All-optical helicity-dependent magnetization switching (AO-HDS) is the quickest deterministic technique for data storage by solely using ultrashort laser pulses. Granular high data density magnetic storage media developed for heat-assisted magnetic recording (HAMR) provide an ideal playground to investigate the interplay of effects leading to magnetization switching. In the latest perception, we identify two effects, the magnetic circular dichroism (MCD) and the inverse Faraday effect (IFE), as the forces driving the switching process. During photon absorption, which leads to a rapid temperature rise and thus to magnetization quenching, the MCD ensures two distinct electron temperatures due to helicity-dependent absorption. This effect already holds a nonvanishing probability for magnetization switching. At the same time, the IFE induces a magnetic moment within the material, enhancing the switching probability. We present AO-HDS experiments using ultrashort laser pulses ($\lesssim 200\,\mathrm{fs}$) in the near-infrared range from $800\,\mathrm{nm}$ to $1500\,\mathrm{nm}$. The experiments demonstrate a strong dependence of the switching efficiency on the absorbed energy density, elevating the electron temperature in the vicinity of the Curie point, allowing for the IFE to take full effect, inducing a magnetic moment for deterministic switching in the quenched magnetization state. While we do not observe an enhanced switching due to an increased MCD, a higher induced magnetization usually improves the switching rate if the electron temperature reaches the transition temperature vicinity. Therefore, we conclude that the magnetic moment generated by the IFE is crucial for the switching efficiency and the distinct deterministic character of the switching process. Laser pulses with a higher absorption induce a higher magnetic moment and switch magnetization at lower fluences.
