Qualities Of A Great Executive Search Firm

http://i0.wp.com/asaptalentservices.com/wp-content/uploads/2016/08/Executive-search2.jpgAn executive search firm is often referred to as a professional service provider company that has specialization in recruitment of executives and other senior professionals for its client companies under some form of agreement. There are many companies now days who are seeking service from such firms in order to fill in the positions in a time and cost effective manner with perfection. While it is a very effective approach to gear up for recruitment needs, there are certain factors that need to be kept in mind for the selection of such firms.

  • The first thing to look out for is the industry experience. It is better to look for executive search firms which have already worked in the similar segment for a better knowledge base. The best way to find this information is through company website. If the industry in which the firm has worked is not mentioned, it is better to go through the list of clients for which the firm has worked for. This also helps in gaining insight regarding the same.
  • Every business has its own sell-ability quotient and business development objectives. This criterion holds true for executive search firms as well. An insight regarding their business model and structure they follow to provide their service is essential to be noted. This will determine whether the business process is suitable for the client company or not.
  • The success of a firm lies in the number of tasks completed by the company rather than number or projects it roped in. So, one should visit online forums wherein organizations and individuals give feedback about the recruitment projects actually completed successfully by such firms. This determines the actual performance of the firm.
  • Flexibility is a key to such firms. The better a firm can mold the business process in accordance with the client company, the more effective service provider it becomes. Hence adaptability of the service provider in accordance with client company structure and work culture is an added advantage.
  • Recruitment process is a continuous process. The companies are usually in need for professionals all-round the year for various functionalities and building up as well as maintaining a stable workforce. Hence, if one can enter in to long term partnership with such a firm, then it becomes a cost and time effective approach of handling the recruitment needs to the business.

The executive search firm should have a strong database of candidate profiles which is updated on a regular basis. This helps in looking in to the fresh profiles that are most updated and relevant at the same time. The networking channels of such a firm should be strong and well connected to source the candidates effectively. In addition to this, it should also have access to passive candidates. Such candidates are not easily available as they are not actively looking for jobs and mostly are working with competitors. The executive search firm should be able to convince such candidates for the opportunity and the selection process.

Advantages Of A Job Consultancy

advantages-of-a-job-consultancy

The corporate world is moving a rapid pace. It is becoming difficult for companies to keep up with the increasing demand of industries due to dynamic innovation of technology and fast changing trends. In order to support such conditions, the production of the organization as well as performance of the employees need to be at par with such conditions. Therefore, companies are now looking out of candidates who can join immediately after selection and take over the responsibilities at a swift pace to support the flow. The demand of “ready now” candidates is on the rise. A job consultancy is very crucial in such a scenario that can locate and bring in such candidates. The companies can benefit from following features of a job consultancy.

  • Such consultancies have a strong network of candidates readily available under their system. These candidate profiles are already pre verified and accessible at the same time which might not be available through normal channels. This is beneficial if a company is looking out for professionals in niche segments and industries.
  • They can help in streamlining the entire process to make it more effective and efficient at the same time. From the huge number of random applicants, they short list a small batch of effective and most aligned candidates which reduces the unwanted time of going through huge number of random resumes.
  • They reduce the wastage of management time to a significant level. They interview and evaluate only the most relevant candidates based on the company requirement on the behalf of the organization. These candidates will have the most significant skill set that is in line with the job profile.
  • Usually a job consultancy has a board of recruiters who have rich years of experience in hiring as well as in the HR segment. Hence they understand the recruitment agenda as well as the company work environment. Accordingly they can effectively evaluate and analyze candidates in terms of technical skill set as well as professional behavioral aspect in order to find the best match for the company.
  • Today the companies are looking out for solutions that are not only time effective in nature but also are budget friendly. If the cost of recruitment process is added up based on individual stages, then it becomes significant. Cost of job ads, resources devoted towards CV short listing, conducting interviews, evaluation, on boarding and such like involves a significantly amount of money, whereas a consultancy can provide all services under a single umbrella at a better cost structure which is profitable for the company.

Lastly, just finding candidates and conducting the interview process does not make the system effective. There are certain other elements to the process as well. Consultancies provide valuable advice on the salary benchmarking which is at par with the market so that it provides a suitable position among competitors and it is budget friendly at the same time. This helps the company in the long run towards growth and development.