An executive search firm charges a fee only after a candidate has been hired by a client company. Which type of firm is it?
A)commission
B)retainer
C)contingency
D)contract

Question

Quizplus · Accepted Answer

Contingency search firms are paid a fee only if a candidate is hired by the client company. This type of firm often works on multiple searches at the same time and has a larger pool of candidates to choose from. Commission search firms are paid a percentage of the hired candidate's salary, while retainer search firms are paid a fee upfront and sometimes throughout the search process. Contract search firms are paid based on a contract negotiated with the client company, which can include various payment models such as flat fee or hourly rates.

An Executive Search Firm Charges a Fee Only After a Candidate