Tired of Hitting Dead Ends in Your Executive Search?
You're not alone. Finding the perfect leader for a critical role can feel like searching for a needle in a haystack. Contingent searches often fall short, leaving you frustrated and facing costly delays.
But what if there was a better way?
We've generated over $9 million in value for our clients through our relentless and results-driven DreamHire searches, consistently delivering top-tier talent that accelerates their success and drives exceptional outcomes.
And today, we’re giving it away and letting you in on the secret sauce!
Businesses are now looking towards retained search firms to secure top-tier executive talent in the competitive market. While contingent search has been a popular choice for some time, the advantages of retained executive search are becoming increasingly evident to companies in search of exceptional candidates for crucial roles. Over 5% of LinkedIn’s 49 million users are active job seekers. By engaging with a search firm, you can tap into the remaining 95%, significantly expanding your reach to a larger pool of passive candidates.
KAPITAL has emerged as a trusted ally for numerous organizations nationwide, specializing in niche retained searches. Our DreamHire searches boast an impressive retention rate of 96%, shielding organizations from the repercussions of a poor hiring decision and ensuring long-term success. Retained search firms have gained popularity as a strategic choice for organizations looking to fill key leadership positions with the best candidates available. Unlike contingent search, retained executive search offers a more personalized and dedicated approach, ensuring a thorough and tailored recruitment process.
Retained search and contingent search are two distinct approaches to executive recruitment, each with its own benefits and considerations:
Retained Search: In this model, a company partners exclusively with a search firm to fill a specific executive-level position. This approach involves a deep understanding of the company's culture, requirements, and expectations, fostering a collaborative effort throughout the search process.
Contingent Search: This approach may initially seem advantageous due to access to a larger candidate pool at no upfront cost. However, contingent searches often get abandoned when recruiters face challenges, leading to less reliable results.
Our DreamHire searches have seen a staggering 96% retention rate which speaks volumes about our ability to find the absolute best fit for your organization.
The Assistance Fund was struggling to fill a crucial Salesforce Workforce Performance Analyst role for over four months. Despite their best efforts, the search yielded no suitable candidates. Upon partnering with our team for a retained search, we were able to leverage our specialized network and industry expertise to find the perfect fit within just five weeks from the start of the search. This swift turnaround not only saved valuable time for the company but also ensured the role was filled with a highly qualified candidate, driving improved performance and results.
This isn’t just another resource—it’s your gateway to mastering retained search with insights directly from industry experts. Whether you’re an experienced recruiter or just beginning your journey, these trade secrets will set you apart in a competitive market.
There are many benefits of choosing a top retained search firm for a niche position that you have to fill on your team but here are the top 5 reasons you definitely should choose KAPITAL’s Retained Search services:
1. Personalized and Dedicated Approach
One of the key benefits of partnering with KAPITAL for a retained search is the personalized and dedicated approach that we take in identifying and attracting top-tier candidates. By engaging with us as a part of your talent acquisition strategy, you can tap into our extensive network, industry expertise, and resources to access a more targeted pool of qualified candidates. This focused effort helps ensure that the candidates presented align closely with your strategic goals and cultural fit.
2. Heightened Investment of Time and Resources
KAPITAL invests a lot of time and resources in each search assignment, conducting in-depth research, and thorough assessments to get a 360-degree understanding of the role, team, and expectations of the role. This helps us build a custom talent acquisition strategy and identify candidates that fit all aspects of the role and your team.
3. Multi-Tier Vetting Process
KAPITAL’s team ensures 3 rounds of vetting for each candidate before sending them across to you - our client. This also reduces the burden for the hiring manager to do an initial assessment and ensure that all candidates are actually skill, behavioral and culture fits and not just. Additionally, this thorough vetting process helps mitigate the risk of a bad hire and increases the likelihood of securing a successful long-term executive placement.
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4. Weekly Steering Meetings
KAPITAL’s weekly steering meetings for each search have been one of the biggest contributors to the success of our clients as they are proactively updated in those meetings about the search’s progress, and market insights and it helps them benchmark candidates. This helps ensure that the search is headed in the right direction throughout the search process with no drops in the communication between the team and the client.
5. Ownership of Commitment and Accountability
Another advantage of KAPITAL’s retained search is the level of commitment and accountability that comes with the exclusive partnership between our clients and our team. 46% of new hires fail within 18 months, but we have a 96% retention rate at one year and 93% at two years. To demonstrate our accountability, we offer clients a 12-month free replacement policy, ensuring zero recruitment risk. By working closely together, both parties are fully invested in the success of the search, leading to a more collaborative and transparent recruitment process.
Clients should consider partnering on a retained executive search when they have a critical or high-level position to fill that requires a comprehensive and customized search approach. Retained search firms are well-equipped to handle complex and specialized searches, especially for executive-level roles or positions that are pivotal to the organization's success.
By engaging in a retained search, clients signal their commitment to finding the best possible candidate for the role, recognizing the importance of investing in a thorough and strategic search process. This approach allows for a deeper level of collaboration and expertise, ensuring that the client receives personalized attention and a tailored search strategy that is specifically designed to meet their unique hiring needs.
Not sure if you need the expertise of a retained search firm? This downloadable checklist will help you decide. Answer these questions to determine if partnering with a retained search firm is the right move for your organization.
In conclusion, the decision to partner with a retained search firm for executive recruitment can prove to be a strategic and beneficial choice for companies in need of top-tier talent. The personalized and dedicated approach, heightened investment of time and resources, multi-tier vetting process, weekly meetings, and ownership of commitment and accountability are key factors that set retained search apart from contingent search.
Choosing a retained search firm is ideal for critical or high-level positions that require a customized and comprehensive retained executive search strategy. By engaging in a retained search, companies demonstrate their commitment to finding the best candidate for the role, leveraging the search firm's expertise and resources to ensure a successful and tailored executive placement. This collaborative and strategic approach can lead to long-term success and satisfaction in securing top executive talent for key positions within the organization.
See if you can answer “YES” to any of these questions to determine if partnering with a retained search firm is the right move for you!