Retained Search
An exclusive, high-touch recruitment partnership where a search firm is paid upfront retainer fees to conduct an exhaustive, dedicated search for senior leadership.
What is Retained Search?
Retained search is the gold standard for executive, confidential, and mission-critical corporate hires. The client pays an exclusive search firm an upfront retainer fee (often one-third of the anticipated fee upon agreement, one-third upon candidate shortlist presentation, and one-third upon placement). In exchange, the firm dedicates senior partners to map competitor markets, conduct psychometric assessments, and deliver a curated slate of vetted finalists.
Key Dimensions of Retained Search
Why Retained Search Matters in Modern Global Workforce Management
For C-suite and high-stakes leadership roles where failure carries catastrophic business consequences, retained search guarantees complete market coverage, discretion, and rigorous assessment.
Implementation Best Practices
Demand Transparent Market Mapping
Request detailed intelligence reports showing every executive approached and their market feedback.
Involve Board Stakeholders
Ensure interview slates are reviewed by key governance committee members.
Common Questions About Retained Search
How do retained search fees compare to contingency recruiting?
Retained search typically costs 30-35% of first-year total guaranteed compensation, paid in milestones, reflecting extensive consulting and research time.
Related Glossary Terms
Engaged Search
A hybrid recruitment model combining elements of contingency and retained search, involving a modest upfront commitment followed by a completion fee.
Executive Search
A specialized recruitment service focused on identifying, vetting, and securing high-level C-suite, VP, and Board-level organizational leaders.
Talent Mapping
The proactive process of researching and charting the external talent landscape within specific competitor organizations, industries, and geographies.
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