The Manning Search Group has multiple ways to meet your needs through contingency, engagement or retained searches.
Retained searches are generally considered for Executive Searches or those searches where you are placing incentives with MSG to clear our desk and devote 100% of our resources to filling your opening in the shortest possible time. Generally, a retained search requires a 1/3 retainer up-front to engage our services. We earn the next 1/3 fee through performance requirements specified in our contract. Lastly, the final 1/3 fee is paid once MSG has completed the search and filled the position. Retained searches identify highly qualified candidates that are presented exclusively to your firm until you determine your interest of hiring or disqualifying. Generally our staff will make a minimum of 75-100 contacts per day in order to screen through and identify these candidates. Every effort is made to identify those candidates that have high superior performance with your competitors or similar industry companies. A retained search warrants our best pricing in exchange for your commitment.
An engagement search is similar to a retained search since you are paying a minimal engagement fee to show your commitment to this project and to get our commitment to give you preferential time on the project as compared to contingency clients. Engaged fees will generate a minimum of 75 to 100+ contacts per day to identify a highly qualified candidate. We will present at least 3 qualified candidates for each engaged-project. MSG will offer a 60-day replacement guarantee for an engaged-search. Since you are committed to the search and have a sense of urgency, MSG will set aside time and resources to fill this position as priority over contingency clients.
Lastly, contingency searches are your lowest risk option since you are not obligated to pay MSG until you have extended an offer to our candidate and they have accepted and begun work. Our payment is expected within 15 days of their start date. The contingency search however is a search process whereby we will allocate time available among all of our other contingency searches. We try to identify and present 1 to 3 qualified candidates to meet your needs but these candidates could be presented to other contingent clients at the same time. A 30-day guarantee period is included, for a percentage of the candidate’s first year guaranteed compensation.