David Danagher BL is an accomplished Barrister and domestic and international Principal Legal Recruitment Consultant. He works exclusively on specialist hiring briefs with top Law firms across Ireland, United Kingdom and Europe.
Retained recruitment, often called search & selection or executive search refers to recruitment agencies that work exclusively on specialised roles and dedicate all of their attention and resources to filling one requirement at a time. The Recruitment Agency is paid an upfront fee compared to contingency recruitment where the Recruitment Agency earns a fee based on the individual success of placing a candidate.
So, what are the main benefits of retained recruitment?
Compared to traditional contingency recruiters, retained recruitment consultants work together for the client rather than competing in the same talent pool for the same clients. This makes for a much more collaborative approach and often higher success rates.
Higher priority placements.
Whether you are looking to build a niche team or develop your senior leadership team; retained search is better suited to executive level hiring and for sourcing more specialist candidates. The push for Partner level candidates means the candidates presented to the client tend to be well-vetted and highly experienced.
100% dedication and a high conversion guarantee.
Because retained recruitment involves slightly trickier to fill briefs, consultants who work on a retained basis are often highly skilled and experienced. Expert knowledge of their market is a must and consultants often specialise for years, accumulating a vast and diverse network of stellar candidates.
Feedback & market intelligence.
Retained search works on a cooperative basis between client and consultant. Regular meetings and touchpoints to provide feedback about the brief can be crucial and conducive to finding the right candidates and getting results. With retained search, you get additional advantageous services like market mapping. Good search and selection firms will provide detailed market research and talent forecasts before a search at no extra cost.
Conclusion….
DAC Recruitment are uniquely placed in our market at the intersection between recruitment and executive search. We already have the market knowledge and connections at our disposal. Where other retained search firms may be starting from scratch – we have a solid base and candidate network.
As a part of our services, we offer both retained and contingency recruitment on a case by case basis. We tailor our services depending on the brief, your hiring needs, geography and the areas that you’re expanding in.
For more information reach out to David Danagher BL at [email protected] for all your recruitment requirements.
