FAQ's - Retained
Here are the answers to some of the questions we are most frequently asked...
What is retained search and why is it important?
A retained search means that we have committed to work together to secure the most talented individuals in the LifeSciences field. You commit the capital and agree to work with us exclusively. Mackenzie Search commits the time, dedication, and experience. Your retainer commitment and our experience and reputation allow us to attract strong candidates who might not otherwise be interested in talking to a search firm. Candidates are interested in your opportunity when they learn about our retained agreement. They know you have committed to filling the positions, because funds have been committed. And they know they will not be wasting their time at a "cattle call", as this is a serious process involving a single retained search firm.
How are your retainer fees structured?
Our fees are configured on a flat rate schedule and based upon the mid-point of the total first years cash compensation range. The fees are not contingent upon the starting salaries of the hired candidates. Each search is unique and the client and search professional agree upon the fee in writing prior to each search. Mackenzie Search always honors the stated fee schedule.
One third of the fee is due when we choose to begin a new search together. That covers our time spent researching your opening and the internal workings of your organization. We report back to you with comprehensive information about how your competitors have configured similar positions, what someone in that position is making, who is doing that position and comes highly recommended, and how we feel about various candidates after we have completed our interviewing process. We also provide you with candidate responses to a custom tailored questionnaire created for your opening.
When you choose any candidate to interview, you pay the second portion of the fee.
The third portion is not due until the individual has accepted an offer of employment with your company.
Do you accept stock as partial payment?
Yes, as part of the final payment and we consider it to be an investment in our PUBLICALLY TRADED OR PRE-IPO client companies.
What is your success ratio?
We enjoy placement success of over 98%. It takes the client and the search professional working together as a team to achieve those results. We are an extension of your company.
Why does Mackenzie Search often facilitate the interview process?
Our goal is to find and place the best candidate -- not the candidate who interviews best.
We offer our presence in the interview process in order to ensure that both parties receive complete and satisfactory answers to their questions. We may also be used to ensure a timely interview process, to escort candidates from the interview and gauge their interest level immediately, and to protect our clients from language or questions, which may prove to be a legal risk.
Do you provide a period of guarantee?
Yes, Mackenzie Search provides 100 days maximum.
In what geographic areas have you placed candidates?
We have made placements throughout the United States. In addition we have partners in principal cities worldwide
AUSTRALIA
AUSTRIA
CANADA
FRANCE
GERMANY
HONG KONG
ITALY
MEXICO
NETHERLANDS
SINGAPORE
SOUTH AFRICA
SPAIN
SWEDEN
SWITZERLAND
UNITED KINGDOM
UNITED STATES