subject: How To Choose A South Florida Executive Search Firm [print this page] Once you have decided to conduct a South Florida executive search by employing one of the South Florida executive recruiters, there are certain areas in which these forms should be evaluated to ensure they will fill the needs of your company. There are different types of South Florida executive search firms and the type chosen may determine ultimate satisfaction with the whole recruitment experience. In some ways, hiring one of the South Florida executive search firms is very similar to hiring an employee. You have to be sure it is a good fit for your individual company.
There are three basic types of South Florida executive search firms based on the structuring of fees and payment schedules:
*Retained South Florida Executive Recruiters The relationship between this type of South Florida executive search firm and the hiring company is usually an exclusive one. The firm is hired for a specified period of time to conduct the South Florida executive search and for the position to be successfully filled. Payment to the firm is usually made in three installments corresponding with the initiation of the search, presentation of candidates to be interviewed and hiring of the chosen candidate. The total of the fee for this process is usually 30% - 35% of the annual first-year salary for the position to be filled.
*Contingency South Florida Executive Search Firms These firms are usually contracted to fill mid-level or lower management positions. The fee for the services of this type of South Florida executive recruiters is only if the company hires a candidate presented by them and is usually the equivalent of 20% - 30% of the first-year salary for the position. Since the fee is transaction-oriented, communication between the hiring company and the firm conducting the South Florida executive search will be vital to inspiring the recruiter to focus on producing a good pool of candidates.
*Container South Florida Executive Recruiters These types of South Florida executive search firms utilize a combination of the retainer fee structure and that of the contingency South Florida executive search firms. The South Florida executive search will be initiated upon receipt of a $5,000 to $8,000 up-front fee. Once the position is filled, a fee equal to 20% - 25% of the positions first year salary will be due.
Once the fee structure and type of South Florida executive search firms has been chosen, it is important to assess the experience and reputation of the firm. All South Florida executive recruiters worth their salt will happily provide a list of previous clients for whom they have successfully completed candidate placement. These past clients should be treated as references and contacted to verify that the work was completed in a timely and professional manner. In addition to satisfactory references, there are certain criteria and statistics relevant to choosing a firm to conduct a South Florida executive search:
*Number of days expected between the start of the search and the first candidate submittal
