When to Use an Executive Search Firm

March 1st, 2016

When to use an executive search firmWith every hire, companies have the choice to “stay in house” or outsource to a recruiting company. But how do you know where to draw that line? When should you call on a recruiting agency? This article explores seven scenarios when investing in a search firm is a good idea. And while our companies offer many outsourced recruitment models, this blog examines traditional executive search, also commonly referred to as headhunting.

  1. The Most Obvious. Most often, employers call on an executive search firm for really important roles, especially c-suite or executive leadership roles like CEO, CFO, CTO, CHRO, etc. Not only are leadership positions crucial to the success of the business, but it’s helpful to have a 3rd party perspective to avoid blind hiring (sometimes internal team members see only what they want to see).
  2. Underwater Basket Weavers. In addition to executive-level positions, some companies offer such a unique product or service that they require rare skill sets that are essential for driving core, strategic areas of the business. Pop culture may refer to these candidates as unicorns, we call them Underwater Basket Weavers because, well, how many of those are there out there?! Executive recruiters are used to developing a strategy for finding these ‘needle in a haystack’ candidates.
  3. The Search for the Best. Recruiting is one of those things that anybody can do. Just about anyone can find a person to do a job. But if you’re looking for the ideal candidate who will check all the boxes, you need to work with someone who really knows what they are doing. And executive recruiters generally are the best of the best at what they do and will help you find the best candidate, instead of just any candidate.
  4. You’ve tried, but have not had success. Either you have an active search that has been open too long or you’ve used up your knowledge and recruiting tricks and aren’t sure what to do next. Working with a recruiter opens up your pool of candidates beyond your network.
  5. Brand new roles. Generally, companies are used to filling their core positions — why go to an outside firm when you are in a rhythm? But then they create a brand new position in the company and they don’t know where to begin. This is a good time to ask for help from an expert.
  6. Confidential Search. If you have an employee that is under-performing, you may want to start recruiting before you let them go. Or you may need to recruit talent from organizations that your company does business with. In these cases, a search firm can provide the secrecy you need.
  7. Time & Resources. If your ‘day job’ is not recruiting, you may not have the time or focus to dedicate to an important search. Or your day job may be recruiting but you have too many open and not enough time. When you lack the time and resources, search firms are a great resource for giving an executive search the time and resources necessary.

Working with a search firm is not always a necessity. These seven scenarios are common cases for when it makes sense to hire help. After all, recruiting A players can be complex and requires strategy and a lot of hard work.

Need help with a search?

Search-Request-Submit-Button

 

 

 

One Response to “When to Use an Executive Search Firm”

  1. Jay Jorgenson Says:

    I really like what was said about how critical it is to recruit executives. Executives are what make the business run! I can see how it would be important to invest in a non profit executive search firm. There are a lot of good reasons in this article to use one, and one of my favorite articles is how you can give employees brand new roles!

Leave a Reply

Outside-In® Book List

Review-Us-Blog-02
© Year CBI Group. All Rights Reserved. Site Credits.