Executive search recruitment service is used to hire candidates for executive positions in various organizations. Executive required in any organization from low to high levels in many departments.
There are companies out there that are known as an executive search firm. These companies work as a third party to the recruitment of your company. By reading this article you can get the best information about executive search & headhunting firms.
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Now we will discuss the work of these companies. There are three types of executive search model. The work of each model is somewhat different.
Changed Executive Search
In this search model, the company hired a company to recruit an executive officer or senior to them. Costs that executive search firms typically charge 30% of the annual salary of executives recruited and paid in three installments.
Search restricted or involved
This model search is similar to the search maintained with certain differences. Similar to the retained search, it requires companies to pay the executive search firm in the face, but on condition that the fee is refunded in case if the company is not able to find an executive who is suitable for the post.
These companies are somehow different from the two above. These companies are not getting paid in advance, but only once the executive has joined the company. these companies usually get 20% of the annual salary of executives recruited. They received payments from the company employees not always of people employed.