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What
are the differences between contingency and retained search
firm?
An executive search firm is generally
paid in one of two ways, either on retainer or on a contingency
basis. When a search firm is hired on a contingency basis,
the client company pays no fees until a placement is made.
The placement fee is generally a percentage of the annual
base salary. When a search is conducted on a contingency basis,
it is often given less priority, as the client company is
generally pursuing other sources of candidates as well. When
a search firm is hired on retainer, the client pays a portion
of the estimated fee upfront. The retainer generally constitutes
1/3 of the estimated fee. The remainder of the fee is paid
in two installments at different intervals during the search
process. A retainer is used when a client company does not
utilize other, more public methods of recruiting, and has
a higher priority on filling the position.
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Why
has O'Brien & Roof been so successful over the years?
O'Brien
and Roof has earned a reputation for establishing successful
lasting professional alliances. We are recognized for recruiting
highly qualified candidates who satisfy the immediate needs
of our clients and contribute to a company's continued success
over the long term. Thorough searches are conducted for each
client, producing candidates who are genuinely interested
in aggressively pursuing a career with our clients. As a result
of these practices over 75% of our assignments result from
repeat business and referrals from satisfied customers.
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How
does a professional search firm find candidates?
There are many ways an Executive Search
Firm can find candidates. At O'Brien & Roof, our clients
benefit from our networking abilities, our growing database,
and our direct recruiting efforts. Through continuous networking,
we diligently maintain and expand our circle of contacts through
the many professional organizations and associations, at the
regional and national level, that we have encountered over
the years. Our firm has been in business over ten years. We
have worked with many clients and candidates who, over time,
have helped to build our database. With multiple recruiters
on staff, our database continues to grow and evolve to keep
up with the ever-changing market. Lastly, clients of O'Brien
& Roof benefit from our direct recruiting efforts. There
are many people in the workforce today, who are happily producing
in their jobs, and don't look at the want ad's or internet
job postings. Through direct recruiting, these people can
be found and presented with opportunities, or sourced for
others that they know who are currently open to new opportunities.
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