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 Searches

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 & Company's services.

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.

Contingent Searches

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.

Please also see our discussion of restrictive recruiting arrangements.

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

E-Mail: actuaries@dwsimpson.com

or submit an Employer Job Form

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