Executive search is the process of finding and vetting candidates executive positions in an organization.
An executive search firm, also called a headhunter, is a company that specializes in finding and vetting candidates for senior-level and executive positions in an organization.
The executive search process usually begins when a company decides it needs to fill a high-level position and contacts an executive search firm. The firm then works with the company to develop a job description and criteria for the ideal candidate.
Next, the firm reaches out to its network of contacts to find potential candidates. They may also use online tools like LinkedIn to identify and reach out to potential candidates.
After conducting initial interviews, the firm presents a shortlist of qualified candidates to the company. The company then conducts its own interviews and may also request additional information or references from the firm.
Once the company has made a decision, the firm helps to negotiate the candidate’s salary and contract. They may also provide guidance on onboarding the new hire.
Executive search firms typically charge a percentage of the new hire’s first-year salary. This fee is usually paid by the company, not the candidate.
There are many executive search firms to choose from, so it’s important to do your research to find one that’s a good fit for your company. Ask for referrals from trusted contacts and look for firms with experience placing candidates in similar roles.
When meeting with potential firms, be prepared to discuss your company’s needs, the desired qualifications for the role, and your budget. Get a sense of the firm’s process and ask about their success rates.
Executive search can be a time-consuming and expensive process, but it’s often worth the investment to find the right candidate. A good executive search firm will save you time and energy by identifying and vetting qualified candidates, so you can focus on making the best hire for your company.
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