I have two sons: 11th and 4th graders. The older one studies with tutors, he has the final exams coming up. The younger one with ADHD also studies with different rare specialists. He's also studying at the Computer Academy.
I also do Nordic walking with a trainer, and in the gym with a trainer. I also have a long-term contract with a coach.
And I pay all these professionals up front, with a contract, with clear terms, with checks. What's the point?
Most likely, I can find specialists who are very needy of money, who will wait until I get results.
But how will I be able to evaluate my older son's academic performance? The scores on the exams? And if he is already studying for the 2nd year, how long should I wait?
How will I be able to assess the results of my younger son's lessons with calligraphy? In a couple of years, when he will be able to write a dictation or an essay?
And what about the result of sport exercises? When I lose weight and become strong? How long will it take - a year or two? I won't even mention working with a coach))
There are services where in addition to the result it is important for us to get a quality process - self-confidence, understanding of mathematics, strength in the body. And that's what we pay our tutors and coaches for.
After all, if we don't pay, the quality of the process will drop significantly, leading to poor results. If we don't pay, the specialist will think about where to get the money, how to make money as soon as possible. Our long-standing relationship will collapse.
Executive Search is one of the services out there. The goal of the whole process is to find the best candidate for the position, the company, the corporate culture.
The difference between success fee and retention is that the first one will get their fee for the result, any result. And the quality of the process suffers, it's the speed of closing, the number of resumes provided that matters.
Hence the complaints of clients that "they only want the money" or "they can't get the position closed".
At Executive Search it is the process, the depth and accuracy of the search, the perfect match with the client's request that counts. For that the client pays an upfront fee to be sure that the result will be excellent.