The Fairantee service is available for free. The quote companies receive from the tool can be used to retain Creative Talent Endeavors, but it can also be used by CEOs, and procurement and HR departments to understand more broadly what a fair price should be for an executive search.
“Businesses need to start understanding that just like in Vegas, the house always wins, and search firms are the house,” Mr. Samuels said. “A percentage-based fee structure helps firms make a fortune because they are incentivized to present the most highly paid candidate possible, to increase their income. Right now, the one-price-fits-all approach is not equitable – why should a company pay thousands of dollars more than it costs to source a hire? Fairantee won’t always be the lowest price, but it will always use real data to determine a fair price for executive search.”
Mr. Samuels recently sat down with Hunt Scanlon Media to discuss his career in executive search, what is keeping his firm busy, and thoughts and diversity and inclusion efforts across the U.S.