Retaining a good executive search firm to discover executive candidates for your enterprise is necessary for your long-term success. Hire one poor performing executive and it sets you back months if not years, and is harmful to the morale of your team. Hire a star performer and it may do wonders for your business. This is a guide to help you find the professional security company for your hiring needs.
Prior to starting to appear, it is a good idea to accomplish some homework. First create a summary of key performance indicators (KPI) with clear deadlines. This is a list of things the candidate is predicted to achieve on the job. For example if you would like the new hire to open up European marketplace for your products or services, you would write, “Open up Eastern Europe for widget x, making it offered to at least 45% in the population — 12 months.” The KPI list should span at the very least 2 to 3 years. Next produce a description of the position. This would explain the content of the job, company vision, culture, historical performance, candidate experience, desired attributes and work style. Add any other factors that may help to effectively market the position. Professional search firm will even assist you to refine the task description but this will be an excellent starting place. Blend of the KPI list as well as the job description may well be a better approach to explain the position than merely a bullet point listing of duties. KPI list also helps the candidates visualize the work better and connect it making use of their past experience and their future aspirations.
You are now ready to find executive search firms. Starting point is always to compare price quotes from multiple Executive Search firms with a Business Network. Also search the online directory and Google to make a list of about ten firms. Be sure you ask your company associates for recommendations too. It is important to search for firms with knowledge of your industry, job position or geographic region. Share the KPI list and also the job description with a few firms, and find out their response. Expect a number of them to withdraw if they do not have the candidates or the expertise to help you.
As soon as your list has narrowed down to three or four executive search firms, it really is time for you to understand their search process and feel relaxed with all the staff. They need to offer you a document that explains the search process. Request them to provide details about a comparable completed search.
Ask to talk to the senior consultant and her team. Comprehend the search process such as the search fees, expected out of pocket expenses along with other costs if any. Attempt to gauge their professionalism, character and personality. Is definitely the search consultant ethical, enthusiastic, professional and well experienced? Consider that if you were searching for a similar position, do you want to consult with these consultants? Many executive search firms have off-limit organizations. In case you have any owyaxy organizations in mind, make sure they are not on their off-limit list.
It is important to ask the correct inquiries to the candidate to calculate their future success. Ask the firm to tell you their candidate assessment techniques. Ideally they need to have a numerical rating method of ascertain degree of complement key requirements.
References are critical in the search process and really should be looked into through the search firm soon after the initial screen. Also essential will be the technical background be sure that confirms academic and work credentials.
Ask about the rate of success of the executive protection service. How long possess the hired candidates stayed at their new positions? You require a candidate that is not merely an excellent match the work description but one who also sticks around for long enough to deliver. Finally, ask to speak with several satisfied clients from the search firm.
It is actually worth the time and energy to carefully select the right search firm for your key hiring need. If done correctly, it can result in a long lasting, mutually beneficial, business relationship.