What is Executive Search in the recruitment industry ?
Executive Search ( headhunting ) is a specialized recruitment service which organizations pay to seek out and recruit highly qualified candidates for senior level and executive jobs across public and private sectors and non-profit organizations
Why do you hire or outsource an Executive Search firm for your hiring needs ?
Executive search firms help companies build superior leadership teams and delivers truly exceptional candidates by focusing on recruiting C-level and VP-level roles. Recruiting leadership talent is one of the greatest challenges an organization can face. In an executive search firm, the team brings forth the expertise, professional network, and tenacity to deliver the kind of candidates that today's business landscape demands. So when you set out to find an executive for your company, like any other business decision, you should make sure you have a sound strategy in place. That means using the expertise of an executive search firm and leveraging their tools to and find the best candidates for the job.
Executive Search firms go beyond the job description. They use predictive technology to match skills, strengths and motivations of the best candidates to your unique situation.
What is the process of engaging an Executive Search firm in a nutshell ?
The process usually involves commissioning a third-party organization, typically an executive search firm, but possibly a standalone consultant or search associate or consulting firm, to research the availability of suitable qualified candidates working for competitors or related businesses or organizations. Having identified a shortlist of qualified candidates who match the client's requirements, the executive search firm may act as an intermediary to contact the individual(s) and see if they might be interested in moving to a new employer. The executive search firm may also carry out initial screening of the candidate, negotiations on remuneration and benefits, and preparing the employment contract.
In some markets, there has been a move towards using executive search for lower positions, driven by the fact that there are fewer candidates for some positions, even on lower levels than executive.