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ommunity portal recent changes upload file special pages search search appearance donate create account log in personal tools donate create account log in contents move to sidebar hide top 1 executive search firms 2 types of executive search toggle types of executive search subsection 2 1 retained search 2 2 contingent search 2 3 pros and cons 3 regulation and standards 4 see also 5 references toggle the table of contents executive search 12 languages čeština deutsch magyar bahasa indonesia italiano 日本語 한국어 polski português русский українська 中文 edit links article talk english read edit view history tools tools move to sidebar hide actions read edit view history general what links here related changes upload file permanent link page information cite this page get shortened url switch to legacy parser print export download as pdf printable version in other projects wikidata item appearance move to sidebar hide from wikipedia the free encyclopedia specialized recruitment service this article needs more citations please help improve this article by adding citations to reliable sources unsourced material may be challenged and removed find sources executive search news newspapers books scholar jstor may 2018 learn how and when to remove this message executive search informally often referred to as headhunting is a specialized recruitment service where organizations pay firms to actively seek out and recruit highly qualified candidates for senior level and executive jobs across the public and private sectors as well as non profit organizations e g president vice president ceo and non executive directors 1 headhunters may also seek out and recruit other highly specialized and or skilled positions in organizations for which there is strong competition in the job market for the top talent such as senior data analysts or computer programmers citation needed the method usually involves commissioning a third party organization typically an executive search firm but potentially a standalone consultant or consulting firm to research the availability of suitable qualified candidates working for competitors or related businesses or organizations having identified a shortlist of qualified candidates who match the client s requirements the executive search firm may act as an intermediary to contact the individual s and see if they might be interested in moving to a new employer the executive search firm may also carry out initial screening of the candidate negotiations on remuneration and benefits and preparing the employment contract in some markets there has been a move towards using executive search for lower level positions driven by the fact that there are fewer candidates for some positions and in some cases increasing levels of demand citation needed executive search firms edit an executive search firm is a type of professional service firm that specializes in recruiting executives and other senior personnel for their client companies in various industries executive search agents professionals typically have a wide range of personal contacts in their industry or field of specialty detailed specific knowledge of the area and typically operate at the most senior level of executive positions executive search professionals are also involved throughout the hiring process conducting detailed interviews and presenting candidates to clients selectively when they feel the candidate meets all stated requirements and would fit into the culture of the hiring firm 2 executive search firms typically have long lasting relationships with clients spanning many years and in such cases the suitability of candidates is paramount when corporate entities elect to use an outside executive search firm it is usually because they lack the internal research resources professional networks or evaluative skills to properly recruit for themselves 3 using an outside firm also allows the corporate entity the freedom of recruiting from competitors without doing so directly and the ability to choose among candidates that would not be available through internal or passive sourcing methodologies executive search firms are national and international many specialize in a particular business industry sector 4 the contractual relationship between client and executive search firm falls into two broad categories contingent and retained contingent recruiters are paid only upon the successful completion of the search assignment 5 retained recruiters are paid for the process typically earning a recruiting fee in three stages based on the anticipated compensation of the executive in 1959 the association of executive search and leadership consultants aesc emerged to set the standards of quality and ethics for the executive search consulting trade 6 aesc members range in size from large global firms and networks to boutique firms spanning more than 70 countries 7 types of executive search edit retained search edit high end executive search firms often charge a retainer to perform a search for a corporate officer or other senior executive position 8 retained recruiters work for the organizations that are their clients not for job candidates seeking employment in some countries such as the uk recruiters are not legally permitted to charge candidates 9 contingent search edit contingent search firms are remunerated only upon the successful completion of the search typically when the candidate accepts the position much like traditional recruitment 10 these recruiters may earn from 20 to 35 of the candidate s first year base salary or total remuneration as a hiring fee the fee may also be calculated to include the candidate s that is the successful hire s median or expected first year bonus payout in any case the fee is as always paid by the hiring company not the candidate hire pros and cons edit clients companies seeking to hire often tend to work with contingent search firms when filling mid level positions as contingent search firms generally rely heavily on their contacts and seldom work on an exclusive basis it is not rare for a client to work with a large number of contingent recruiters on the same search at the same time in order to maximize the volume of candidate job seeker resumes they receive 11 moreover contingent search firms often work with clients on higher percentage fee basis relative to retained search firms as they shoulder more risk and the process is often more consultative 12 for senior level roles clients often prefer to work with firms who have performed well in the past for them and usually will end up in the hands of a retained recruiter citation needed by working exclusively with one firm on such searches the client generally develops a much deeper relationship with the recruiter and receives a much higher level of service citation needed with all methods clients rely on search professionals to provide not just resumes but also consultative information about the market in general as well as additional tools such as psychometric profiling during the interview process 13 regulation and standards edit there is little regulation or oversight of the executive search industry globally in the united kingdom there is a standard voluntary code of conduct for executive search firms which was launched following the davies review in 2011 it has been progressively refined and enhanced over time 14 the code has 11 provisions which firms who voluntarily sign up to the code are expected to adhere to 15 see also edit employment agency list of executive search firms onboarding personnel selection recruitment references edit corporate headhunters are more powerful than ever the economist 6 feb 2020 archived from the original on 16 mar 2021 baldo c flynn d sanders via c 2025 executive recruitment process explained through task analysis pdf quarterly review of business disciplines 12 1 2 12 34 archived pdf from the original on 2025 09 08 retrieved 2025 10 14 cappelli peter 2019 05 01 your approach to hiring is all wrong harvard business review issn 0017 8012 retrieved 2026 01 08 enhancing candidate matching and mitigating bias in talent acquisition pdf coverdill james 1 jul 2014 contingency headhunters what they do and what their activities tell us about jobs careers and the labor market the oxford handbook of job loss and job search oxford university press isbn 9780199983988 cite book cs1 maint date and year link jenn nancy garrison 2005 04 01 headhunters and how to use them a guide for organisations and individuals john wiley sons p 23 isbn 978 1 86197 734 2 the association of executive search and leadership consultants archived 2017 10 11 at the wayback machine 2017 executive search headhunting research starters ebsco research ebsco archived from the original on 2026 01 19 retrieved 2026 01 08 acting as an intermediary between persons seeking work and a hirer gov uk retrieved 2026 01 08 business advice contingency recruitment work the system recruiter www recruiter co uk archived from the original on 2025 07 25 retrieved 2026 02 06 contingent vs retained executive search which is right for you hr executive archived from the original on 2021 01 15 retrieved 2021 01 29 percival chris 2026 01 21 retained executive search fees vs in house recruitment risks cjpi archived from the original on 2025 11 14 retrieved 2026 02 06 evolving leadership competencies in rapidly changing markets pdf retrieved 8 jan 2026 the standard voluntary code of conduct for executive search firms gov uk archived from the original on 2025 06 20 retrieved 2026 02 06 the standard voluntary code of conduct for executive search firms gov uk archived from the original on 2025 06 20 retrieved 2026 02 06 v t e employment classifications academic tenure casual contingent work full time job gig worker job sharing part time job self employment side job skilled worker journeyman technician tradesperson independent contractor labour hire temporary work laborer wage labour hiring application background check business networking cover letter curriculum vitae drug testing employment contract employment counsellor executive search list induction programme job fair job fraud job hunting job interview letter of recommendation onboarding overqualification person environment fit personality job fit theory personality hire probation realistic job preview recruitment résumé simultaneous recruiting of new graduates underemployment work at home scheme roles cooperative employee employer internship job labour hire permanent employment supervisor volunteering working class blue collar green collar grey collar pink collar precariat white collar red collar new collar no collar orange collar scarlet collar black collar gold collar career and training apprenticeship artisan master craftsman avocation career assessment career counseling career development coaching creative class education continuing education e learning employability further education graduate school induction training knowledge worker licensure lifelong learning overspecialization practice based professional learning professional association professional certification professional development professional school reflective practice retraining vocational education vocational school vocational university mentorship occupational outlook handbook practice firm profession operator professional tradesman vocation attendance break break room career break coffee badging compassionate leave bereavement leave furlough gap year leave of absence long service leave no call no show sabbatical sick guilt sick leave stress leave tardiness time clock schedules four day week eight hour day 35 hour workweek 996 working hour system flextime hybrid creep on call overtime remote work return to office rto six hour day shift work working time workweek and weekend wages and salaries decoupling of wages from productivity frisch elasticity of labor supply global labor arbitrage labour economics labor share labour supply living wage maximum wage median income minimum wage canada hong kong europe united states national average salary world europe pay bands price elasticity of demand progressive wage singapore overtime rate paid time off performance related pay remuneration salary cap wage growth benefits annual leave casual friday child care disability insurance health insurance life insurance marriage leave parental leave pension by country perk cession sick leave united states take home vehicle well being washing taxes payroll tax tax bracket income tax negative disposable income salary packaging unreported employment safety and health crunch epilepsy and employment human factors and ergonomics karoshi list of countries by rate of fatal workplace accidents occupational burnout occupational disease occupational exposure limit occupational health psychology occupational injury occupational noise occupational stress personal protective equipment repetitive strain injury right to sit united states sick building syndrome work accident occupational fatality workers compensation workers right to access the toilet workplace health promotion workplace phobia workplace wellness equal opportunity affirmative action discrimination equal pay for equal work gender pay gap glass ceiling infractions corporate collapses and scandals accounting scandal control fraud corporate behaviour corporate crime exploitation of labour dress code employee handbook employee monitoring evaluation labour law sexual harassment sleeping while on duty wage theft whistleblower workplace bullying workplace harassment workplace incivility willingness boreout careerism civil conscription conscription critique of work dead end job employment rate list job satisfaction mcjob organizational commitment refusal of work slavery bonded labour human trafficking labour camp penal labour peonage truck wages unfree labour wage slavery stay interview workforce work ethic work life interface downshifting slow living workaholic termination at will employment dismissal banishment room constructive dismissal wrongful dismissal employee offboarding employee turnover exit interview labour market flexibility layoff xiagang notice period pink slip resignation letter of resignation restructuring retirement mandatory retirement retirement planning retirement spend down severance package golden handshake golden parachute unemployment barriers to entry discouraged worker economic depression great depression long depression frictional unemployment full employment graduate unemployment involuntary unemployment jobless recovery neet phillips curve recession great recession job losses caused by the great recession lists of recessions recession proof job reserve army of labour structural unemployment technological unemployment types of unemployment unemployment benefits unemployment convention 1919 unemployment extension list of countries by unemployment rate wage curve youth unemployment public programs workfare 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