Executive search (sometimes referred to as headhunting) is a specialised recruitment service focused on sourcing candidates for usually senior level/executive positions, confidential or hard to fill vacancies can also be included.
Work is normally conducted on a retained basis and usually involves an upfront fee (often 25-30% of the final fee). Consultants work proactively with a special focus on passive candidates (professionals not actively seeking a new role).
When working on executive search assignments we will not rely on traditional methods of sourcing such as job advertising, although a targeted campaign may be deliberately used in some instances.
Before meeting with the client carry out research to achieve an understanding of their place within their market and how their organisation is viewed externally.
The second part of the executive search process is the client meeting. Here a meeting with the HR team and/or the relevant hiring manager is required to better understand.
Create an ideal candidate profile based on the research conducted during stages one and two of the executive search process. This will form the basis of the search and selection stages.
Taking the ideal candidate profile and your unique requirements as a starting point a map of the market across geographies, industries, competitors and any suitable internal candidates can be created.
Make use of a range of innovative attraction techniques, targeting both active and passive candidates.
From the research carried out during the market mapping stage, present your client with a long list of up to 10 candidates, including internal candidates if appropriate.
Candidate testing plays a part in many executive search process, providing an objective assessment of the individual’s key competencies and preferred working style.
Present the client with a shortlist of around 2-4 candidates. Accompany this with a detailed outline of the candidate.
Design a robust and consistent interview framework based on your client’s specific requirements.
The offer stage can be beset with pitfalls and troubles, where a role is Equity Partner there will likely be a buy in etc.
High standards of communication between the background check provider, your client and the candidate are crucial in speeding up completion times, mitigating the risk of applicant dropout.
Ideally digital contract management service is utilised for a fast and efficient process.
