Contingency, Retainer or Engagement Fee: What is The Best Way To Work With A Recruiter?
- Mar, 17 2011
- By Greg Ness
- For Employers
- No comments
Organizations that work with recruiters and recruiting companies to help fill mission-critical positions have various options available when looking to hire a recruiter to provide these services. However, the three most common remuneration methods are contingency, retainer and engagement fee. There is no right or wrong answer as to which type of working relationship is better – it can depend on a number of factors.
Contingency
A contingency arrangement tends to be more of a client-vendor relationship. A client may have several recruiters that are attempting to fill a position. While a client may assume that having multiple recruiters to…
