Retained Executive Search

Under retained recruitment conditions, np group acts as a fully 'outsourced' recruitment arm of a client’ s organisation and conducts a recruitment process on the client’ s behalf. The recruitment process is tailored to meet the client's specific needs, through detailed consultation and constant communication with the client.

Every retained assignment that np group undertakes is supported with a detailed written proposal, which we refer to as a Statement of Works (SOW). This outlines the scope of work agreed in the consultation, fee structure and responsibility of both parties to each other for the duration of the assignment. In such engagements np group is held accountable for the recruitment process by the client, with regular update and feedback sessions built in to ensure collaboration and a successful outcome.

On appointment, a senior account manager is designated to the client for the duration of the assignment, which is supported by escalation to senior np group management being made available to the client. The recruitment process that we use is rigorous and a detailed search is conducted to find ideal candidates, who are then subjected to a comprehensive screening and interview process. Once a short list is determined, np group will work closely with the client to arrange interviews, undertake reference checks - providing certain anonymity to the search assignment, along with the tertiary benefit of protecting the client’ s most precious asset of time.

The standard fee structure commensurate with a retained assignment results with the client paying one-third of the fee at commencement of the assignment; one-third upon delivery of a short list; and the balance upon successful placement of the ideal candidate – which is generally known as a performance based retainer. In this way the client is paying for a ‘service’ in recognition of the time and materials that are expended in conducting the assignment. For high level positions or business critical hires this is recognised as the most efficient way to secure talent, as recruitment agencies engaged on a non-exclusive contingent basis generally do not apportion the necessary resources and energy to the assignment.

If you would like to know more about how Retained Executive Search can benefit your business please either
telephone +44 (0) 20 7953 0000 or email: info@groupnp.com today.