For a retained search with Lexington Staffing, the fee is divided into two parts. The first part is paid at the beginning of the search and is 50% of anticipated search fee. The remaining 50% is paid when Lexington Staffing has successfully identified the right candidate for your open position and an offer has been accepted by the candidate. Retained searches are given priority status in terms of the level of consulting talent assigned to conduct the search and the time and resources that are dedicated to the project.
Retained searches take precedence over contingency searches because a client company is securing a commitment from the search firm by giving a retainer to prioritize the search. Lexington Staffing prioritizes searches by dedicating a team of sourcing professionals to the project, setting target dates for specified deliverables, use direct deep-channel sourcing, and giving the client company the right of first refusal of sourced candidates. Another benefit of initiating a retained search is that it allows potential candidates to see how serious the hiring company is about filling the position. By marketing the open position as a retained search it gives credibility and legitimacy to the search firm’s consultants when discussing this position with potential applicants which generates more interest in the passive candidates we source for you.