Contained vs. Contingent Search

Our Advantages

Dedication

With no certainty of collecting a fee, contingent recruiters resist assigning meaningful resources to searches in an effort to minimize out of pocket expense. Metis is confident in our ability to identify and recruit your next financial partner. We will assign a dedicated search team to each engagement and never cut corners in an attempt to save a few dollars. Read More

Dedication

 

Contingent engagements tend to result in “passive” search. Recruiters expeditiously forward clients all potentially qualified candidates in their database. If those prove inadequate, the search continues on an ‘as time permits’ basis. Most contingent firms are simply unwilling to incur expenses with no guarantee of payment. Passive search may negatively impact the quality of candidates presented and unnecessarily lengthens search duration.

 

Candidate Quality

Have you recently engaged a contingent recruiter? During the initial meeting, did they suggest they had a number of outstanding candidates in their network for your opportunity? If so, beware!Read More

Candidate Quality

 

Contingent firms are reluctant to invest resources searching for candidates outside their immediate network. Rather than intensively searching for an executive well matched to your needs, recruiters present limited rosters of candidates presumed to meet the minimum requirements of the position. This is a recipe for mediocrity and failure.

Metis will leave no stone unturned in our search for your next financial partner. We do not send clients candidates who are merely ‘good enough’. Only those equipped to successfully meet the unique challenges of your business are referred for client interviews. If we recommend an individual, it is our belief they are an outstanding fit and merit serious consideration for employment.

 

Efficiency

Metis dedicates significant resources to each engagement without guarantee of a fee because we believe in our ability to find outstanding executives. Our willingness to make upfront investments in each engagement sets us apart from traditional contingent recruiters.Read More

Efficiency

 

Contingent recruiters rarely vet prospective recruits in light of the unique demands and nuisances of your business. Instead, they typically drown you with referrals of candidates assumed to meet the minimum requirements of the position. This numbers game increases their perceived chance of a successful placement (and collecting a fee). Meanwhile, clients are buried in an avalanche of resumes and left on their own to assess, qualify, rank, and interview candidates. Valuable time is wasted considering unqualified and marginal prospects.

We methodically search for the best candidates, qualify and rank them, and ultimately deliver a small number of exceptional individuals for your consideration. By reducing the burden carried by our clients and referring only the best, Metis delivers the best of both contingent and retained search.

 

Search Duration

Recruiters have conditioned clients to anticipate a key employee search lasting between three and nine months. While the process of identifying your next superstar is critical and not to be rushed, searches frequently drag out longer than necessary due to the actions and self-interest of service providers. We can successfully complete most searches in ten weeks. Read More

Search Duration

 

Contingent firms tend to work on engagements on an “as available” basis when an acceptable candidate cannot be placed from their immediate network. The longer a search is drawn out, the higher the probability of identifying a suitable candidate.

A 2010 study conducted by the Association of Executive Search Consultants (AESC) observed that 67% of clients required recruiters to increase their speed of search execution over the period reviewed. During the same timeframe, 41% of service providers responded that their average time to complete a search increased. The search industry as a whole is clearly lagging behind the needs of its clients in this area.

Every day your business goes without a financial leader puts your investment at risk. Metis assigns a small, dedicated team of professionals to diligently execute your search. We shave valuable weeks, and potentially months, off the process when compared to traditional recruiters.

 

Fee Structure

Contingent firms commonly charge clients 33.3% of a placed executive’s first year total compensation with the entire fee payable upon the executive’s initial day of employment. We do things differently at Metis. Read More

Fee Structure

 

In 2010, an Association of Executive Search Consultants (AESC) study highlighted client concerns and dissatisfaction with historical industry pricing models. Sentiments consistently criticized the industry’s lack of flexibility surrounding pricing and that “large firms are sometimes ‘stuck’ in their business model”.

Maintaining flexibility, an open mind, and delivering value to our customers are our top priorities. We will work closely with you in an attempt to devise a traditional or non-traditional fee structure which meets the needs of your business.

 

Specialization

Avoid entrusting the search for your next financial partner with a ‘generalist’ firm. Read More

Specialization

 

A recent industry survey revealed 83% of search firms described themselves as “Generalists”. “Niche” or “Boutique” firms accounted for another 15% of all firms, with the remaining 2% classified as “Other”.

At Metis, our sole focus is identifying, recruiting, and retaining the best financial talent.

Large, generalist firms approach searches with the rigid and robotic mindsets of career recruiters. We approach engagements from the perspective of former financial executives. Our principals have “been there” and “done that” throughout the course of their own careers in finance. Metis is composed of former senior financial leaders uniquely qualified to identify and recruit candidates equipped with the requisite skills required for success.