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What You Need to Know About Executive Search Firms & Their Search Process


When people questioned how they aspire to find their next job, many of them answer, we will contact a talent hunter, who will handle that for us. Unfortunately, the answer reflects improper understanding or lack of knowledge, and this is quite true for executives. 
They should know how an executive search firm works and how it plays an important role in their career strategy. Here in this article, we will discuss the following things that help executives finding the best of best firms for their career development.
  • The role of an executive search firm.
  • How they shape your career.
  • How they work for companies and employees.
  • The executive search process.
  • Why organizations work with executive search firms.
Certainly, executive search firms are always on the lookout for skilled, professionals, experienced and talented executives. Whether you have been a talent hunted, then it is quite normal to think, this is one of the best ways it works most of the time. 

 You simply do nothing, but do your job well, and the headhunter seeks you out for new company or a new opportunity. If you have had sufficient skills and experience, consider yourself fortunate.
The Role of an Executive Search Firm
Executive search firms have vast role in shaping your career strategy. We can say like this way, with the following steps.
  • You uploaded your resume or CV to a job portal that you believe one of the best portals, where executive search firms look for headhunt.
  • Firms hover from directory to directory, executive portals and other good job portals, where they find polished, professional and clear executives to match the immediate openings.
  • They come across your resume or CV. If they find you suitable for the current organization and position, they will certainly call or email you. They understand recruiters challenge as well as priorities, so they only look for polished candidates.
  • Now you got the call and email. If you did apply, then it is good. If you did not, then they can contact you directly via any medium mentioned above for the immediate openings.
How Executive Search Firms Shape Your Career
As you are getting in touch with them, you should bear in mind one thing that their task is not to find you for a job. Their job is to find polish, skilled and certainly experienced candidates for their clients i.e. employers. 
Whether you meet all the requirements for the current vacancy, the recruiter organization can be extremely valuable to you, helps you get a job, thus shape your career.
How an Executive Search Firm Works
They work in two different ways. They work either on retained or contingency basis. When it is retained search, the client needs to pay a small amount of fee in advance to start the process, and after placing the candidate in initial fee is applied to the total fee due.
On the other hand, the contingency search is less formal and a bit narrow in scope; a recruiter may only be involved in the candidates' presentation and not in other facets of the hiring process.
The Executive Search Process
Knowledge of an executive recruiter of the current job market as well as industry will lend a different angle to the talent pool. Thus, highlights a candidate's skills and experience accordingly. Their work never ends up after providing the qualified candidate. 
They may facilitate the interview process and negotiate the salary structure for both employees and employers side. Once the entire process is completed they get a certain amount as fee for providing the service.
Why Organizations Work with These Firms
The majority of executive search firms act as consultants to their client organizations. Organizations with an open vacancy contract a search firm to give them candidates whether they lack time and/resource to organize the search that is often time consuming as well as labor intensive.
These firms shortlist the resume/CV as per the need of the organizations and then place to them for finalization. It helps organizations getting the right candidates at the right time without investing time, energy and resources.
Finding the candidates is not a difficult task, but getting the right candidate for the right post is a daunting task, an executive search firm works best in this segment, finding the most qualified talent in the industry.

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