- March 25, 2021
- Interesting Articles, Latest News, Recruitment
- executive search, retained company, retainer
Advantiges of Retained Recruitment Company
Contingency or Retained Recruitment?
If your company has been trying to fill a vacancy, especially in times when it’s hard to get talent, you’ll realize how challenging this aim can be. Think about having a partnership with a recruitment and HR services company to implement a retained search on your behalf.
The Difference Between Contingency and Retained Assignments
The most common model. Clients reach out to multiple agencies to supply candidates for their vacancy. A fee is only due to the agency that introduces the successful candidate — invoiced once the candidate starts employment.
A single consultancy is used exclusively for a more thorough, methodical search — guaranteeing they alone fill the vacancy. The recruiter is paid a proportion of the expected total fee upfront, allowing them to dedicate more time to talent attraction.
When Is a Retained Recruitment Model Most Suitable?
- The vacancy is a highly specialist role with few suitable candidates in the marketplace
- The client has a very strict timeline for the recruitment process
- It’s a Top or C-level Director appointment
- The employer’s niche struggles to attract applicants, often losing candidates to larger, more recognized competitors
Focus, a richer talent pool, and dedicated resources
Retained consultants access networks of passive talent and focus on matching the right skills to your requirements — crucial for senior or hard-to-fill roles.
A retained search is more thorough, reaching passive candidates — not just the same CVs circulating across every agency’s database.
Exclusivity lets the firm allocate dedicated time and resources, keeping you informed at each stage and handling issues as they arise.
The retained model lets the recruitment team truly understand the business and its employer brand, shaping a consistent candidate attraction strategy.
Acting as mediator between clients and talent, the consultant analyzes the situation from an external viewpoint — a stronger relationship means a better-fitting hire.
A retained consultant is 100% committed to you rather than juggling multiple clients, improving quality of hire and freeing up your time for core business operations.
Flexibility
Working with a retained recruitment company brings more flexibility across the board. Retained firms are more dedicated and prepared to go the extra mile to ensure you’re thoroughly satisfied with the service.
For all the above advantages and beyond, retained recruitment is the superior option for companies looking for a star performer and wanting to work with the best talent partner. Horizons Bulgaria can be that partner.
Ready to find your next star hire?
Get in touch with Horizons Bulgaria and let our team run a dedicated, retained search for your most important roles.