Retained
Search

Retained search refers to a recruitment model where a company engages a retained search firm to conduct a comprehensive and exclusive search for candidates to fill key positions. Unlike contingency recruiting, retained recruiters are paid a fixed amount upfront and additional compensation upon successfully finding a candidate who accepts the job offer. This upfront payment demonstrates the client's commitment to the search process and helps incentivise the retained recruiter to focus on finding the most suitable candidate for the position.

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Retained recruiters often specialise in filling senior-level or highly specialised roles that require specific expertise and experience. They work closely with the client to understand the organisation's culture, strategic goals, and the specific requirements of the position. This deep collaboration allows the retained recruiter to conduct an extensive search, targeting both active and passive candidates, and present a shortlist of highly qualified individuals.

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The retained search process typically involves several stages. The retained recruiter initiates by conducting a thorough needs analysis and creating a detailed position specification. They leverage their extensive networks, industry knowledge, and research capabilities to identify potential candidates. The recruiter then engages in comprehensive candidate assessments, including interviews, reference checks, and skill evaluations, to ensure alignment with the client's requirements.

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Throughout the search, the retained recruiter maintains ongoing communication and collaboration with the client, providing regular updates, market insights, and recommendations. Once the final candidate(s) are identified, the retained recruiter assists with the negotiation and onboarding process, ensuring a smooth transition for the candidate and the client.

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Retained search offers several advantages. By partnering with a retained recruiter, companies gain access to specialised expertise, extensive industry networks, and a dedicated focus on finding the best-fit candidate. The exclusive nature of the engagement ensures that the retained recruiter's resources and efforts are solely dedicated to the client's search, increasing the likelihood of securing high-caliber talent. Furthermore, retained search is often associated with confidential or sensitive executive-level positions, where discretion and privacy are paramount.

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However, it's important to note that retained search typically involves a longer time frame and higher fees compared to contingency recruiting. The process is more structured and comprehensive, requiring thorough research, candidate evaluations, and in-depth collaboration with the client.

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When engaging a retained search firm, it is crucial to choose a reputable and experienced partner who has a deep understanding of the industry, possesses strong research capabilities, and demonstrates professionalism and integrity. Collaborating closely with the retained recruiter throughout the process and providing timely feedback and insights can contribute to a successful search outcome