What are the differences between the two types of executive recruiters? How do firms benefit from using executive recruiters?

What will be an ideal response?

Answer: Executive recruiters may be contingent or retained. Retained recruiters are paid whether or not the employer eventually hires the executive through the efforts of the search firm. These recruiters tend to focus on executive positions paying $150,000 or more. Contingency-based recruiters tend to handle junior to middle level management job searches in the $50,000-$150,000 range. Recruiters bring a lot to the table. They have many contacts and are especially adept at finding qualified employed candidates who aren't actively looking to change jobs. They can keep your firm's name confidential until late into the search process. The recruiter can save top management's time by finding and screening an applicant pool. The recruiter's fee might actually turn out to be small when you compare it to the executive time saved.