A Retained Search is preferable in cases where a company has a pressing executive level need that requires a candidate who will hold key leadership responsibilities, and whose services are integral to overall organizational success. Given the strategic importance of these positions, there is often a degree of urgency and/or confidentiality that accompanies this type of search. Retained searches are given priority status in terms of the level of consulting talent assigned to conduct the search, and the time and resources that are dedicated to the project.
When time, complexity and confidentiality are critical, retained search is your best option.
Retained search is particularly appropriate when the need is urgent, the hire will have a significant impact on company performance, or new opportunities emerge that must be quickly addressed. Retained executive search represents a commitment from both sides and sends a strong message to candidates that the company highly values this opportunity.
1) Retained searches take precedence over contingency assignments due to the mutual commitments that are involved in the search process.
2) A client company is essentially securing a commitment from the search firm to prioritize the search.
Modified Retained Search
A Modified Retained Search offers several benefits to both the client company and the search firm, in that many of the strengths of the retained search model can be captured while at the same time reducing the financial risks for both parties. Critical hiring needs tend to require more attention and focus than your typical contingency search firm can provide. Our Modified Retained Search proves to be highly effective for clients who are looking to evolve from passive recruiter-client contingency relationships and find a true trusted partnership. This type of search offers a chance for that trust-building process to occur, while reducing the financial burden of a fully retained agreement. While a client company will not get all the benefits of a retained search using this model, the results are more satisfactory than a contingency search, and most of these relationships tend to evolve into retainers as trust builds and additional hiring needs are identified.
In a Modified Retained Search, clients pay an upfront fee to secure our recruiting staff’s time and resources. This upfront deposit creates a shared commitment for clients to follow through with a hire and our recruiting team to dedicate and prioritize the resources needed to be effective in identifying a suitable candidate.
Operational Reviews allow organizations and/or specific departments to have an independent, empirical audit of their operations to help identify areas of improvement and/or opportunities to implement industry best practices to maximize efficiency.
These in-depth, detailed reviews are highly effective in surfacing both money-saving and money-making initiatives in both small and large organizations.
An effective Executive can make or break a company. CMA offers confidential Executive Evaluations to help organizations assess how their leaders stack up to others in their cohort. CMA has thousands of C-suite profiles to compare on numerous standard and custom attributes.
Like Operational Reviews, Executive Evaluations can help surface leadership deficiencies and make recommendations before they become larger issues.
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