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Human Resources and Payroll in China 2016-2017 (5th Edition) -
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Differences Between Job Candidate Search Types
Contingency Search
Retained Search
Transaction-oriented
Consulting-oriented
No cure, no pay – only when candidate is hired
Progressive payment on a predetermined amount
Results within four to eight weeks
Results within eight to twelve weeks
Each candidate is presented to many firms
Refined searches to find a few suitable candidates
Suitable for low- to mid-level positions
Suitable for mid to high-level positions
Not necessarily exclusive with one search firm
Exclusive with one search firm
Client communicates moderate commitment to filling the vacancy,
resulting in moderate commitment of resources from recruitment firms
Client communicates high commitment to filling the vacancy,
resulting in high commitment of resources from recruitment firm
Moderate level of confidentially
High level of confidentiality, therefore more suitable for sensitive
issues such as replacement positions
More commonly used in certain industries, e.g. IT, and first-tier regions
*Both type of searches can charge anywhere from 20 percent to 33 percent of the prospective employee’s first-year gross annual compensation
FOR MORE INFORMATION
Contact
Selma Mo
Account Manager
Direct HR
s.mo@directhr.cn+ 86 755 2238 5221