An average search for a candidate earning $150,000 (base salary) per year costs a company around $37,500 based on a 25% contingency agency search fee. The same search, performed by a retained search firm will cost a company $52,500, based on a 35% search fee. An identical search performed by TST, will run a company < $12,000.00. The difference between them and us? Fee and cost models.
TST does not charge percentage based fees to our clients. We use an hourly rate model that saves between 65-80% of the fees normally associated with both contingency and executive searches.