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SpinDistribute.com Article Directory

The following article was published in our article directory on March 30, 2012.
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What is an Executive Search?

Article Category: Jobs

Author Name: Collingwood Search

An executive search is done for the purpose of looking for the perfect candidates for an organization's senior-level positions. Gone were the days of placing job vacancies for executives on classified ads and bulletin boards. The hiring firm employs a recruiting firm or executive headhunters to look for potential candidates. The headhunters have already established a network consisting of different industries and they have the expertise to look for the right workers. Getting their services will assure the hiring company that they get the best people to help attain the company's goals.

The process of an executive search starts with the hiring firm giving the job description to be filled, the qualifications of the person to fill it and the knowledge and the skills needed. The headhunter would then look for the suitable candidate from his database or network of professionals. He would then call potential candidates about the vacancy. He may even call those that are employed in similar positions and ask them if they are willing to apply.

The headhunter then interviews the candidates and writes a report on each of them. He submits the reports to the company for their perusal. The company then interviews the qualified candidates. If an applicant is chosen by the hiring firm, the executive search is over. If not, it continues until the appropriate candidate is found.

A retained search can also be done by a hiring company where the process is done by reputable executive headhunters. The latter is paid a retainer or a cash advance of 1/3 of the fee. The rest of the fee is given in succeeding payments. The headhunter will work for the hiring firm to look for high-level executive positions. Many hiring firms pay a huge amount annually to fill out their executive positions. Although it can be an expensive way to hire people, it is also a process that will get the best, highly skilled and most talented applicants there are who are known for their exceptional work performance.

Another type of executive search is the delimited search where a minimal fee will be paid to the headhunter by the hiring firm. If the headhunter cannot find the right candidate, the fee will be refunded. If the headhunter finds the suitable applicant, he will be given around 35% of the initial annual salary of the said applicant. It is only the headhunter who shall fill the vacancy during the contract's term. A delimited search has a time frame that the headhunter should meet or else the fee will be refunded.

There are many advantages of hiring a search firm or headhunters. They are prepared to interview candidates who are triumphant in their fields and have the possibility to stay in the job. The firm also has experience in evaluating the background, skills and expertise of candidates thus, they would know who the qualified one is. They can also make an extensive background check on candidates and give meticulous reference. They also do the search in secrecy thus maintaining privacy .

Hiring firms have now become smart, as they know that through an executive search, they will immediately get the right personnel to help achieve the company's goals.

Keywords: executive headhunters, headhunters, executive search

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