Decision Toolbox acquired by leader in integrated employee engagement solutions, Engage2Excel.Read the full story.

Executive Search: Reduce Agency Fees

Executive Search has always fascinated me.  The largest executive search fee ever paid is said to be over $600M when Citigroup bought Old Lane hedge fund to snare Vikram Pandit to run their alternative investments group in 2007.  Those were exuberant times, and that was obviously an unusual situation.  Most executive search fees cost about a third of an executive’s salary.  That can translate into $60k-$100k or more!

Why do companies pay these fees?  In some cases it is warranted.  Executive recruiters can have a tight bond with CxO’s and influence them to consider an opportunity long before even their spouse knows they are considering a change.  Are you ready to cold call Larry Ellison and tell him why he should leave Oracle for your client?  I’d rather get caught feeding Mike Tyson’s tiger weight loss pills.

However, with today’s access to Directors, VP’s and CxO’s through online communities, executive search has become easier.

Click here to see how others do it for a fraction of the cost.

Did You Enjoy This Article? Sign up for Decision Toolbox’s monthly newsletter: Inside the Box.

Inside the Box will share the secrets of life long happiness….not really, but we will provide you with some great talent acquisition articles and tips that will hopefully make your working life better. You’ll also get the inside scoop on DT.

Leave a Reply

Your email address will not be published. Required fields are marked *

See what our clients are saying…

Believe it or not, we don’t have giant heads. See More Client Quotes

  • " (DT Recruiter) is fantastic! She is responsive and upbeat. She keeps her commitments. She is an attentive listener. I enjoy working with her. "
  • " We are so grateful to your team for the very positive recruiting and hiring experience you provided us. The candidates you presented were of the highest caliber. In fact, our Director of Operations has stated these candidates are the highest quality he has seen in the 15 years that he has been hiring production workers in our industry. "
  • " (DT Recruiter) was awesome. Thank you for your help. "
  • " Referral is the best compliment I can give which I have done for multiple colleagues and it is my understanding DT is working on additional reqs for us so that is good to hear. "
DecisionToolbox 800-344-2026