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10 Questions Employers Ask Before Hiring an Executive Search Firm

If you are considering working with an executive search firm for the first time — or evaluating whether your current approach is working — these are the questions we hear most often. We have answered each one directly so you can make an informed decision. Use the tabs below to filter by search type.

Retained Search Exclusively engaged, structured installments, passive candidate access, guaranteed placement.
Engagement ModelExclusive retained partnership with structured fee installments
Typical Fee25% to 33% of first-year base compensation, billed in stages
Timeline60 to 90 days from kickoff to accepted offer for most roles

What you get

  • Exclusive dedicated search team
  • Access to passive candidates not on the market
  • Deep market mapping and direct outreach
  • Screened, written candidate profiles
  • Placement guarantee included
  • Confidential search capability

Best for

  • Senior, VP, dean, C-suite level roles
  • Roles where the wrong hire carries real risk
  • Positions requiring discretion or confidentiality
  • Searches where candidates are not actively looking
  • Organizations without internal search capacity
Q 01 What is the difference between a retained search firm and a contingency recruiter?
A contingency recruiter only gets paid if they place a candidate. That sounds appealing on the surface, but it creates a misaligned incentive — they are motivated to move fast and submit volume rather than find the right fit. Multiple contingency firms may work the same search at once, meaning candidates are often contacted by several recruiters for the same role, which signals to the market that an organization is struggling to hire.

A retained search firm is engaged exclusively and paid in structured installments. That commitment goes both ways. The firm dedicates focused resources to the search, conducts deep market mapping, and approaches passive candidates who are not actively looking. For senior and specialized roles where the wrong hire carries real institutional risk, retained search is the standard.
Q 02 How long does a retained executive search typically take?
Most retained searches complete within 60 to 90 days from kickoff to accepted offer. Director and manager-level roles tend to close on the shorter end. Vice president, dean, and C-suite searches typically run longer due to the smaller candidate pool and more involved evaluation process.

Factors that extend a search include delayed feedback from hiring committees, shifting position requirements mid-search, and candidate counteroffers at the finish line. The single biggest accelerator is a client who is responsive, decisive, and aligned internally before the search begins.
Q 03 What does a retained executive search cost?
Retained search fees are typically structured as a percentage of the placed candidate’s first-year base compensation, generally ranging between 25% and 33%. The fee is billed in installments across the engagement rather than as a single payment at placement. This structure reflects the ongoing work being done throughout the search, not just the moment a hire is made.

At Excelon Associates, we work with clients to structure engagements that reflect the scope and complexity of the role. We are transparent about fees before any agreement is signed.
Q 04 Do retained search firms guarantee their placements?
Yes. Excelon Associates provides a replacement guarantee on all retained searches. If a placed candidate leaves or is terminated within the guarantee period for reasons within the scope of the original search, we re-engage the search at no additional retainer cost.

The specifics of the guarantee period are outlined in the search agreement and vary based on role level and engagement type. Our goal is a placement that holds, and our track record reflects that.
Q 05 Can Excelon Associates handle confidential or replacement searches?
Yes, and we do so regularly. Confidential searches require a different approach from the start. We conduct outreach without disclosing the client organization until a candidate has been screened and has expressed genuine interest. Position materials are carefully worded to describe the opportunity without identifying the institution.

We have managed replacement searches for sitting executives, sensitive leadership transitions, and situations where internal candidates are being considered alongside external ones. Discretion is not an add-on for us. It is a baseline expectation on every engagement.
Q 06 What should an employer expect during a retained search?
The process begins with a detailed position profile development session where we learn the role, the organization, the culture, and the leadership context. From there we conduct market mapping and direct outreach to a targeted candidate pool. You receive a shortlist of screened, qualified candidates along with written profiles and our assessment of each.

We coordinate interviews, manage candidate communication, support offer negotiations, and remain engaged through the start date. Throughout the search you have a dedicated point of contact and regular progress updates. You are never left wondering where things stand.
Q 07 What types of roles does Excelon Associates recruit for on retainer?
We recruit across the full organizational chart within our core sectors. In higher education that includes presidents, provosts, deans, vice presidents, directors of admissions, financial aid, student affairs, marketing, and academic department chairs. In healthcare we place clinical leaders, department directors, compliance officers, and administrative executives.

In financial services we recruit for private equity, venture capital, investment banking, and wealth management firms. We also handle international searches with active placements across the UK, Middle East, India, and beyond.
Q 08 How is Excelon Associates different from a general staffing agency?
General staffing agencies are built for volume. They fill roles quickly across a wide range of industries using largely the same process for every hire. Excelon Associates is a niche firm. We work exclusively within higher education, healthcare, financial services, and government, and we have done so since 2007.

That means our candidate networks, sector knowledge, and client relationships are deep rather than broad. We are not sourcing from the same active job seeker pool as a general agency. We are identifying and approaching people who are performing well in their current roles and may not be looking at all.
Q 09 Do you only work with employers in Asheville and Western North Carolina?
No. Excelon Associates is headquartered in Asheville, NC with additional offices in Boca Raton and Delray Beach, FL, but the majority of our work is national and international. We have placed candidates at institutions and organizations across the United States, the United Kingdom, the Middle East, and South Asia.

Our Asheville base gives us strong roots in the WNC market, but our reach and candidate network operate without geographic limits.
Q 10 How do I know if my organization is ready to engage a retained search firm?
A few indicators stand out. You have a senior or specialized vacancy where the wrong hire would have real consequences. You have tried to fill the role internally or through a job posting and have not found the right candidate. The position requires someone who is likely not actively looking. You need to move with discretion because the vacancy is not yet public.

Or you simply do not have the internal bandwidth to run a rigorous national search while managing everything else. If any of those apply, a retained search engagement is worth a conversation. We offer a no-obligation consultation to help you determine whether and how we can help.

The single biggest accelerator in any retained search is a client who is responsive, decisive, and aligned internally before the search begins. We handle everything else.

Engagement ModelNon-exclusive; fee paid only upon successful placement
Typical Fee15% to 25% of first-year base compensation, paid at placement
Best ForMid-level roles, faster timelines, lower-risk positions

What you get

  • No upfront cost — fee only on hire
  • Faster initial candidate submission
  • Flexible, non-exclusive arrangement
  • Broad active candidate pool
  • Lower barrier to start

Best for

  • Mid-level and specialist roles
  • Positions with active candidate pools
  • Lower urgency or lower-risk hires
  • Organizations trialing search firm relationships
  • Roles where speed matters more than exclusivity
Q 01 How does contingency search actually work?
In a contingency arrangement, you pay nothing until a candidate is hired. The search firm sources and submits candidates, and earns a fee only if you hire someone they presented. Because there is no upfront commitment, you can work with multiple firms simultaneously or run the search in parallel with your own internal efforts.

The tradeoff is that the firm’s incentive is tied entirely to placement speed. Contingency firms move fast and submit broadly, which works well for mid-level roles with larger candidate pools but is not the right model for senior or confidential hires.
Q 02 What does contingency search cost and when do I pay?
Contingency fees are typically 15% to 25% of the placed candidate’s first-year base salary, paid as a single lump sum upon the candidate’s start date or after a brief guarantee period. Some arrangements include a short replacement clause — if the hire leaves within 30 to 90 days, the firm provides a free replacement or partial refund.

Because there is no retainer, the financial risk is entirely on the search firm. That is the appeal. But it also means the firm carries risk on every search and manages that risk by prioritizing the fastest path to a billable placement.
Q 03 What are the limitations of contingency search compared to retained?
The core limitation is misaligned incentives. A contingency recruiter is paid for speed, not for fit. They submit candidates who are available and interested, not necessarily candidates who are the best match. Because the search is non-exclusive, the same candidates may be submitted by multiple firms — and in senior markets, that creates noise that damages how candidates perceive the opportunity.

Contingency search also has limited reach into passive candidates — people who are performing well and not looking. Those are usually the best candidates for senior roles, and they require a different approach than posting and waiting.
Q 04 When does contingency search make sense over retained?
Contingency search makes sense when the role is mid-level, the candidate pool is reasonably active, and speed matters more than deep market coverage. If you are filling a coordinator, specialist, or manager-level position with a well-defined skill set and a reasonable number of qualified people who are actively looking, contingency is a cost-effective option.

It is also a reasonable starting point for organizations new to working with search firms who want to test the relationship before committing to a retained engagement.
Q 05 Does Excelon Associates offer contingency search?
Yes. Excelon Associates works on both a retained and contingency basis, depending on the role, the organization, and the nature of the search. For senior, confidential, or highly specialized positions we typically recommend retained. For mid-level roles with active candidate pools, contingency can be the right fit.

We are transparent about which model we recommend for a given engagement and why. If you are unsure which approach fits your situation, we offer a no-obligation consultation to help you think it through.
Q 06 Can I run a contingency search while also posting the role publicly?
Yes. In a contingency arrangement you retain full flexibility. You can post the role on job boards, run your own internal recruiting, and work with one or more contingency firms simultaneously. You only pay if you hire someone a firm presents to you.

One practical note: if you are considering a contingency search for a senior role, be aware that experienced senior candidates often react poorly to being contacted by multiple recruiters about the same position. It signals disorganization and can reduce the quality of the inbound candidate pool.
Q 07 What is the typical timeline for a contingency search?
Contingency searches typically produce initial candidate submissions within one to two weeks because the firm draws from active candidates who are already in their pipeline or responding to postings. However, time to hire is still dependent on your internal decision-making pace — interviews, feedback cycles, and offer processes all contribute.

Total time from search kickoff to start date typically ranges from 30 to 60 days for mid-level roles, assuming an active candidate pool and a responsive hiring process on your end.
Q 08 What sectors does Excelon Associates cover for contingency search?
We conduct contingency searches within the same sectors we serve on a retained basis: higher education, healthcare, financial services, and government. Our contingency work tends to focus on director, coordinator, specialist, and mid-management roles where active candidate pools exist.

For VP-level and above we typically recommend a retained approach, but we evaluate each engagement individually. If you have a specific role in mind, a conversation with our team will clarify which model is the right fit.
Q 09 Is there a guarantee on contingency placements?
Contingency arrangements typically include a shorter guarantee period than retained searches — usually 30 to 60 days. If a placed candidate leaves or is let go within that window, the firm will re-present candidates or provide a fee credit, depending on the terms of the agreement.

The guarantee terms are always stated clearly in writing before the engagement begins. If this is a priority for your organization, it is worth discussing up front so expectations are aligned on both sides.
Q 10 How do I get started with a contingency engagement with Excelon Associates?
The first step is a brief intake conversation where we learn the role, the organization, and what a successful hire looks like. From there we assess whether contingency is the right model and, if so, what timeline and process makes sense.

There is no obligation in that initial conversation. If contingency is not the right fit for the role, we will tell you that directly and explain why. Our goal is a placement that works — not just a placement. You can reach us at +1 (828) 417-7094 or through the contact form on our website.

Contingency search is the right tool for the right role. The key is knowing which model fits your situation — and being honest with yourself about the seniority and complexity of the position you are trying to fill.

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Excelon Associates has been placing leaders in higher education, healthcare, financial services, and government since 2007. Based in Asheville, NC. Serving clients nationally and internationally.