“Hybrid Retainer”
20-20 Foresight operates on what’s called a “hybrid” retained search basis. This is where the client company pays a small retainer and the balance of the fee is due only when the search is SUCCESSFULLY completed. This allows us to perform a thorough search of the market for the best available people because we are getting paid to do the work. This “hybrid” retained method also leaves adequate incentive for 20-20 Foresight to find the right candidate. We prefer to work on this premise as it affords maximum incentive for the recruiter; therefore the client gets the best possible service. Compare 20-20 Foresight’s method with the other two common search methods.

Full Retainer:
The search firm requires one-third of the estimated fee as an up-front retainer, with the remaining two thirds usually paid at thirty (30) day intervals during the search. Under this method, the search firm is paid the full fee, even if they are unsuccessful in finding the candidate or if the search is cancelled for any reason.

Contingency:
The search firm does not require any retainer to start the search. What typically happens under this method is that the search firm scans their database for resumes that may match the client’s needs and may in some cases do some actual direct search work. Often times the search is discontinued within a relatively short time to move on to another search where they may be more successful. The reason why this happens is because they have not been paid any money to do the search.