Basically, there are two categories of executive recruiters: contingency and retained recruiters. The service provided by both if these recruiters are essentially the same. The difference comes in the working relationship with the client. The amount of money that these recruiters charge for their services is therefore also different. You can get the best candidates only if you hire a firm that has sufficient knowledge in executive search Thailand. This article will help you learn more about these two types of executive recruiters.
Just as the name suggests, these type of recruiters works in a certain form of contingency. The recruiter is paid only if the client hires a candidate that has been referred by them. There is no fee that is due if the client does not hire any of those candidates.
Most contingency recruiters usually work quickly by uncovering various resumes. As stated earlier, there is no financial support from the client when researching for a candidate and therefore these recruiters have the tendency of moving to a new assignment faster than retained recruiters.
There are many contingency recruiters that prefer filling low to middle-level management positions. This is because there is a vast range of job opportunities at this level and therefore the chances of success are higher.
The term retained recruiters are usually derived from the fact that they provide services on an on-retainer basis. The client pays for the service up front as well as during the process of recruitment. The retained recruiter is usually paid for the process of searching for candidates. There are some retained recruiters which offer their clients the option of cancelling the search at any time.
Unlike contingency recruiters, retained recruiters provide an efficient and thorough recruitment effort to the client. They usually involve various researchers and experts on a single assignment. That’s not all, they also create a detailed report on the employer, candidate resumes, the position, interviews and reference checks.