10 Steps of Professional Working of Executive Search Firm

10 Steps of Professional Working of Executive Search Firm.png

Step 1. Hiring an Executive Search firm

Following the finalization of contract, executives search firms work to hiring consultant for both external and internal candidates.

Step 2. Holding Launch Meetings

Recruitment staff get together to discuss the requirements for the role. In this meeting, stakeholders, board members and senior executive team members take part, generally. The basic purpose of the meeting is to extract useful information about the role and requirements of senior level executives in the management and work culture of the company.

Step 3. Job Description Creation

Following the previous meeting outputs, in this role executive recruiters finalize the job description for the position. In this step, consultants finalize roles, responsibilities, preferred experience and core competencies for the ideal candidate. As per the client approval, the document is used to create Position and Candidate Specification.

Step 4. Selecting the Research Strategy

The search team consultants sort out target companies to yield a successful candidate. In this step, ‘no hiring’ companies are also declared due to sensitive client relationship. Moreover, executive hiring consultants also consider office location, added benefits and corporate culture in this step.

Step 5. Conducting Research

Mapping of appropriate research online and offline mediums is an important part. In this step, executive manpower consultant research candidate database at various resources to yield prospective candidates.

Step 6. Scheduling Interviews for Top Prospects

The search consultant set up interviews to evaluate the top prospective candidates. During this step, executive hiring consultant take a deep drill into the experience and career of the candidate. Along with it, without jeopardizing candidate’ confidentiality search executive verifies the past performances and other essential career skills.

Step 7. Writing Candidate Profile

Following the interviews, search firm creates candidate profiles for the selected candidates. This report briefs the achievements, education and soft skills like values of the candidate to prove, why he or she may prove a good fit.

Step 8. Final interviews with Client

The search firm presents the strong contenders to the client for final call of interview. Those who are eliminated on any ground of the previous steps are closed out.

Step 9. Reference and Background Check

An executive search team member verifies the candidate’s references in this step. Most often, third-party conducts the background verification of the candidate.

Step 10. Extending the Offer and Closing Candidate Search

Executive search consultant work as mediator between client and candidate to finalize to the package that is agreeable for both. Following the acceptance of offer, the search team wind ups the open position.

Given the complex and long process, the executive recruitment is a time consuming process. Further, the involvement of senior level management staff from the corporate is crucial too. That’s why executive search firms can only succeed when they work professionally. As one of the top executive search firm, GlobalHunt strongly believes in working with a streamlined professional approach.

Advertisements

A Cover Letter is as Important as the Selection Process

A Cover Letter is as Important as the Selection Process

Many placement consultants provide valuable information and tips to the candidates regarding the interview process and its intricate details. These consultancies have talked in detail about the process and how one should prep up for the same. The advice and tips have been given regarding the structuring of resume, grooming essentials, body language, communication style and appearance in detail. But there is one element that is the fundamental pointer of this entire process but not much has been said or heard about it until now. This is the cover letter. Well it might come as a surprise to many candidates that a cover letter is as important as the resume. Before getting in to the details of the cover letter, its importance and structuring elements, one needs to know what exactly is meant by a cover letter. It is defined as the letter of introduction that essentially highlights key accomplishments and expertise that is in line with the job profile. Now days, there are some companies who do not consider a resume if it is not accompanied by a cover letter. Hence it is essential to develop a cover letter individually for every job application to be sent.

The importance of cover letter are as follows:

  • Firstly, online platforms now days provide the details of a candidate profile in a complete set. This means the recruiter already has a fair bit of idea about a candidate profile even before going through the long resume. The cover letter essentially shows the capabilities of candidate during work process and highlights achievements that help in determining the compatibility quotient. This can be in terms of crisis management, soft skills or team motivation. Usually it is a sum up of the USP of a candidate that makes him or her perfect choice for the profile.
  • The cover letter is the representation of communication and organizational skills. A systematically structured cover letter that is tailored to the job profile rather than a generic essay conveys the seriousness towards the opportunity. It also shows the candidate knowledge about the position and its related skill set requirement. Overall it is like creating a first impression in front of the recruiter.

Hence, cover letter paves the way for an opportunity to knock at the door step. Therefore it is essential to remember certain pointers while constructing a cover letter.

  • Before writing the cover letter it is essential to go through the job description of the position for which the application is sent. The cover letter should be designed accordingly for the maximum impact.
  • While writing the cover letter, it is essential to make sure that the employer finds the key requirements highlighted for the profile. Only then, the resume is considered effective. So it needs to be structured in a professional manner.

Lastly one should remember that a resume accompanies the cover letter. So it should be made crisp and to the point so that the employers reaches out for the resume.

4 Reasons Why Hiring Placement Consultants Will Make Your Organization Successful.

https://i2.wp.com/elexusconsulting.com/images/Services-FinanceW.jpg

If you want your organization to be successful than one of the key areas that you must look into is hiring. Hiring is not an easy job especially when you have many other tasks to perform. If you want to make your hiring process efficient and less time taking than you must hire a placement consultant. They will not only give you professional hiring services but they will also make sure you hire able candidates for your organization.

If you really want to know about why you must hire a placement consultant than have a look at this article.

  • It makes things easier for you- Recruitment is one of the most important tasks of companies these days. It can actually be a very tedious job. Hiring a consultant will not only lessen the burden of the HR department but will also ensure efficient in the whole process.
  • Ensure that you hire apt employees for your organization- Another very important reason for opting for such services is that it ensures you hire the right kind of employees for your organization. They understand your requirements and shortlist candidates accordingly. They analyses the skills, qualifications and experience of the candidates and shortlist them on the basis of the company’s needs and requirements. In other words, they ensure that you hire the right employees for your organization.
  • Make the process more efficient and less time consuming- Recruiting such consultants makes the process of hiring efficient and less time-consuming. They have a thorough knowledge of the latest market trends and this enables them to shortlist able candidates. They send only those candidates for further rounds of interviews whom they consider suitable and skilled enough. This not only saves the time of the HR department but also makes the hiring process much easier.
  • Act as a medium between candidates and companies- They act as the channel of communication between the candidates and the companies. They make the companies aware of the skills, experiences, needs and demands of the employees. They also make the candidates aware of the job role, policies, requirements and target of the company they have applied for. This makes the procedure of recruitment transparent and makes both the sides aware of each other’s needs and demands.

Now that you are aware of the various reasons for hiring a placement consultant, opt for such services while hiring employees. There are many such agencies these days. However, all of them are not reliable. While hiring such services, you must always opt for agencies that are experienced and reputed enough.

Creative Hiring Strategies That Boost The Recruitment Process

https://c3.dq1.me/uploads/article_block/27028/article_featured_image/3934/thumb_user-1823161-2017-02-16-15-46-45.jpgThe traditional recruitment services provided by placement consultants are falling short of meeting up the demands of modern corporate world. Hence they have broadened their service basket beyond resume collection and interviews to other segments such as proposal and implementation of creative recruitment strategies, assisting in on boarding, formulating HR policies and much more. Among all these services, creative recruitment strategies are one of the crucial areas of expertise. Some of the creative hiring strategies proposed by placement consultants are mentioned as follows.

  • Implementing a self selection process is a basic move that lowers the amount of selection process. This can be performed through an open group invitation to a discussion. For example, calling in all the applicants for an open forum discussion. Some are bound to take a back seat. There will be a significant percentage that will not appear for the discussion. Hence it represents their interest towards the opportunity through which the short listing can be done.
  • After the initiation group event, another discussion round can be held among the candidates selected from initial screening. This helps in understanding the basic communication skills, presentation abilities, logical point of views and professional behavioral standpoint of the candidates. Instead of waiting for the interview process in the every end to judge the soft skills, this reduces the effort of next level technical assessment.
  • Reaching out to the passive candidates does the trick many times. These candidates mostly belong to the employed groups who are not looking for jobs. It is better to find out ways to approach such candidates with an offering that strikes the interest of the candidate for a job change. The best way to do so is to present certain factors that show the candidate skills are needed by the employer or the recruiter.
  • Job fairs have become old fashioned. Most people do not attend such fair because of lack of time or they already have a job. It is better to look for candidates in online forums where intellectuals take part in active discussion related to industry and market trends.
  • Social media is everywhere. It is always better to make an offering there. These platforms have the highest traffic throughout the year. Interesting opportunities should be presented in similar manner. Small games that showcase problem solving scope or certain new technology quiz sparks up the interest to a great extent present the job offering in the best way.
  • Former candidates make good considerations. While it might sound a bit off the track, former candidates who had been rejected due to a certain skill set absence or were not in line with the requirement in the past may have a chance of suiting the job profile now.
  • Referral programs are a rage. Combining that with incentives can work wonders towards effective hiring. Employees who work within organizations know the requirements better than anyone else outside the system. So they have a better chance of referring apt candidates than outside sources.

Lastly, understanding the requirement of the company is essential, whether it is a full time employee or part time worker or a consultant. This distinction helps in minimizing costs to a considerable level.

Role of HR in Recent Times

https://i2.wp.com/marshallalston.com/wp-content/uploads/2017/12/Marshall-Alston-Human-Resources.jpg

As an HR agency it’s always necessary to evolve with the current hiring trends and needs of companies. Whether it’s about keeping a track of the industry dynamics, emerging social media tools, mapping the skill gap or even building your brand a recruitment firm should be equipped with knowledge.

The role of HR managers has drastically changed with time. Unlike earlier where the task of the HR managers was to review, fix interview and find a suitable candidate for the job. Today the HR managers are required to understand their business operation, each department work process, skills needed, understand the dynamics of each department & industry and most importantly align the behavior pattern of each individual and department with the company’s vision.

They are specifically trained and skilled to handle a lot of things other than just recruitment. You can have a look at the following points to get an idea about the various roles of an HR these days.

  • Maintaining Workplace Safety- Another important job role of an HR these days is to ensure workplace safety. The HR of the company is responsible for maintaining federally mandated logs in case of any workplace injury. It is the duty of the HR to make sure that the work environment is safe and healthy enough for both the employers and the employees.
  • Employee and Employer Relations- The HR is the main medium of communication between the employee and the employer. They make the employees aware of the various laws, needs and targets set by the company from time to time. On the other hand, they report to employers about the performances of the employees and their achievements from time to time.
  • Training and Development- Training and development has become a key role of HR these days. Proper training and development must be provided to the various employees so that they can add to the benefits of the company adequately. Leadership training programmes must be provided to newly hired managers and supervisors so that they can efficiently manage the team working under them.
  • Benefits and Compensation- This is a very important role of a HR.They review the performances of the candidates from time to time and suggest an appraisal to the management accordingly. They are highly aware of the compensation rates of other companies in the market and they work accordingly to keep their company up to date. This not only helps in retaining employees for a longer period of time but it also helps in attracting desirable and qualified candidates for a particular job profile. The HR of a company also keeps the employees aware of the various perks and advantages that they are entitled to as employees of a particular organization. A company that is popular among its employee has a better brand image and market reputation.

Now that you are aware of the various roles that an HR plays, next time you hire an HR, hire someone who is skilled and experienced enough. You can also seek help from placement consultants while hiring an HR for your company.

What Are Your Work Values ?

Image result for What are your work values?

Values in general means the ideas and beliefs that are really important for an individual to survive in this society. These values help you as a guide to take proper actions. Examples of the values are self-respect, peace, honesty, and success. Your work values are the essential part of your own beliefs and you need to determine these values before you choose your career or accept a job. These values play an important role in work and also shapes you as a person.

Both intrinsic and extrinsic values play an important role in the work life. Intrinsic value is related to the actual task of the job like taking up challenges at work, helping others and introduce some leadership skills. In Extrinsic value, the things that are related are recognition, job security, and high earnings. If you do not understand your work value, then very quickly you will lose your work interest and things will turn monotonous. You will not get any satisfaction from your job role. You may take the help of the tool or list down your work values so that you can work on them separately and understand the core value at work.

After you list down the values, you need to work on the same and then make a checklist of the same to get back to the work on the track. You can include the following values.

1)Achievement

2)Relationships

3)Independence

4)Autonomy

5)Working Conditions

6)Creativity

7)Variety

8)Helping Society

9)Recognition

10)Working conditions

Apart from this, you should also focus on personality type, aptitude, and interests. So, you should also need to work on these factors to get into the work life balance. After all, your personality and attitude define your true potential. So, there is nothing to worry and you will get the real help from the career counselor.

 

HR Agency And Its Intricacies

https://sgcampus.com.mx/wp-content/uploads/2015/06/curso-liderazgo-672x372.png

HR management has been the talk of the town in recent times with the advent new corporate structure and advanced reforms that have taken place in the global economy and industry segments. Previously, companies used to keep the involvement of HR segment to minimum in the business process and its budget allocation was also limited. This is due to the fact that HR is not a direct profit yielding segment. But now the thought process has changed. Companies have understood the importance of HR and its direct involvement in attaining the strategic business goals in the long and short term. With this understanding another aspect of HR management has risen, which is partnering with an HR agency for management of this business segment. With this trend, it is also essential to understand the advantages and down sides of this partnership. Hence both sides of it are as follows: –

Advantages

  • The HR process has many aspects to it which includes workforce management, payroll management, time sheet maintenance, HR policies, organizational structuring, performance management and such like. This required experienced resources who can not only manage these systems but also from time to time make necessary amendments and changes according to current industry trends and reforms. This can be effectively done by a HR agency. They are the industry experts who are well versed with the such restructuring and processes.
  • Secondly, in order to manage this process, a company requires additional resources in certain specialty segment as well. Hiring such resources and maintaining a set up similar to that adds to the capital cost of the company. But if a HR agency is given this responsibility then it reduces the overall operational costs of the company.
  • The recruitment process can be benefitted with this approach. Usually, these agencies have access to a sizable section of candidate database which can be effective towards the hiring process. They also have certain profiles which might not be available in public domain or through regular sources. This approach is especially helpful towards recruitment in the niche segments and technical aspects. This will eventually boost productivity and workforce performance.

Disadvantages

  • Outsourcing of the HR process to a third party service provider means that the company will have to share all the corporate information with the agency. This might include certain confidential information as well. If due to certain reason these type of information is breached, it might result in loss of credibility and market position.
  • If a HR agency is taken in to consideration, then the company needs to pass the entire control of the HR process to the agency. This might result in losing out on control of the business process within the organization. It might harm the managerial and productivity aspects to some extent.
  • Lastly, the company needs to reply on the candidates short listed for the recruitment drive by such an agency. It might happen that the quality of the candidate list might not be up to the mark for recruitment.

Therefore, the organizations should consider both the aspects before partnering with such an agency.