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Procurement Market Intelligence Report

Executive Search Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Executive Search Services?

What is the average price of Executive Search Services?

This procurement report includes pricing information to help you purchase Executive Search Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Executive Search Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Executive Search Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Executive Search Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Executive Search Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Executive Search Services?

Together, the four largest executive search service suppliers generate less than 25.0% of total market revenue, indicating a low level of market share concentration. About 5,900 suppliers offer executive search services, and the majority of suppliers employ fewer than five full-time workers. Low market share concentration is a result... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Service Performance

What checks and balances are in place to ensure that my hiring demands have received a thorough evaluation?

Who normally identifies errors when they occur?

How do you balance quick turnaround times with maintaining maximum possible accuracy?

Do you offer dedicated account managers to track the progress of my search and provide feedback?

Employees

Who at your firm will be leading our search efforts and what are their qualifications?

What types of training and certification do you offer your recruiters?

What qualifications do your staff recruiters have?

Do you conduct background checks on your own employees? Are those checks available to clients?

Value-Added Services

What value-added services related to employment and human resources do you provide?

Do you offer discounts for bundled services? If so, what are the terms?

What partnerships do you have? How do your clients benefit from these relationships?

Are you looking to expand upon your service offerings during the next three years? How so?

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Key elements for every RFP

What should my Executive Search Services RFP include?

Project Budget

Buyers should disclose their budget for the project, if possible.

Buyers should state their preferred pricing model and terms of payment.

Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.

Selection Criteria

Buyers should evaluate vendors on the experience and qualifications of the firm and the staff assigned to the project.

Buyers should evaluate vendors' capacity and ability to meet the scope of the work.

Buyers should evaluate vendors based on their projected costs and the pricing models they use.

Buyers should evaluate references from vendors' previous clients.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should outline when proposals must be submitted.

Buyers should communicate to prospective suppliers when bid awards will be posted.

Buyers should state when the staffing services should begin.

Buyers should outline the length and terms of the contract and cancellation policy.

Evaluate major factors to mitigate risk

How risky is the Executive Search Services supply chain?

Executive search service providers face a low level of upstream supply chain risk. Wages are the largest, most influential input cost for suppliers. In fact, the majority of an executive search firm’s costs are determined by employee wages rather than the prices of material inputs. Therefore, other inputs pose little... Subscribe to learn more.

HIGH

MEDIUM

LOW