Employment Agency
- works on behalf of the
applicant
An employment agency finds jobs for people. The pool of
applicants is limited to those persons who are seeking employment and
have registered with the agency. The agency receives a fee for
successful placement of individuals.
Publication Advertising
- newspaper and magazine ads;
Internet
The
company publishes a print or electronic ad announcing a specific job
opening and the necessary qualifications. Interested individuals respond
by mail, fax, or email. Hiring with this process can save fees, but is
time-consuming.
Contingency Search
- search
firm hired to submit resumes
A Contingency Search is used primarily to staff lower and middle
management positions. A pool of candidates is submitted (sometimes by
several search firms), then the client must review each resume and
conduct interviews - a time-consuming process. The client pays a fee to
the search firm who represents the chosen candidate.
Retained Search
- search
firm works on behalf of the client
Retained
Searches are primarily used to staff senior management positions. Ideal
candidates for these positions are typically not actively seeking new
employment. The search firm is hired to identify potential candidates
who may fit the corporate culture. The firm will contact and interview a
short list of candidates and present them to the client. Retainer fees
are typically paid along with a percent of candidate's salary.
