What is the difference between Contingency Hiring and Retained Search Firms?
The two main differences between contingency firms and retained search firms are very important. First is how they look for candidates. Second is how they get paid. Contingency firms work on a per placement fee. They only get paid if you choose to hire a candidate which they present to you. Generally they work with many different companies at the same time. Therefore, when they get a really outstanding candidate, the agency will present them to several firms. For this reason, it is important to move fairly quickly if you like the candidate they offer. Further, given the very tight job market, it is always important to move quickly to making a decision since your competitors may hire a top candidate if your company delays too long. Contingency firms are very good at filling technical and midlevel positions quickly. This is because of the way they work with candidates. These firms are constantly seeking qualified prospects to present to client companies. This method regularly produces ne
