What is Engaged Search hybrid permanent recruitment strategy Retained Search
Engaged Search: A Comprehensive Guide
Engaged Search
Hybrid Permanent Recruitment Strategy | Retained Search
Engaged search offers an innovative hybrid permanent recruitment solution that maximises results while minimising risk.
Unlike traditional retained search methods, we commit to a specific completion date, and if the position remains unfilled by the agreed-upon deadline, your initial investment is fully refunded.
The upfront payment allows us to dedicate significant resources while the deadline ensures urgency throughout the process. This approach expedites the hiring process and the unique safety net safeguards your financial interests.
It’s a great choice for organisations seeking a middle ground between contingent speed and executive search, providing a strategic option for efficient, risk-managed recruitment.
FAQ
What is engaged search?
Engaged search is an innovative hybrid approach that combines elements of retained search and contingent recruitment.
It involves an upfront payment that allows us to commit significant time and resources to finding your ideal candidate within a defined timeframe.
We commit to a specific completion date, ensuring a sense of urgency and focus throughout the process.
How is it different from executive search?
Unlike traditional retained search, engaged search operates within a set timeframe with a guaranteed completion date.
How does it work?
- Consultation: we begin with an in-depth consultation, taking the time to thoroughly understand your unique hiring process and specific job role requirements. This crucial step ensures that we are fully aligned with your needs and expectations from the outset.
- Sourcing: we develop a customised sourcing plan tailored to your position. Our strategy focuses on identifying viable candidates, with a particular emphasis on passive talent i.e. individuals who aren’t actively seeking new roles but could be the perfect fit for your vacancy.
- Screening: potential candidates undergo multiple rounds of skill assessments, reference checks, and thorough vetting.
- Shortlist: only after this comprehensive screening do we finally present you with a shortlist of viable candidates who can meet the hiring deadline.
What are the benefits of engaged search?
Engaged search offers several significant advantages for organisations seeking to fill critical positions. It combines the best of retained search with the speed of contingent recruitment, allowing for a more efficient hiring process. This hybrid approach ensures that your role receives priority, as engaged searches are treated with a higher level of commitment from recruiters.
With an upfront payment, engaged search allocates dedicated time and resources to each search, enabling recruiters to focus on fewer positions and conduct thorough vetting. This contrasts with contingent recruitment, where recruiters often juggle multiple searches, leading to less effective placements.
The model also includes a unique safety net: if we don’t fill the position by the agreed-upon deadline, your initial investment is fully refunded. This approach expedites the hiring process while safeguarding your financial interests.
Finally, engaged search fosters a stronger partnership between the client and recruiter, enhancing communication and collaboration. Overall, it provides a strategic, risk-managed approach to recruitment that prioritizes quality and results.
Is the search conducted confidentially?
We conduct confidential searches to protect your organisation’s sensitive information and maintain discretion throughout the recruitment process.
What is the fee structure?
The fee structure is designed to offer a perfect blend of commitment and assurance.
Initial Retainer: A portion of the fee is paid upfront, securing our exclusive focus on your role. This demonstrates mutual commitment and allows us to dedicate significant resources to your search.
Refund Guarantee: we’re confident in our ability to deliver results. If we don’t fill the position by the agreed deadline, this initial payment is fully refundable, protecting your investment.
Success-Based Final Payment: the remaining fee is only due upon successful placement within the allotted timeframe. This ensures our interests remain aligned throughout the process.
This balanced approach is ideal for organisations seeking a time-bound search with built-in financial safeguards.
How much do your charge?
We charge 15-20% of the annual total compensation, depending on the complexity of the role.
Our fee is structured as a retained search model, typically involving an upfront fee.
For specific pricing details tailored to your requirements, please contact us directly.
What guarantees do you provide?
Money back guarantee: if we don’t fill the position by the agreed-upon deadline, your initial investment is fully refunded.
This approach expedites the hiring process while safeguarding your financial interests.
Which countries do you serve?
With experience of successfully recruiting talent across 102 countries, we proudly offer our engaged search solution globally.
Key facts
- Exclusive Agreement
- Refundable Retainer Fee
- Money Back Guarantee
- Fixed Delivery
- Source Viable Candidate
- Time-sensitive Hire
- Urgent Vacancies
- Mid/Senior-level & Specialist Roles
- Search Active & Passive Job Seekers
- Segmented Labour Market
