More than that, leaders need to understand the ‘right’ kind of people to fit a role, only then would a company be practicing the slogan – “empowering lives”. There is a huge reason why Forbes Magazine only enlists 100 most influential companies and not ‘all’ of them. On one of their “pre-interview” research, Forbes confessed the strong reasons behind selecting the finalists. The company’s culture, background, social reach-out, financial health, strong suits and competitor analysis contribute to the ultimate ranking in the 100 most influential list. This is done annually by them.
When the opportunity to add talent at the leadership level presents itself, organizations have the option to conduct their searches internally (i.e., through personal networks, job postings, board and staff referrals) or to engage professional assistance. In choosing the latter, there are a number of things to know and steps to take that can help boards and executive directors in how to select and successfully utilize an executive search partner.
Hence, it is increasingly important to add a great flavor of talent in the hierarchy of the organization who can drive thousands and then millions of people “for” the company. Do you think, hiring such a person is easy? Not at all! If you just look at bad hires, according to a recent Harvard Business Review, you will find ample examples of why about 95% companies hire people who do not fit the roles or are job hoppers that cost a company a lot of money and time. From pre-hiring glitches to a poor employer branding, lack of mobile responsiveness and employee handling – many are the reasons to a wrong hiring. Not to mention, response time from employer is also a crucial factor.
An executive search consultancy firm provides more than what meets the eye. They are highly adept, experienced, and are not constricted to a specialized industry offering. That means, they are open to provide solutions to any kind of industry vertical. Their role permeates the general recruitment process, wherein it is only talent acquisition services and CXO hiring, freight forwarding hiring, logistics hiring that most HR consultants offer. Precisely, Executive search consultants:
.Consult with your Board of Directors or Managerial team on a selected candidate’s achievements, search criteria, organizational expectations, and compensation benchmarking and people management process.
.They create a detailed search criteria that enlists all the key roles and responsibilities that connect the skills of the candidate with the long-term business vision and culture of the company, perfectly.
Working with a recruitment process outsourcing firm can be both appalling and pleasurable, depending on what results they bring out in the end. However, as the saying goes – “look before you leap”, it is better to look for all the positive factors aforementioned and also their market reputation before choosing them as your partner. If you happen to find a great executive search consultant, however, you will definitely improve upon search quality and get the best possible candidates who can be valuable gems for your organization in the future.