Benefits of Using An Executive Search Firm
Executive search is a recruitment service which to hire the candidates for the position of executives different organizations. Executives are essential in every organization from low to high-level in many departments. Companies who need executives may either hire them directly or can engage a third party firm to hire such executives for folks. It’s not easy to hire the ideal candidate for executive position especially if you do not have many contact and processes.
There are firms out there in order to executive search organizations. These firms work as a other for your company’s recruitment. There are many benefit of hiring such companies for the recruitment. They have good experience getting and hiring executives, so they do the task a person in lesser experience. As you are running a business, you may not get sufficient in order to conduct the interviews and choose person from a crowd, so it is obviously beneficial to use a third party firm to do the task. The position of an executive in the company is of great importance and you cannot take risk of hiring an unskilled and unsuitable person for the job. An executive search firm will guarantee you with the hiring of a perfect executive for company.
We will now discuss working of these firms. There are three types of executive search options. Working of each model is somehow different. We will discuss each model in brief.
Retained Executive Search
In this search model, the company hires a great to recruit officer or senior executives for them. The fee that the executive search firms charges often 30% of the annual salary of the recruited executive and individuals paid in three installments.
Delimited or engaged search
This search model will be retained search with certain differences. Significantly like retained search, it necessitates the company to pay the executive search firm in advance, but but now condition that the fee is refundable in case if the firm unable to choose a suitable executive for the post.
Contingent search
These firms are somehow different off the above two. These firms do not get the payment in advance, but only once the executive has joined the. These firms usually obtain a 20% on the annual salary of the recruited account manager. They receive the payment always from recruiting company not from the hired friend.
Executive search firm is a good option for every kinds of companies. As an executive is really a part among the firm and it may not invariably be straightforward for the company to locate the best talent inside of the market, it is best to work with a firm which can do the project for you’ll.
Fortra Executive Search
537 Hamilton Ave #100, Palo Alto, CA 94301
(650) 823-1138
