If you’re in the market for a new executive-level position, you may be wondering if it’s worth working with an executive recruiting firm. There are a lot of misconceptions about executive recruiting firms, so today we’re going to clear some things up and discuss the pros and cons of using them.
The first thing to understand about executive recruiting firms is that they have a very specific focus. Unlike traditional staffing companies, which offer support in all aspects of the hiring process, executive recruiting firms typically work exclusively with senior-level candidates and employers. This makes them a great resource for anyone who is looking for upper management or C-suite positions.
Another important thing to understand about executive recruiting firms is that they work closely with their clients, both on the employer and candidate sides. This means they can offer great insights into which companies are hiring and what types of positions they have available. They also bring a wealth of knowledge to the table when it comes to filling these positions. After all, many of their recruiters have extensive experience in the field, whether they’re working with Fortune 500 companies or startups.
How do they work?
Executive recruiters typically work on a contingency, or contingency search firm fee model. This means they’re paid when they make a placement. As you can imagine, this presents them with some serious motivation—they need to find the best candidates for their clients in order to get paid. (On the flip side, it also creates an incentive to rush candidates that may not be a good fit for the position, in order to get paid quickly.
Still, this doesn’t mean they don’t have your best interests at heart. They generally work collaboratively with their clients and candidates. In fact, many executive recruiters will tell you that they spend more time on your behalf than their client. And, they’re not only responsible for finding the candidate, but also vetting his or her qualifications and ensuring a smooth hiring process from start to finish.
Are they expensive?
In some cases, yes. Especially for placements that require a significant amount of time and effort. For example, an executive search firm may take the lead on finding the CEO of an organization, which could involve networking with various contacts to help identify potential candidates, interviewing them to assess their qualifications, and presenting your company as the ideal place for working.
Overall, executive recruiting firms are a valuable resource for anyone who is looking to move into a leadership role. If you have any questions or need assistance navigating the hiring process, contact an executive recruiter today.
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