7 Things to Consider When Choosing the Best Senior Management Hiring Company for Your Business
When it comes to hiring a senior level candidate for your business, the cost of a bad hire can be huge. It will cost your company not just time and money, but also its competitive edge in the marketplace. Tackling an executive search on your own can also distract your senior staff from managing and growing the business while they search for the right hires.
“To grow your business, you might need a special type of search expert — an executive search firm — to assist in attracting, interviewing, and hiring mid- to senior-level employees. Executive search firms have long been used by big businesses but more small and mid-sized firms are realizing that they can also benefit from paying these consultants to help draft accurate and enticing job descriptions, generate a pool of qualified candidates for top-level jobs, vet references, and speed the hiring process.” (source: Inc)
The primary goal of a senior management hiring company is to mediate between job seekers and employers (companies). When companies use a senior management hiring company, they have much wider access to prospective candidates than they would by relying on their internal resources. Any good senior management hiring company will work closely with the hiring company to clearly define the core competencies of the open position as well as the skills they’re looking for in an executive.
Choosing a senior management hiring company is one of the most important decisions your company will ever make. Finding the right executive can help a company achieve its full potential. By contrast, hiring the wrong executive can be incredibly costly; not just to the bottom line, but also to company morale.
Choosing the Best Senior Management Hiring Company
“When you engage and retain an executive search firm, it is not a matter of just putting ad in the paper and seeing who the best person is that applies. At the senior executive level, it’s very crucial to find the best person you can,” says Peter Felix, president of the Association of Executive Search Consultants (AESC). (source: Inc)
Here are 7 essential considerations when choosing a suitable senior management hiring company for your business:
- Find out about the talent acquisition process of prospective senior management hiring company. You should know in advance exactly how a particular agency conducts its searches and what makes it unique. Asking the agency explicitly gives it a chance to be transparent, demonstrate its competence, and explain what makes its methods different.
- Gauge the scale of operation of the senior management hiring company. Larger recruitment firms, especially global ones, have considerable depth of talent among their own teams. This gives your business the benefit of extensive experience across industries and sectors, as well as giving you up to date advice on the best marketing channels and mediums to use in sourcing top talent, and the latest remuneration trends.
- A senior management hiring company may need some information from you on the strategic importance of respective position in your organization. But the best hiring agencies learn their clients’ business strategy and use that to guide the metrics they use in a search.
- Go through their client lists. You can tell a lot about a senior management hiring company by looking at its client base. Inquire about companies they work with to determine if they have experience working with your size and type of business. Read client testimonials if available.
- How does the senior management hiring company builds its candidate pool? The methodology used to access good candidate talent pools is a point of differentiation between hiring agencies.
- Find out who will be working on the search. Each search is different depending on the actual consultant involved. In some cases, more than one person in a senior management hiring company will be working on a project. Therefore, it is important to understand who will be conducting each of the key activities.
- Interview the senior management hiring company just as you would a candidate for employment. Ask them if they already have candidates in their network for your requirement. How will they keep you up-to-date on the status of candidates? How long will it take to fill the position?
Working with senior management hiring company…
Recruiting the right people in the right senior leadership roles is not easy; it is a process that requires investments of time and other resources. A senior management hiring company will have connections to some of the most selected talent across industries. It can add real value to your company, providing expert knowledge and contacts to help you find the right person for your business. Career Draftman is one such senior management hiring company. Well-known in the India’s recruitment market, Career Draftman Services is a decade old leading HR Consulting firm engaged in recruitment, temporary & contractual staffing, manpower outsourcing, corporate training & HR consulting services.
Career Draftman has been serving a host of industry verticals including IT (Software & Hardware), telecom, semiconductors, electronics, hospitality & travel, automobile & heavy machinery, steel, glass, pharma, BFSI, construction, media, agriculture, consumer durables, chemicals, oil and gas, infrastructure, courier, facility management, ceramics/ sanitary ware, education, electricals, real estate, retail, shipping/ marine, textiles.
InnoServ, Corp Global, Cloud9 India, MANCER Consulting Services, and Flysquare Solutions are few other reputed executive search firms in India. Cloud9 India is a human capital advisory company aimed to facilitate businesses in building strong human capital through result oriented & value driven talent acquisition, talent management and HRM practices. While working with established & large businesses, they also aim to enable the entrepreneurs in helping them grow their start up ventures and SMEs who are catalysts for strong economic growth of the country.
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