SharpSearch Articles

Engagement Fee Search

For less than the cost of a display advertisement, a company can more efficiently and effectively fill their most difficult positions through an Engagement Fee search. For a percentage of the total fee in advance, this type of search gives your company targeted retained-like results without the high cost of a retained search or the uncertainty of a contingency search. Retained search firms charge a full 33% fee to be paid within 90 days whether they're successful or not. Contingency firms are adequate for many "run-of-the-mill" needs, but they operate on the policy of "the path of least resistance". If they run into difficulty with the search, they drop it and move on to the next one. When your company needs to find employees of high quality and caliber, at reasonable cost and minimal exposure, an Engagement Fee search firm is especially appropriate.

For a nominal cost, an Engagement Fee search can provide up-to-the- minute insights as to the current compensation levels of outside candidates. Whether filling a mid-to-upper level management slot, hiring multiples of the same position (sales reps for instance), needing to maintain confidentiality, or wanting to assess an internal candidate by comparing them to outside candidates, an Engagement Fee search can be your most effective solution.

The initial fee guarantees that those candidates who meet your specified criteria will be targeted. If appropriate, the search firm will recruit directly and discreetly from your company's competition, or from a network of other resources available. The Engagement Fee is the incentive for the search firm to stay focused on your company's needs and produce results.

Remember... it takes time and money to reach out to prospective candidates. So in this very competitive marketplace, it pays to secure an Engagement Fee search firm to efficiently fill selected, targeted positions.