The Pros And Cons Of Executive Search

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Is retaining an executive search companies always the best decision to take when hiring top performing talent? Executive recruiters of such firms are the experienced specialists who identify and place the best executives and fill an important position in your top management team. Executive search can be carried out internally as well by the in-house HR department but the best headhunting firms are ultimately more effective and efficient. With their objectivity and extensive network contacts, these firms are experts in value adding to the top management of an organization. Do you know the costs of a bad hire can have these negative results: • Downtime in sales activities. • Downtime in planning, strategy and operations. • Downtime in business…show more content…
It makes good sense for cost-conscious businesses to seek HR solutions that will allow them to manage their financial resources and time efficiently and effectively - particularly as the majority of any business's expenses are related to HR, including employee benefits, compensation, recruitment, absenteeism and turnover. Today's executive search and placement specialists use refined and advanced methods, draw from a large pool of potential candidates, have a network of contacts in place, and utilize thorough assessment techniques, giving them an edge that is well beyond the scope of many companies. • Knowledge of Local Markets Search consultants based in Asia have clear understanding of local market insights. A large-percentage of the expert search professionals have an excellent understanding of the local region, culture, business practices as well as access to potential candidates not available through the general market. • Specialist hiring…show more content…
The best candidates appreciate the privacy and the professional approach of a third party. Hiring superior level professionals is an intricate process and is best executed by the firms with wide network of contacts. • Strict Privacy and Confidentiality Filling up C-suite rank position is a significant task and organizations with the open executive positions are vulnerable. The reputable and professional executive firms maintain strict confidentiality and specialist consultants value the highly sensitive information during the hiring process. This information kept confidential protects the management against the competitors, employees and investors of the organization. • Cost Efficiency The cost incurred in preparing, implementing and executing an internal hiring process (from ads/recruitment campaigns to shortlisting the potential candidates) can be weighed against the benefits of using an expert firm. Hiring a headhunting/ recruitment firm is an investment to improve the hiring quality and one cannot overlook the jeopardies of not outsourcing the

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