Which Executive Search Consultant Should You Hire - WalkWater Talent Advisors

1
Which Executive Search Consultant Should You
Hire? - WalkWater Talent Advisors Executive
search is when a specialized firm is recruited to
take up the job of making an exclusive search
and bringing to the client a list of the best
candidates that are completely apt for the
executive positions within an organization.
There are different types of executive search,
each effective in its own way. The basic
difference lies in the level of service
required, and the level of experience of the
desired talent.
Retained Executive Search Retained executive
search involves a retainer for the services
provided, where an upfront fee is decided upon,
which is generally paid in three parts 1/3rd
of the fee paid on initiation of the search,
1/3rd paid 30 days later, and the final 1/3rd
paid upon placement of the candidate. The
executive search consultant in this type of search
2

• acts as a true consultant, advising the client
  organization with regards to the search process,
  while identifying, qualifying, and reviewing
  potential candidates for specific leadership
  positions. Retained executive search is the most
  effective type of search for high level
  executive positions, and where it is difficult to
  find talent having a specific and exceptional
  skill set required for a particular role. This
  is because most of the candidates targeting here
  are passive, already working in a similar
  position in another company. The services
  included in this type of search include
• Creation of a recruitment strategy
• Creation of an ideal talent profile
• Reviewing and revising job profiles and
  descriptions
• Research of competitive talent landscape and
  client competitors
• Conducting candidate interviews, and presenting vi
  able candidates
• Positioning of passive talent
• Scheduling interviews between the client and
  candidates
• Continual updates and progress reports throughout
  the process
• With all of these roles, a retained executive
  search consultant acts like a member of a
  marketing department, connecting with highly
  sought after talent to engage their interest in
  the vacant position in the clients
  organization. The consultants loyalty lies with
  the client organization, which is why he will
  make the best attempt to bring only the most
  suitable talent for consideration, keeping in
  mind both the present requirement as well as
  future opportunities for the client
  organization. Hence, retained executive search is
  a partnership between the consultant and client
  organization, which often results in finding the
  best and most qualified talent for the required
  position! For one such partnership, you can get
  in touch

3
with WalkWater Talent Advisors
(https//www.walkwatertalent.com/insights/why-
should-you-hire-a-retained-executive-search-firm/)
, who have emerged as one of the fastest
growing, innovative, and the best executive
search firms in India and talent advisory firms,
with a unique mix of strengths, including client
partnering, deep domain knowledge, and global
coverage. Engaged Executive Search Engaged
executive search is where an initial service fee
is due upon engagement, with the remainder fee
due upon a talent accepting a position with the
client organization. Most of the activities and
services involved in this type of search are the
same as that in retained executive search, with
the difference lying in the matter of the
searchs priority for the consultant, and with
the sharing of derived competitive intelligence.
This type of search is more about providing
talent to consider, and less about consulting
with regards to the process or search
innovation. Engaged search is a mutual
understanding between the consultant and client
organization that results in quality candidates
being introduced for consideration, while
building a strong trust and relationship between
the two teams. This model is most effective for
finding mid-level executive talent, or for
smaller company clients for whom a complete
retained executive search is not possible.
4
Contingent Search When large organizations are
looking to fill multiple positions at entry
levels or junior management levels, they opt for
contingent search. This type of search involves
no initial upfront fee. Instead, the recruiter
is compensated upon successful completion of a
search with a commission based on the salary of
the talent. Generally, contingent recruiters
will re-post an employers job description on
various job sites, without conducting an actual
search or investigation on behalf of the client.
This results in lesser quality candidates being
presented for consideration to the client
organization as there is lesser attention devoted
to the clients specific needs. In addition, a
contingent recruiter may present the same
candidate to multiple clients to maximize their
chance of placement, and thus the size of their
commission. Unlike retained executive search
consultants, a contingent recruiter may likely
omit any negative assessments about the
candidate, because they are more concerned with
their commission, and less about the benefit of
their client organizations. After understanding
the various types of searches, you can decide
upon the type of search you need to opt for, for
your organization. What vacant job position you
are looking to fill, and how skilled a talent
you need is what will help you decide. For more
Information https//www.walkwatertalent.com/