No retained search firm can solicit employes from clients. It would be unethical. Large retained search firms have many offices worldwide and serve a wide range of companies in many different industries and sectors. As such, the list of companies they cannot approach is large, limiting the candidate pool. On the other hand, boutique search firms that perform retained search recruit in select hi-tech industries that are cross-functional and compliment each other. Since the client pool mis smaller, the candidate pool is larger. In addition, there is no revolving door of search consultants, and each search is uniquely customized to meet the client’s need.
Large retained executive search firms fees are always time-line based, having little regards to meeting performance metrics or the actual hire. It’s 1/3 up front, 1/3 in 30 days, and 1/3 in 90 days. In addition, there is an inherent conflict-of-interest when fees are based on compensation. With NextGen we believe fees should be based on the work involved, the difficulty level, and the resources required to fulfill a successful hire.
Secondly, our fees are performance based. After the initial deposit, the 2nd invoice is paid when the client receives and approves the candidate shortlist by initiating interviews. The final invoice is due upon the actual date that employment commences for the new hire. In fact, we cannot quote the fee until after the Discovery Step is completed.
Accurate, dependable, honest, straight-forward fees. Our average fees for a Succession Bench search range from $150,000 to $250,000. Retained Search averages $75,000 to $150,000, and engagement search ranges from $45,000 to $75,000.
Introductory Chat on Executive Search services with NextGen. Review the descriptions
below to choose the team member that best fits your needs.
Discuss your C-level, functional leadership, or key staffing needs for strategy, sales, and business development roles in the wireless ecosystem including 5G MNOs, ORAN infrastructure systems, LBS services; and all roles within Digital Transformation (CX, CDP, DMP) and IoT (data, devices, networks).
Discuss your C-level, functional leadership, or key staffing needs for aircraft electrical power generation systems, aviation cabin and in-seat power supplies and converters, MEA, aerospace precision parts manufacturing, military aircraft, drones, hydrogen fuel cells, and industrial power electronics.
Kelley focuses on providing FIRST CLASS level service to her clients and candidates under all circumstances without any expectations in return. This level of service has afforded her a network of relationships with superstar individuals who are all “A” Players.
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