Contingency Search

Contingency Search:

In a contingency type search, companies often hand the position over to numerous search firms because there is no cost to them. One firm may begin a search on the position, only to find out after two or three weeks, that another firm has placed a candidate in the position. Therefore, the time and expense acquired does not get paid and must be made up on other positions filled.

The job is entry or mid-level management, typically paying a salary below 25 lacs per annum. The job needs standardized, clearly-defined skills and experiences. Filling the post rapidly is more important than locating the "ideal" candidate. It would be valuable to see many resumes on a continuing basis. Multiple positions with the same skills need to be filled. It is important to fill the position at minimum cost. The post can be filled locally, to save time and relocation costs. There is a wide pool or universe of potential candidates.