Hiring suitable people is important regardless the position, but the higher the position, the higher the responsibility involved and the bigger the damage caused by employing someone who is not a good match for a key position.
The process of searching for executive-level positions is very sensitive and very special in many ways. Executive positions are rarely advertised on job boards and the perfect candidate is also more difficult to find. The best way to handle the process is through outsourcing to tasks to experts in the field – to executive search firms. Here are the benefits offered by these companies.
Money Savings by Avoiding Bad Decisions
Hiring an executive who does not fit in with your corporate goals, culture or environment can be costly in many ways. A bad choice can increase turnover, making important employees leave and it might also decrease productivity and harm employee loyalty, all of which can have grave financial consequences. Hiring an executive recruiter for the process can decrease all those risks significantly through the recruiter’s knowledge and experience with hiring top-level employees for your specific industry segment.
Access to a Large Network of High-Quality Executive Candidates and Solid Data Bases
Executive recruiters use multiple channels and methods to identify suitable candidates. Most recruiters have their own databases of active and passive candidates that they can approach and they will also use their personal network in the targeted industry to identify key people looking for new challenges.
Thorough Screening
Recruiters not only request resumes from candidates – they will also perform background checks to verify the accuracy of the information in the resumes. As a result, the client can be sure that the candidates who pass that verification process are as qualified and experienced in their field as they say they are.
Reliable, Specialized Knowledge
Most recruiters specialize in certain industries, in segments that they know well. This also means that your recruiter will have a thorough, in-depth knowledge of the companies and the opportunities in your business environment.
Assistance All the Way
Most executive search firms provide comprehensive services that will also include assisting their client during the final phase of interviewing, when the candidates talk to the potential employer’s key decision makers. Your recruiter will also participate in the final evaluation of the candidates and in the final selection as well.
More Successful Employment Relationships
The thorough screening and the multi-round interviewing processes used by executive recruiters ensures that the candidate selected by the employer is a good fit for the employer company’s environment and culture, therefore turning to an executive recruiter is the best way to ensure long-term employees.
Maximum Confidentiality
Any recruiter, including the recruiters that specialize in finding top talent, are committed to protecting the sensitive data of their clients as well as of the candidates that they work with. Recruiters are bound by confidentiality, which also means that your company’s relationship with your competitors will not suffer any harm even if your new executive has been previously employed with a competitor of yours.