Many retained executive search firms offer 6 months to 1 year as their standard replacement guarantee. The issue with that is typically either objectives have longer timelines (as in 2 years) or the offer includes MBOS incentives in the form of additional bonuses and stock options and/or equity. The higher level the role is, the longer the MBOs are. We often see 3 to 5 years to achieve the Board’s objectives.
NextGen Global Executive Search leads the recruitment industry with a 2-to-5-year replacement guarantee for executive search placements. See why NextGen’s average retention for placements is 94% at the 5-year hire anniversary date. That means those placements are excelling and often have been promoted because they have added laudable intellectual property, strategic direction, or increased revenues and market share.
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