BLOOM is a specialised executive search firm with decades of experience in contingent search, contained search and retained search offerings. We work with all manner of companies—from large to small and everything in between.
Retained Search is reserved as a higher level service which includes a dedicated recruiting project team with superior expertise to represent your organization and attract senior level passive candidates.
Clients who are looking to fill senior level vacancies and confidential replacement searches generally prefer retained search. The standard fee in Retained Search is based on the total annual expected compensation for the position and payments are billable in 3 installments: The first payment is to initiate the search, the second once two candidates have completed their first interviews, and the final payment upon the candidate signing the offer letter.
We track all of the candidates we communicate with and provide ongoing updates to the client with the progress and status of the search. This model is designed to give the client the confidence that the entire search is being fully managed and that they have a dedicated team of experts who are providing them with the best viable candidates in the market.
Contained Search is considered the hybrid pricing model as it is often the logical choice for clients who would still like the superior performance of retained search, but with the urgency, upfront cost efficiency and payment structure that is competitive with Contingent Search.
The standard fee in Contained Search is based on the total annual expected compensation for the position and comes with a Full Replacement Guarantee and payments are billable in 2 installments. The first payment is a deposit to initiate the search and the final remaining balance payment is billable upon the candidate’s start date.
The Contained search is an excellent model for critical hiring needs at that need to be fulfilled by a defined date. We suggest this model for clients who have hiring vacancies that must be completed within a 6-8 week window as we put a great sense of urgency towards the search.
Contingent Search is preferred by clients generally for lower-level to mid-level searches when they would like to work with multiple recruiting firms on their searches.
The standard fee in Contingent Search is of the total annual expected compensation for the position and comes with a Full Replacement Guarantee and payment is in one installment for the full search fee amount, billable on the candidate’s start date.