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Executive search firms are specialist management consultants, sometimes referred to as executive recruitment agencies which help organisations find and hire the best senior-level executives, including C-suite positions (like CEO’s, COO’s and CFO’s). But what does an executive firm do?
Executive search differs from recruitment as they go beyond simply sourcing candidates actively looking for a job and start by getting to know the organisation and its culture, preparing job descriptions and mapping talent, before moving on to identify candidates, screen prospects, and then introduce shortlisted candidates to the organisation. Often they complete the search by helping with onboarding and advising on executive compensation and benefits.
They can also play a vital role in succession planning for senior leadership roles, both in large businesses (where market sensitivity exists) as well as in smaller businesses.
Executive search firms play an important role in helping companies find and hire the best senior-level leaders. They have a deep understanding of the executive market, how to assess leaders, and can access a pool of candidates that may not be available to the organisation on its own. They also have the experience and expertise to help organisations make the best hiring decisions and use tools which are often not available to non-specialists.
There are many benefits to working with an executive search firm, including:
If you are looking to hire a senior-level executive, working with an executive search firm can be a wise investment. They can help you to find the best candidate for the job and save you time and resources in the process.
This post has been published by the CJPI Insights Editorial Team, compiling the best insights and research from our experts.
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