs-contingency-search\\\/\",\"name\":\"Retained Executive Search VS Contingency Search: Which is Best?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/retained-executive-search-vs-contingency-search\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/retained-executive-search-vs-contingency-search\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.is-t.net\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/retained-executive-search-vs-contingency-search.jpg\",\"datePublished\":\"2021-10-26T14:34:57+00:00\",\"dateModified\":\"2023-06-23T14:18:10+00:00\",\"description\":\"Every recruiter is different. 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