What is a retained executive search firm?
An organization that functions as a branch of your own company to help fill your executive staffing needs. Retained executive search firms work to develop first-hand knowledge of your organization to truly understand your industry, company, and culture. We use a proactive process to find the individuals that will best fit your organization and the requirements of your position. How does a retained executive search firm differ from a contingency firm? A retained executive search firm is hired exclusively for a specific assignment, conducting a customized search tailored to fully meet all the requirements of the client. A retained firm seeks out a variety of people considered to be outstanding in targeted organizations, not scouting “job seekers”, but focusing on key talent in the industry and recruiting them for the opportunity. Retained search firms typically focus on higher-level positions. Why use a retained executive search firm? * We take the time to truly understand our clients, t
Retained Executive Search Firms act as a management consulting arm of their client companies, providing objective insight and counsel, to identify and attract top management talent to help them build the leadership capital they need. The Search Firm serves as your ambassador in the marketplace to help you assess what is happening in the industry and identify superb candidates for your respective management positions. Today, the need for leaders with the right combination of experience, skills and chemistry is paramount in a constantly changing business environment. A high-quality search firm enables companies to capitalize on a pool of top caliber executives to maximize their shareholder value.
Retained executive search firms work under an exclusive contract with a client company, tasked with identifying the best candidate for a particular job and making the best client/candidate match. Retained search firms are often employed when it is critical to hire not just any qualified candidate who happens to be actively looking, but the most qualified and most appropriate person to address the specific needs of the client organization.
The AESC (Association of Executive Search Consultants) provides the following definition: “Retained executive search consulting is a specialized form of senior-level management consulting, conducted through an exclusive engagement and on a pre-determined retainer fee basis. Its purpose is to assist executives of a client organization in defining executive positions, identifying well-qualified and motivated candidates, and selecting those best suited through comprehensive, quality assured search processes.Executive search is widely-recognized as an indispensable service to organizations worldwide and is generally built on relationship rather than discrete transactions. The services provided by executive search consultants are an integral part of the process of building and maintaining corporate, nonprofit and government organizations. Like professionals in the fields of law, public accounting, and general management consulting, executive search consultants have a profound influence on t
