Ever since the idea of a good career settled into the minds of the population, head hunting services have been on the climb. Head hunters are known for specialising in the area of hiring candidates best suited for a position. This can be in any industry – finance, consultancy, arts, etc. Head hunters have access to a pool of candidates who are searching for highly specific job profiles for themselves; they match up these candidates with the right recruitment opportunity which ends up helping all the parties involved. In this blog, you will understand how head hunter companies in Thailand are the powerhouse of human resources related tasks.
There are various methods using which head hunters help firms hire the right candidates. Each of these modes has different specifications. Read on to know about these intricate specialities that head hunting firms have.
Retained search mode
This is a specialisation where executive search firms are paid up-front for each candidate suggested by them who gets hired. The fee is usually some percentage of the annual compensation of the newly hired candidate. Head hunters functioning on this model usually have corporate firms as their clients and do not function on behalf of job-seekers.
Contingent search mode
The recruitment agencies functioning on this method have a special arrangement – they are paid their fee only when the successful selected candidate accepts the position. The fee, in this case, is higher than retained search mode, and may even include a percentage of employee bonus.
This search is often confused with retained search; there are certain clear differences between the two. In delimited search, the pay-outs are based on deliverables. The fee received by the recruitment agency is refundable if there is a failure in deliverables.
Recruitment agencies, or head hunters as they are popularly known, are a highly specialised group of people. Their skills help companies find the right candidate.