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Contingency vs. Retained Search: which one is best for you?

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De Vore Recruiting
Contingency vs. Retained Search: which one is best for you?

Finding the right talent is crucial for the success and growth of any organization because its success lies within its people. It isn’t just about their products, services, or financial prowess. It’s the individuals who dedicate their skills, passion, and time to drive the company forward.

Recruitment agencies play a pivotal role in this process, acting as intermediaries between companies and potential candidates. They offer expertise, resources, and a streamlined approach that can greatly assist companies in their staffing efforts.

In this blog, you will learn about the following:

  • The difference between Contingency Recruitment and Retained Search
  • Their own pros and cons
  • Some guiding factors to help you make the right choice for your organization’s staffing needs


The difference between the two

When it comes to recruitment, the approach can vary significantly. Although these two types share the same goal of putting the right people to your company, they still vary at some point.


It is important to know how they are different from each other before making any decision. Here are three key differences between contingency and retained search:


1. Payment Structure

In contingency recruitment, agencies are paid only when a candidate they’ve referred is hired. Retained search involves an upfront fee regardless of the outcome, ensuring dedicated attention to the search.


2. Level of Exclusivity

Contingency recruitment often involves multiple agencies simultaneously searching for candidates, while retained search typically offers exclusive focus and commitment from a single agency.


3. Engagement Level

Retained search fosters a deeper engagement between the agency and the company, leading to a more thorough understanding of the company’s culture and specific needs. Contingency recruitment might have a faster turnaround but with less involvement.


Continue reading here: Contingency vs. Retained Search: which one is best for you?


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