Retained and Contingent Searches
D.W. Simpson & Company understands that the
client has an objective of minimizing the amount of time, difficulty and cost experienced
in the hiring process. In order to meet this objective, D.W. Simpson & Company offers
the client a choice of either a retained or contingent search approach.
Retained Search Services
A retained search is an agreement in which the client will contract
exclusively the services of D.W. Simpson & Company to conduct a single or multiple
position search. Within this agreement, the client will retain D.W. Simpson &
The "retainer" usually consists of one-third of the
estimated total placement fee(s). In turn, D.W. Simpson & Co. will provide the client
the full array of its recruiting services, including reference checks, progress reports,
in-person interviewing and advertising.
Additionally, D.W. Simpson will commit a specific number of
collective recruiter hours per week to the search. In sum, the retained search is a
contractual agreement in which the time committed to the search is specifically laid out,
market coverage is ensured, the time frame is identified and a minimum number of
candidates interviewed is guaranteed.
Please also see our discussion of restrictive
If you are interested in our retained services, we
will present a proposal specific to your search.
Call D.W. Simpson & Company at 312-867-2300
or submit an Employer
A contingent search is a conditional agreement, often verbal,
between D.W. Simpson & Company and its client(s). The client will provide D.W. Simpson
& Company information pertaining to its open actuarial position(s) including, when
possible, particulars such as position levels, titles, compensation figures and geographic
parameters. D.W. Simpson & Co., in turn, will provide the client with its recruiting
services, which include a staff of 45 and database of approximately 50,000 actuarial
candidates from students to Fellows.
A fee will be paid to D.W. Simpson & Company only when the
client hires a candidate presented by D.W. Simpson & Company.
In a contingent search, the client provides no up-front financial
incentive ("retainer") to D.W. Simpson & Company, while D.W. Simpson &
Company provides no guarantee in regard to time committed to the search, number of
candidates contacted or number of candidates interviewed.
The amount of candidates that a client will see from us is dependent
on any number of market factors. These market factors can vary: from the geographic
location of the position to the demand for actuaries at the time of the search to the pool
of available/active candidates who specifically meet the client's requirements.
It is, of course, in D.W. Simpson & Company's best interest to
satisfy the hiring needs of every client, and it is our intention to do so.
It is a conditional agreement in which any payment to D.W. Simpson
& Company is contingent upon the successful placement of a candidate in the
position(s). All of the financial risk is, therefore, D.W. Simpson & Company's.
Currently Retained Actuarial Searches
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