Securing the right talent is a pivotal factor for organizational success. When it comes to the recruitment process, companies often enlist the services of search firms. The decision between choosing a retained or contingency search firm requires careful consideration, as each model serves different needs and purposes.
Retained search firms operate on an exclusive commitment basis. These firms are engaged exclusively by a company to fill a specific position. In this arrangement, the company pays a substantial upfront fee, signifying a commitment to the search firm’s exclusive dedication to finding the ideal candidate. Retained firms are typically utilized for executive-level positions and other strategic roles.
Contingency search firms operate without requiring an exclusive commitment from the company. These firms work on a non-exclusive basis, meaning multiple firms may be competing to fill the same position. Unlike retained firms, there is no upfront fee involved. Contingency firms are compensated only when a candidate they present is hired by the client company, and the fee is usually a percentage of the candidate’s first-year salary. Contingency firms are more versatile, handling a wide range of positions, from C-level executives to mid-level management and specialized roles. They often prioritize speed in presenting candidates, but their search process is thorough, with the firm investing time in understanding the company’s culture, leadership dynamics, and the specific requirements of the position.
Choosing the right search firm involves a careful evaluation of various factors. Industry experience and a proven track record should be considered when selecting a search firm, ensuring that the chosen firm aligns with the company’s specific needs and goals. Additionally, understanding the fee structure, whether an upfront fee for exclusivity or a contingency-based model tied to successful placements, is essential for budgetary considerations.
Watchdog Professional Search aims to connect organizations with industry-leading talent to fulfill permanent staffing needs in the Real Estate industry.
Using our nationwide database and resources, our team sources qualified professionals for roles in Facilities, Construction, Real Estate Management, Workplace, and Engineering amongst a myriad of other real estate functions and business lines.
A small sampling of recent placements:
- Structural Engineer in a global environmental firm.
- Director of Project Management for a leader in property redevelopment.
- Senior Construction Manager for a rapidly growing, healthy lifestyle brand.
- Land Development Manager for a quality homebuilder.
- System’s Developer Operations Engineer for an industry leader in supply chain and waste solutions.
- Assistant Manager for an affordable housing investment firm.
- Employee Benefits Consultant for a leader in the insurance industry.
- Sales representative for a company that provides environmental solutions.
With two decades of experience in the Real Estate industry, Watchdog is actively engaged in networks where top talent lies. We only submit candidates to our clients with the professional expertise that we seek when hiring our own employees.
With offices in Philadelphia and Los Angeles, our team utilizes our nationwide network and database resources to source qualified professionals for our clients across the entire country from the East Coast to West Coast
