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Are you are considering using an executive search firm to help you locate a new executive to fill one of your top-level positions? There are pros and cons to using one, and what is most important is that you know both before you decide.
Most importantly, you need to know what you are looking for
Many individuals find executive recruiters very useful in their search. Recruiters are able to use their connections and previous contacts to connect candidates who may not readily apply to job ads with positions that have yet to be posted anyway. This can be beneficial for both the organization and the individual, enabling a more varied and wide-reaching search so both can find a closer match to what they are looking for. However, when you are contemplating using an executive search company, you should not be afraid to interview your recruiter to make sure you have find someone who will understand your company and its needs the most, and who will do the best work for you. Also remember, though, that you should be able to answer to your own needs as well so that you can adequately convey them to the recruiter. If you are investing in an executive search firm, your position will not only be filled, but it will be filled by the perfect candidate for the job—by someone who can help you take your business to the next level.
What are the benefits?
No advertising necessary
The best benefit of using an executive search firm is that the firm will enable you to select from a pool of candidates without having to advertise the available position to the general public. Connections are the easiest way to enable this to happen, executive search companies have a lot of connections to past and current executives. An executive search firm may even contact an individual who is currently employed to see whether or not he is interested in making the transition to your company—especially if he or she would be particular suited to the job, and if your company can provide a better fit for the executive’s career and long-term goals. All of this information is available to the search firm in particular since they are also helping to match the candidate with his or her perfect position, so you can find out things about the candidate that may have otherwise taken you until his or her resignation to discover—like whether he or she is looking for a long or short-term position, and whether he or she has other career ambitions for the future. These can make a significant difference when deciding who to hire.
An executive search firm helps to facilitate communication between you and potential job candidates. In doing so, they can help to sustain interest while you take your time to make a decision. The firm will also help you to minimize the time it takes to fill the position so your company is not left trying to compensate for a missing member for too long. An executive search (en.wikipedia.org/wiki/Executive_search) firm is hired to actively seek candidates, and their involvement can significantly diminish the amount of time and effort you have to expend during the hiring process. You can be as involved or uninvolved as you see fit, based on your needs and the needs of your company during that time period. Many search firms have internal contacts to help you find a candidate in as short an amount of time as possible.
With all the available benefits, it’s hard not to choose an executive search company
The executive search company may not be right for every organization, but if you face time restrictions and are unable to provide the hiring process as much attention as it commands, an executive search company can certainly make a difference. They will make your company’s needs a priority so you can be sure you’ll hire the right candidate for the position. If you need to hire a new executive, let a team of experts help you start a search that is as professional as your new executive will be.
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