• Home
  • About
    • Disclosure & Disclaimer
    • Privacy Policy & Terms of Use
  • Advertising
  • Guest Posting
  • Tools

Wealth Gospel

Earn, Save, and Invest Money

  • Budgeting
    • Behavior
  • Credit
  • Debt
    • Behavior
  • Giving
  • Investing
    • Insurance
    • Risk Management
  • Life
    • Family
    • Life Skills
    • Marriage
    • Personal
    • Deep Thoughts
    • Awesome
  • Net Worth
  • Retirement
    • Planning
  • Saving
    • Frugality
    • DIY
  • Work
    • Hustling

Secrets of the Headhunters

January 30, 2018 by Justin Weinger Leave a Comment

Whether you’re considering joining one of London’s top Executive Headhunting Firms, thinking about finding one to fill top-level a vacancy in your business, or working with one to get your next job, it’s worth knowing a little about how these firms operate, to help you make the best decision for you.

Firstly, especially if you’re considering working with a headhunter or high-level recruiter to get a job, you should remember that these firms work for and on behalf of the company they are recruiting for. In most cases they have a benign relationship with all parties, but it’s worth bearing in mind that at the end of the day, a recruiter is briefed by and ultimately answers to the company they’re working for. If you’re an employer, that’s good news! You’re the one in the driving seat, and if you’re not getting candidates that are suitable you have the authority to tell the recruiter where they’re going wrong.

Terms

Most headhunting agencies work in one of two ways: retainer or contingency. If they work on retainer, they have a lasting relationship with the company they’re recruiting for, and have smaller fees paid at the beginning and middle of the recruiting process as well as a larger one when the hire is at last finalised. This works well for large companies who fill a lot of positions – a drip feed of turnover can justify keeping a recruitment firm on retainer.

For smaller firms, or simply businesses that don’t anticipate a lot of need for recruitment, contingency is a better option: the firm is only contacted with the specific brief to find candidates for a specific role and will be paid in a lump sum when the hiring process is complete. While this saves some money for companies that really won’t be recruiting much, opting for contingency over retainer contracts as a matter of course often proves to be an example of short term thinking.

Retainer contracts allow a headhunter to invest in a developing relationship with the business, gaining a deep understanding of their needs, their culture and the sort of people who would thrive there. This allows them to provide better and better candidates for the available roles: for one thing, this understanding lets them pull the right people from their network quicker, for another having a long-term relationship with a company is a vote of confidence in that company. Candidates will see that an endorsement, and be more willing to come forward!

FacebookredditlinkedinFacebookredditlinkedin

Filed Under: Featured

Leave a Reply Cancel reply

You must be logged in to post a comment.

Recent Posts

  • Digital Deals: How to Save More When Shopping Online
  • Tips for Trading the DAX 30 Index
  • 7 Ways to Make Money in Less Than One Hour
  • Best Ways to Improve a Bad Credit Score
  • 5 Ways to Start Preparing for Retirement
  • How to Save a Little Extra Money this Summer
  • How to Avoid Living Beyond Your Means
  • Some of Your Biggest Money Wastes
  • How You Can Save on Food Expenses
  • Tricks on How You Can Save Money in No Time
  • Ways You Can Get Ahead with Your Finances
  • Key Considerations When Trading Online With Bitcoin
  • Secrets of the Headhunters
  • Credit Card Mistakes You Could Be Making
  • Top Tips When You Have the Builders In
  • Improving Your Credit Score Should be a Priority in 2018
  • Expenses You Can Save Money on Going Forward
  • Debts to Pay Off Before You Retire
  • How You Can Avoid Overspending this Holiday Season
  • Reasons Why You Could Go Into Credit Card Debt

Recent Comments

  • Credit Card Mistakes You Could be Making on How Life Insurance Can Help You Build Wealth
  • Some of the Biggest Money Wastes You Could be Making | Edward Antrobus on How Life Insurance Can Help You Build Wealth
  • Now is the Time to Get Your Finances in Order on How Life Insurance Can Help You Build Wealth
  • Ways You Can Boost Your Credit Score this Year on Budgets are Sexy
  • Money Saving Tips for 2018 on How Life Insurance Can Help You Build Wealth
  • Why It’s Smart to Use Your Credit Card for Christmas Shopping on Budgets are Sexy
  • 5 End of Year Tips for Broke Millennials on 4 Simple Rules to Make Retirement Savings Work for You
Finance Blogs

Search The Wealth Gospel

Copyright © 2023 · Magazine Pro Theme on Genesis Framework · WordPress · Log in