Executive Recruitment Resources
Recruiters of this type are frequently employed by talent search agencies that have developed long-term relationships with client companies and are familiar with the desired qualities each client seeks in its high-level employees. These search firms are usually held on retainer so that they are immediately available to carry out a specific search for a senior executive candidate. Recruitment firms work directly for their client organizations, not job candidates.
Executive recruitment is an organized effort by a company to find quality candidates to fill roles within senior executive positions. The process can be undertaken by an internal recruitment committee or an external executive search company. Internal recruitment is arguably the more cost-efficient of the two, but using a third-party search company negates the need for an organization to build an in-house committee or appoint a staff member for that purpose.
Not only can executive recruiters become specialized in a particular niche market, some become experts in a specific geographical region or city, while others may have a global focus and recruit candidates from all over the world. Similarly, recruiters may choose to specialize in employee types such as IT professionals, sales managers or senior executives.
An external executive search company works for a client company and actively seeks out potential candidates for a specific job. The search is not aimed at placing out-of-work executives looking for a new job, but on identifying qualified candidates and approaching them with a job offer. Often times, this involves persuading candidates to leave their current jobs to be employed by the client company. Executive search companies have broad networks of professional contacts and inside sources to keep them informed of an array of qualified senior executives.
With the rise of the Internet, many companies have found it substantially less expensive (read: up to 75 percent cheaper) and more efficient to create in-house executive search committees to find the best executive matches. Through the utilization of white-collar social media networks and professional public databases, finding prospective candidates is now much simpler. Those same social media tools also help recruiters build relationships with candidates, and continue those professional relationships into the long-term. Additionally, internal recruiters know their companies better than any third-party and develop their expertise, connections and understanding within a company's culture.
The method used is dependent upon each individual company. Keeping an external recruitment firm on retainer gives a company access to large professional networks of potential candidates without having to research and maintain those networks itself. Developing an internal committee lowers the cost of the executive recruitment process and ensures that the recruiters are well versed in company culture and values.
Retained agents work as management consultants and often provide their clients with leads, tips and business insights gained from industry contacts in regard to potential candidate matches employed by competitors. Executive poaching is a common method for securing upper-management talent while also putting competitors at a disadvantage. These methods are legal and generally handled with a high degree of professionalism by the recruiters.
Master the art of closing deals and making placements. Take our Recruiter Certification Program today. We're SHRM certified. Learn at your own pace during this 12-week program. Access over 20 courses. Great for those who want to break into recruiting, or recruiters who want to further their career.Take Program Today
Career Research Tool
Use our career research tool to find more than just a list of careers - find the right long term career for you. Explore salary trends for each type of profession, read sample job descriptions, and find the professional and educational requirements for specific careers.Use it Now