Executive search and headhunting are both the same types of professional recruitment service providers that help companies find the right candidates for a high-level position. Similarly, they are paid by the hiring company, not by the candidate. Both types of firms typically specialise in recruiting for a particular industry or function and use a similar process to identify candidates.

The difference between contingency and retained search is in the pricing model and the service level agreement. In a retained search the recruiter is paid an upfront or scheduled fee and works on an exclusive basis, meaning they, and only they, will be working on the search. In contrast, contingency recruitment works on what would be best described as a ‘no win, no fee’ basis.

An executive search process may vary depending on what role you are looking to fill. A typical executive search process timeline keeps your recruiting efforts on track and on schedule. It outlines the major milestones you need to hit when searching for someone to fill a senior leadership position and how long each step should take.

Executive search is much more than providing candidates. It is about filling talent gaps that will in turn immensely benefit your company. It is crucial to us to not only provide a candidate that is qualified but also a candidate that will seamlessly fit into the business’ culture. Here are some of the key benefits of executive search:

• Cost-effective
• Decrease time to appoint
• Commitment to diversity and inclusion
• Access to an extensive database of candidates
• Time-efficient
• Recruit passive candidates
• Confidentiality

If you want to find the best possible candidate during your executive search efforts, you will not discover them on the job market. Often, your top talent candidates are currently working for your competitor. Executive search recruiter knows how to tap into these passive talent pool and provide an exceptional sales pitch—one that conveys the strength of your employer brand to potential candidates. 

It is vital to spend time researching the options available to you when selecting your Executive Search company. It is crucial that you choose the Executive Search company that best match your hiring needs. Below are some general guidelines that will help you to reach the right decision. Look for an executive search firm that specialises in your industry or area of work. Now, many agencies do a little bit of everything, and you need to find an executive search and recruitment firm that is an expert in your field. You can also consult your friends or colleagues in similar fields. Ask whom they have used in the past, and for some recommendations. A reputable Executive Search company will source at least a third of its new clients/candidates via word of mouth from satisfied customers, so this is one of the quickest and most effective ways of finding an excellent executive search company.​​​​​​