Why Retained?
There are numerous reasons why organizations leverage a retained search firm to complement their talent acquisition strategy. Whether it’s an executive level role, a difficult to find and niche skill set, or in a challenging location, bringing on a committed partner is often the most effective solution for seeing results.
Top 7 Differentiators of Retained Search
Exclusive Engagement: Working exclusively with the client, we can properly dedicate the appropriate time and resources to understanding the organization's culture, needs, and requirements. This exclusive engagement ensures a focused and tailored approach to the search process.
2. Extensive Market Research: We conduct comprehensive market research to identify potential candidates who may not be actively seeking new opportunities. We also leverage a deep understanding of the industry, its trends, and the competitive landscape, allowing us to tap into our networks and identify top talent. This model allows for further market intelligence gathering, including salary data, competitor compensation packages, and brand perception information.
3. Access to a Diverse Candidate Pool: With extensive networks and relationships with high-caliber professionals across various industries, we can access a broader and more diverse candidate pool, including passive candidates who may not be actively searching for new roles. Further, this increases the likelihood of finding exceptional candidates who may not be visible through traditional job postings or responsive to an initial outreach.
4. Thorough Evaluation and Assessment: We invest significant time in evaluating and assessing candidates. We conduct in-depth interviews, reference checks, and thorough background screenings to ensure the candidates' qualifications, cultural fit, and suitability for the role. This rigorous assessment process reduces the risk of making a poor hiring decision.
5. Confidentiality and Discretion: Maintaining strict confidentiality throughout the search process is a must. We understand the sensitive nature of executive-level positions and prioritize privacy and discretion. This is especially important when dealing with highly competitive industries or when replacing an incumbent executive.
6. Partnership and Expertise: We act as strategic partners to our clients, offering guidance and expertise on talent acquisition, market trends, and industry insights. Our experience and knowledge contribute to the overall success of the search process and help the client make informed hiring decisions.
7. Time and Resource Savings: By outsourcing the search process to a retained search firm, the company saves time and resources that would have been spent on sourcing, screening, and assessing candidates. We handle all aspects of the search, allowing the client's internal team to focus on core business operations.
While retained search involves financial commitment from the client compared to a contingent search, the benefits it offers in terms of access to top talent, expertise, and thoroughness of the search process justifies the investment for critical, executive level, and specialized niche positions.