Tag Archive: executive search firms

What Makes an Executive Search Firm Valuable

Leadership requires the ability to take the initiative and have self-confidence. Startups are often characterized by the team’s desire to do a little bit of everything, as well as to take risks. Even market-leading companies must take risks to maintain their position and keep growing. The challenge is to find leaders who can create an entrepreneurial culture, regardless of the size of the organization.

The duration of a consulting project for the recruitment of a manager can vary from one industry to another and, of course, depend on the complexity of the position. In some cases, recruitment may extend beyond the country. One of the difficulties that began to appear more and more often is related to the fact that many candidates, especially those selected for lower positions, fail to show up at interviews, citing various reasons or excuses.

The process of recruiting a manager has several stages: understanding the company’s need, search and recruitment strategy, research, direct search, database analysis (local and/ or international), sourcing, LinkedIn, etc. To these are added interviews, evaluation reports, status, etc., introduction of the short list, interviews with the employer, negotiations, closing the notice period, starting the actual job.

executive search firms

Given the complexity of the process, it is best to turn to executive search firms. The choice to collaborate with such specialists is valuable for several reasons.

  1. Recruitment time decreases

Depending on the position you want to find an executive for – top manager, senior manager, middle manager -, also depending on how permissive or restrictive the requirements and conditions for that job are and the impact it has on the business, the decision period may vary from a month (this is the optimist scenario that happens if you already know the candidate) up to a year. Of course, each project and position has its own peculiarities, so that even specialists can work on a consulting project for recruiting a junior that lasts longer than you would expect, maybe even longer than recruiting a manager. But working with an executive search firm definitely brings you faster results than if you did all this using your own resources.

  1. Understanding the factors that influence recruitment

An executive search company knows that, depending on what you are looking for – top, senior or middle manager – these factors differ: the people you talk to, the experience of your company in working with Executive Search firms, the urgency of the requirement, its clarity, what is required versus what is offered, how rare the required skills are, the key stakeholders around that role and their interests regarding that role, the quality of the available candidates, their number etc.

  1. The success of the recruitment

Once the recruitment is completed, the question arises as to how to measure the success of such a process and whether it is enough to identify the right person and hire them within the company.

Success is measured when the recruited manager integrates and starts to deliver results. At that time you realized that collaborating with an executable search firm was extremely important for these very good professional results.