There are typically four different methods of Executive Search, and each has their own pros and cons. Search firms vary in their processes, but also in their knowledge of a specific market. Some companies resist Retained Searches because of a negative prior experience where the role was not filled. However, working with a specialized firm that knows the marketplace and the players will provide faster results and the desired outcome – filling a crucial role.
Dennis Partners typically recommends Retained Searches for senior Regulatory titles (VP, SVP or CRO) or urgent roles. A Contingent Search can often suffice for a more junior role (Senior Manager or Associate Director) with a low sense of urgency. An Engaged Search (also sometimes known as a “Co-tained” Search) is hybrid search model which provides the superior performance of a Retained Search but with an upfront cost efficiency and payment structure that is competitive with Contingent Searches. We often recommend Engaged Searches for mid-level roles (Director or Sr. Director) which are difficult to fill.
Below are the pros and cons for each type of search:
Dennis Partners offers Retained, Engaged, and Exclusive Contingent searches for our clients. Since our inception, Dennis Partners has placed over 275 Regulatory professionals, including 31 VPs/Heads of Regulatory. We also place Regulatory contractors and consultants if you need temporary Regulatory support. You can view some Case Studies on our recent placements here: https://dennispartners.com/case-studies/
Please keep us in mind if you need assistance with your Regulatory hiring!