This approach blends elements of both contingency and retained search models, typically involving a small initial fee to secure the services of Wainwright Talent Partners with a success-based component upon placement.

 

Structure: Initial Retainer Fee: A small monthly upfront fee compared to a fully retained search, paid at the start of the engagement to secure the search services.

 

Milestone or Progress Payments: Additional fees be paid at specific milestones during the search process (e.g., typically monthly or after presenting a shortlist of candidates).

 

Success Fee: The final payment is made upon the successful placement of a candidate, similar to the contingency model.  Any payments already received are subtracted off the final fee and the difference is what is due. 

 

Pros of using this model include:

 

• Combines the commitment and thoroughness of a retained search with the performance-based incentive of a contingency search.

• Ensures that WTP prioritizes the search while also aligning their interests with successful placement.

• Client receives exclusivity of any candidate, including "first look." 

• Benefits of flexibility: This model can be tailored to suit the specific needs and budget constraints of the client, providing a more customized service.