If you are looking for executive level and C-suite level candidates, then Executive Search will be the answer.
‘Why’ you may ask?
Today, the demand for top talent at the executive level cannot be easily satisfied, so we need a smart approach to recruitment at this level to avoid wasting time, energy and money. The process of finding top executive talent is time-consuming and requires a deep search and process.
The main features of an Executive Search include taking an in-depth and proactive approach led by an agency that has a very strong relationship with the client and has a deep understanding of the business, values, mission and culture. There is no room for error as the cost of a bad hire is high.
Executive Search VS Recruitment: What is the Difference?
In contrast to the traditional recruitment process, Executive Search adopts a more proactive approach to talent acquisition. Rather than relying solely on job advertisements and waiting for candidates to apply, Executive Search actively engages in networking and targeted outreach to identify and connect with individuals who possess the desired qualifications and experience.
Executive Search professionals leverage their expertise to assess and evaluate potential candidates, ensuring they fit the specific executive role well. Their ability to target top talent is honed through extensive industry knowledge and a well-developed network of contacts within relevant sectors.
By proactively reaching out to select candidates, Executive Search circumvents the limitations of relying solely on inbound applications. This approach allows for a more focused and efficient search process, ensuring that only the most qualified and suitable candidates are considered for the executive position at hand.
Through their targeted and strategic approach, Executive Search professionals optimise the chances of identifying exceptional candidates who may not be actively seeking new opportunities but would be ideal fits for the executive role. This approach enhances the likelihood of securing top-tier talent and elevates the overall effectiveness of the process.
The Benefits of Executive Search
While conducting the Executive Search process independently may be tempting, it is essential to consider the potential drawbacks. Engaging in the task of sifting through countless applications can be an arduous, expensive, and time-consuming endeavour. Instead, opting for the services of an experienced Executive Search recruiter can prove invaluable.
When selecting an Executive Search consultant, choosing someone with a well-established network in the specific area of expertise you require is crucial. This ensures access to a vast pool of qualified candidates who may not be readily visible through traditional channels. A specialist in this market possesses the knowledge and insight necessary to identify and attract top talent.
They should have a proven track record of successful executive appointments. Their past achievements demonstrate their ability to navigate the complexities of the hiring process and select individuals who excel in their roles.
An effective Executive Search consultant should employ a robust and structured process. This ensures thoroughness and efficiency, streamlining the search and selection process. By adhering to a well-managed process, they maximise the likelihood of finding the ideal candidate.
Building a strong rapport between the client and agency is paramount. This partnership fosters open communication, trust, and a deep understanding of the client's needs and expectations. A skilled recruiter values this relationship and works closely with the client throughout the entire process.
The Costs
Executive Search is a meticulous process that demands considerable time and attention. Executive appointments typically adhere to a retained fee structure to ensure the highest level of commitment.
This structure entails three distinct payments, each representing a significant milestone within the search process. Additionally, engaging in an exclusive contract further reinforces the dedication and focus required for successful outcomes. The retained fee structure is as follows:
The first payment is made when the role is initially briefed. This marks the commencement of the Executive Search journey, where detailed discussions and strategic planning lay the foundation for the search ahead.
The second payment is triggered upon the provision of a carefully curated shortlist of candidates. This stage signifies a critical progress point, as the search firm presents a refined selection of individuals who closely align with the desired qualifications and requirements.
The third and final payment is made once the role is successfully filled. This culminating payment acknowledges the culmination of an exhaustive search process and celebrates the appointment of an exceptional candidate to the executive position.
By employing this retained fee structure, both the client and the Executive Search firm establish a mutual commitment to the search process, ensuring thoroughness, exclusivity, and a shared dedication to securing the best possible outcome.
The Steps for an Executive Search Appointment
Engage the search organisation
Hold a briefing meeting
Create position and person specification
Set research strategy
Conducting research in the target market/networking
Qualifying prospective candidates
Interviewing and pre-referencing
Writing candidate profiles
Presenting candidates and tracking progress
Scheduling interviews
Checking references
Offer and securing placement
Closing the candidate search
When choosing an Executive Search specialist to help fill those top-level positions, you want to find one that's an expert in finding the best talent on the market. Look for a team that specialises in sourcing high-quality executive candidates and has well-established relationships with top-level professionals.
Contact Beyond Recruitment Today
For your next strategically important hire contact Kris Attewell, Regional Manager Human Resources Government and Policy for your next Executive Search appointment 021 435712 or email kris.attewell@beyond.co.nz.
