Have you ever been tasked with discovering the perfect candidate for an executive-level position? If so, you’re aware the process of finding a candidate to fill senior-level roles is much more rigorous, time-consuming, and research-heavy than hiring an entry-level or middle management position.
When recruiting intermediate personnel, you’ll typically post on a job board or two, run the resumes through an algorithm, and review the remaining applicants for the best possible candidates. The process can range from days to weeks. However, when it comes to an organization’s most senior-level roles – from the C-Suite to the Boardroom – different strategies are necessary to find the right candidate who can lead an organization. The executive hiring process typically requires you to seek out the most qualified candidates instead of the other way around.
That’s where executive search firms come in. An executive search firm is a company that specializes in placing highly qualified candidates in executive-level positions across the public, private, and non-profit sectors. Executive search consultants seek to understand a specific executive position, define the core competencies necessary for a successful hire, and target several candidates that fit a distinct profile. Such positions include President, Vice President, CEO, CFO, COO, department heads, and more.
The work of Executive search London firms can at times be confused with the services of contingent recruiting agencies. However, there are key differences in scope, methodology, process, and more, which differentiate these into two entirely different professions. In short, retained executive search firms partner with organizations to provide expertise in their industry or service, ultimately leading to the hire of a successful candidate.
Partnering with an executive search firm is not just a one-time transaction—it’s a long-term relationship.
For instance, if you utilize an executive search firm to place a new CEO, you’ll likely enlist them when you need a new CMO or CFO. Or, if your organization needs executive coaching, culture assessment, organization mapping services, or additional high-level solutions, you’ll likely re-engage your executive search firm.