Title: What Makes Executive Search Firms Stand Out, And How - WalkWater Talent Advisors
1What Makes Executive Search Firms Stand Out, And
How? - WalkWater Talent Advisors
Executive search is a specialized recruitment
service that organizations pay to seek out and
recruit highly-qualified candidates for
senior-level and executive jobs like President,
Vice- president, and CEO. Finding such top
talent can be challenging, which is why
companies hire specialized executive search firms
to help them recruit. This could also be because
the company may not have the internal resources,
network, or evaluative skills to recruit on
their own. Then, hiring such executive search
firms can also help recruit indirectly from
competitors, allowing to find candidates that
might not be able to be found otherwise.
- What makes executive search firms stand out?
- Executive search firms focus on filling
senior-level, executive, and high-level
management positions within a company. - Executive search firms are high on communication
skills, which is most important to attract top
talent.
2- Executive search firms have high volumes of roles
and candidates on their database, which is
reliable to find relevant - candidates for any job.
- Executive search firms are capable of finding
candidates that are not immediately identifiable
in the market, by utilizing a - range of personal contacts in the industry and
in-depth knowledge of the trade. - Executive search firms combine deep industry and
functional - knowledge with a proven executive search and
assessment process to find candidates who can
best fit an organizations unique needs. - All in all, identifying and attracting
high-performing talent requires a rigorous
approach to assessing executives ability to be
successful in the required roles and situations,
which is just what executive search firms can do
through their thorough understanding of
different industries and functional roles, and an
impeccable judgment. - Procedure of recruitment adopted by executive
search firms - Executive search firms use the recruiting
industrys best practices in order to get the
best candidates for executive positions. Heres
a detailed list of the procedures that they
follow. - Strategy and Research It all begins with a
strategy, which considers the level and scope of
comparable roles and other data points like
office location, company culture, company
ranking, etc. They then target companies within
specific industries and within specific
geographic locations to have a list of potential
leaders to go after. But, theyll approach a
candidate only if a contact in their network can
verify that the candidate is solid. They also do
a lot of research with a
3- variety of tools, previously conducted market
analyses, and alternative internet sources like
social networks. - Technology Only the best updated technologies
are used to source and screen candidates, such
as customer relationship management software,
recruitment software, etc. After all, executive
search firms need to stay on top of the latest
technology trends to get things done effectively. - Networking Executive search firms always take
advantage of the wide network that they have with
prospects, candidates, and hires. They tend to
this network to strengthen existing
relationships with regular communication, and
also constantly stay on the lookout for new
relationships. - Client and Market Analysis Next comes thorough
analysis of the hiring company, so as to identify
key opportunities for the new executive, and
define a candidate profile that fits into the
corporate culture and organizational structure.
In addition, a deep analysis of the market is
done too to create a compelling job profile, as
market analysis can help outline the competitive
environment and influence the type of executive
the search firm will look for.
5) Research and Reference Checks Next, a
research is done to identify and profile idea
candidates, mapping the reporting relationships
and building out charts of target teams. The
executive search firm will also query its own
candidate database, proprietary information
services, and
4- social networks to yield prospective candidates.
Then, these candidates are checked for
references, making every effort - to ensure discretion and confidentiality.
- Interviewing The executive search firm will get
in touch with the hiring company to outline
search requirements, the organizational
strategy, the companys mission, and timelines
to get an idea of the corporate culture. The
requirements of the role are further discussed
with key board members, members of the senior
executive team, peers, and subordinates. Top
prospective candidates are then interviewed and
evaluated in a deep-dive interviews, to be able
to compare the candidate against the candidate
specification. After such multiple interviews,
the candidates will be shortlisted to somewhere
around 10, based on their background, interests,
and competencies. Finally, the list is refined
to a slate of 3-5 strong contenders. - Closing the Candidate The 3-5 strong contenders
are then brought in to be interviewed by the
client company, so that the most apt candidate
is selected. Once the final candidate is
selected, the executive search firm will
negotiate a package that is agreeable to both the
client company and the candidate. When the offer
is accepted, it is considered a closed deal. - With such a systematic process in place, an
executive search firm can help arrange for both
the client company and candidate their own needs
to be effectively met. If you are interested in
working with such an expert recruiter, WalkWater
Talent Advisors is one of the top retained
executive search firms in India you can rely
upon, for hiring the best candidates for your
firm.
5For more https//www.walkwatertalent.com/
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