Working on a retained basis means the recruiter will charge an upfront fee to the client to conduct a search. They will operate on an exclusive basis meaning the job will only be filled through this recruitment company. and all the client has to do is pick the one they like the most. ...
What is the difference between contingent and retained?
The difference between the two is simple. In retained recruitment, the recruiter is paid an upfront or scheduled fee and works on an exclusive basis, meaning they, and only they, will be looking for a candidate. In contrast, contingency recruitment works on what would be best described as a 'no win, no fee basis'.
What is a retained position?
Retained job means a full-time equivalent position in existence at the time an employer applies to the authority for approval of a withholding agreement and which remains continuously filled and which is at risk of elimination if the project for which the employer is seeking assistance under the withholding agreement ...