Lack & Daily, Inc. Executive Search Consultants

Types of Search - Retained vs. Contingency

Lack & Daily conducts either Retained or Contingency searches for our clients, usually based on the level of the position to be filled. In both cases, we are committed to providing only qualified candidates and offering our clients expert guidance in background evaluation, position appropriateness, offer negotiation and closing.

Contingency Search
When we work with a client on a contingency basis, candidates are evaluated for appropriate education, background and fit with the company's specification and culture. Although we can not commit to meeting candidates in person, an effort is made to do so when geographically possible. Under this arrangement, our fee is billed when the placement is completed and the newly hired individual commences employment.

Retained Search
Retained searches are usually undertaken for more senior assignments, with the following standard approach:

•
Analyze client corporate culture and personality

• Define client requirements and formulate position specifications

• Research target companies and identify appropriate candidates

• Interview and evaluate candidates in person

• Present final candidates

• Thoroughly reference check final candidate(s)

• Assist in offer negotiations and follow-up

Under this arrangement, our fee is billed in three equal installments beginning at the inception of the search assignment, with the final installment billed only after the individual commences employment.