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The difference between the employment agency and executive search firm

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Posted by Iris Data Driven Agency

12 months ago

Different recruitment firms or agencies have different kinds of services. Before diving into how to use an employment agency for your job search or business’s employment. Let’s find out a little bit about the employment recruiting world. In this article, Navigos Search will help you to distinguish the difference between the Vietnam employment agency and the executive search firm. 

1. Definition of an Employment agency and Executive Search firm

1.1. Employment Agency

An employment agency is a company engaged to hire and staff employees for other businesses. Employment agencies can be public, operating on a federal, state, or local level, or it may be a privately owned group.

An employment agency is a company engaged to hire and staff employees for other businesses.

The positions offered are often temporary, contact-based, part-time or temp-to-hire, and the employment agency Vietnam will typically keep a file for each employee regarding their skills and work history. This helps them match employees with new assignments. Many sectors outsource their hiring to employment agencies, and it helps them simplify the recruitment process for entry-level and mid-level jobs.

On the contrary, employment recruiters are the person who usually finds qualified, dedicated, and invested candidates for a job vacancy, and works to meet the demands of both the employer and the employee.

1.2. Search Firm/Executive Search Firm

Executive search firms can be industry-specific (banking or retail) or skill-specific (accounting or IT). In general, there are two main types of Executive Search firms in Vietnam:

  • Contingency Search Firms: A contingency search firm is paid when their candidate is hired by the employer. Contingency Search services are most often used for low- and mid-level searches along with sending a large number of resumes to the employer.

  • Retained Search Firms: A retained search firm has a particular relationship with the employer. They are typically hired for senior-level employment or a specific period to find a candidate to fill a job. Executive search firms are paid expenses, plus a percentage of the employee's salary, regardless of whether the candidate is hired.

To pick a great Executive Search Firm, you can find out details by clicking an Executive search consultant.

2. The difference between the Employment Agency and the Executive Search firm

2.1. The core meaning of these recruitment services suppliers and why businesses choose to use them

Search Firm/Executive Search Firm

Why businesses cooperate with Executive Search Firms?

In general, businesses in Vietnam choose to use Executive search firms because they lack the internal research resources, professional networks, or evaluative skills to properly recruit for themselves. Cooperate with an executive search firm also allows the organization entity the freedom of recruiting from competitors without doing so instantly, and the ability to choose among candidates that would not be available through internal.

businesses in Vietnam choose to use Executive search firms because they lack the internal research resources, professional networks, or evaluative skills to properly recruit for themselves

What Executive Search Firm can help?

Executive search firms primarily search for candidates to fill high-level jobs such as Vice President, Art Director, Human Resources Executives, and various C-suite positions. Many of these positions include quarterly or annual bonuses in addition to lucrative salaries and relocation assistance.

Employment Agency

An employment agency Vietnam, on the other hand, will work with temporary, entry-level, and middle-level employees. In some cases, they are placing people in temporary roles that have a chance of becoming permanent. In other cases, companies will outsource the staffing of permanent positions to an employment agency.

2.2. What services do they supply?

Employment Agency

A Vietnam employment agency usually helps place workers, including provides job-seeking services and tools for workers through online resources and a network of offices around the country. In detail, private employment agencies also help place workers, particularly in the private sector. Employment agencies tend to specialize in one of three areas:

  • Offer personnel placement services.

  • Supply staffing services, also known as temporary help services.

  • Executive search firms.

Search Firm/Executive Search Firm

A Vietnam employment agency usually helps place workers, including provides job-seeking services and tools for workers through online resources and a network of offices around the country.

An executive search firm helps companies resolve the difficulty in recruiting key personnel positions or senior positions, or the position requires candidates to meet high professional qualifications such as Head of Department, Manager CEO, CEO, CEO ... The Executive Search service is the most effective solution to help recruiters get sources of high-quality candidates.

Navigos Search is an Executive Search Firm in Vietnam. We focus on the value of the recruitment and placement services for C level and senior talent candidates across regions and business sectors. For recruitment outsourcing consulting, please submit your business information on the contact page or meet us now at the Navigos Search office in Ho Chi Minh City, Vietnam.

3. Conclusion

Different agencies have different kinds of services. According to business demand, some will supply you with short-term or temporary employment solutions and others fit you with long-term or permanent recruitment one. Not also is known as an employment agency Ho Chi Minh, Vietnam - Navigos Search was famous for being one of the leading Executive Search firms in this country. For HR consulting, you can contact us via the information through our website.

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