“We are looking at using headhunters to recruit our next NED and were wondering what the going rate was for commission / fees for this type of appointment?”
We paid £35k last year in three equal stages. Upon engagement, at the end of month one and at the end of month two.
FTSE 250said
We recently paid £50k in three tranches. For the second year running. We are considering self advertising and using existing contact networks to find the next new NED. It is a shame we can’t build our own directory and introduce likely candidates to each other at no cost. Or perhaps we could…
FTSE 250said
We agreed to pay £45k in three equal chunks, one on commencement, then at 60 and 120 days. The original request had been for £50k with the payments at 1, 31 and 61 days. If the appointee leaves within 12 months we get the search done again on expenses only.
EX LISTEDsaid
We are currently recruiting a new Non-exec Chairman. The fee is a £25k retainer plus £25k success – for a position that pays the current chairman just over £50 p.a. This search is through a major search firm, and compares with £75k that was quoted by another.
FTSE 250said
We recently negotiated an assignement for three NED appointments at a fee of £40k for the first, £35 for the second; and £30k for the third. One third was payable on commencement, one third on day 30; and one third on day 60.
FTSE 250said
We have recently recruited a NED, total fees payable to the search consultants were £39k. We are currently undergoing a further search (using a different search selection firm) and total fees payable will again be £39k. The fees are payable in three tranches, with an initial upfront fee of £13k.
FTSE 250said
We are currently recruiting a NED and have agreed a fee of £40,000 with the consultants. The process includes a target for a proportion of female candidates as well so we expect the assignment to be more labour intensive, on thier part, than previous searches.
FTSE SMALL CAPsaid
We recently recruited a non-executive director (who is not a Chairman of any of our committees). The recruitment agency’s fee was £35,000.
We paid £35k last year in three equal stages. Upon engagement, at the end of month one and at the end of month two.
We recently paid £50k in three tranches. For the second year running. We are considering self advertising and using existing contact networks to find the next new NED. It is a shame we can’t build our own directory and introduce likely candidates to each other at no cost. Or perhaps we could…
We agreed to pay £45k in three equal chunks, one on commencement, then at 60 and 120 days. The original request had been for £50k with the payments at 1, 31 and 61 days. If the appointee leaves within 12 months we get the search done again on expenses only.
We are currently recruiting a new Non-exec Chairman. The fee is a £25k retainer plus £25k success – for a position that pays the current chairman just over £50 p.a. This search is through a major search firm, and compares with £75k that was quoted by another.
We recently negotiated an assignement for three NED appointments at a fee of £40k for the first, £35 for the second; and £30k for the third. One third was payable on commencement, one third on day 30; and one third on day 60.
We have recently recruited a NED, total fees payable to the search consultants were £39k. We are currently undergoing a further search (using a different search selection firm) and total fees payable will again be £39k. The fees are payable in three tranches, with an initial upfront fee of £13k.
We are currently recruiting a NED and have agreed a fee of £40,000 with the consultants. The process includes a target for a proportion of female candidates as well so we expect the assignment to be more labour intensive, on thier part, than previous searches.
We recently recruited a non-executive director (who is not a Chairman of any of our committees). The recruitment agency’s fee was £35,000.