Please note that the content of this book primarily consists of articles
available from Wikipedia or other free sources online. Executive search
is the consultative process of recruiting individuals to fill senior
executive positions in organizations. Executive search may be performed
by an organization's board of directors, or by an outside executive
search organization. Executive search is an extremely lucrative industry
and successful search consultants can earn large sums. For this reason
there is fierce competition to work in this sector. Generally the office
is broken down into three functions: Business Development, Recruiting
and Research. Generally the Business Development person receives the
largest commission while the Researcher receives the smallest. The
executive search profession ranges in models from "Retained" search to
"Contingency" search. Retained search firms are paid a retainer equal to
one-third of the fee up front to launch the search process, a third of
the fee thirty days from launch and the final third sixty days from
launch. If the fee is fully paid before a candidate is hired, the
retained firm continues its work until the search is concluded.
