Our contingency group takes a search approach to every job they work. Our recruiters directly source candidates utilizing our corporate database, job boards, online research tools and cold calling. Identified candidates will be screened and presented to the client based upon the position profile. A critical piece to any contingency assignment is feedback. Direct recruiting is very time consuming, and proper feedback is essential to finding the right skill set. The more engaged our client is the better our results will be. Since our recruiters typically work several contingency assignments at a time, those clients with quick and detailed feedback loops rise to the top of the priority list.
Contingency search has no upfront costs and we are only paid when a candidate is hired. Our typical fee is 25% of first year base salary. We offer a 90-day guarantee: If for any reason the hired candidate does not work out, we will fill the position again for free. This solution is typical for individual contributor and manager level roles. A contingency search has one recruiter assigned to it. The recruiter has access to all of our advanced recruiting tools and our research database. They will be your single point of contact through the entire process. The recruiter assigned to your position will have expertise in the practice area that corresponds with your search.
Retingency is a solution that is becoming more and more popular. It straddles the fence between contingency and full retained search. Under a retingency agreement, PinPoint Solutions charges clients a “mini-retainer” (typically 20% of the estimated fee) at search inception to be applied toward the final invoice once the position is filled. Retingency guarantees dedicated resources for our clients. This is a proven solution for critical openings with very specific or challenging requirements. Our clients also like this approach when they have many needs that are similar or “grouped” in nature.
PinPoint Solutions will utilize this initial retainer to engage our internal research department and generate search-specific research targeting potential candidates from specific companies, industries, geographies or skill-sets. Following outreach to these targeted individuals the Executive Recruiter will conduct assessments on each candidate screening for job and culture fit. PinPoint Solutions delivers a high quality, consistent product that is typical of the full retainer approach without the full cost. This option is typical for Sr. Manager to VP level roles stretching from $120 – $200k on base salary. Because we work on these critical executive openings on “mini-retainer,” we get potential candidates to respond who might not otherwise respond to “contingency” inquiries. You also have a dedicated resource that is engaged on the search until completion, no matter how difficult the search may be.