How do you create a hiring strategy?

Most companies think of hiring as a reactive process—positions open, so they recruit to fill them. It’s a familiar approach, but it’s also deeply flawed. Hiring, especially at the executive level, isn’t just about solving today’s talent shortages. It’s about aligning each new hire with your company’s long-term strategic goals. Yet, many leaders treat recruiting as an isolated event, focused on immediate needs rather than as a forward-looking investment. It’s time to rethink that approach. A well-crafted hiring strategy should be just as strategic as your business plan—an integral part of shaping the future, not just plugging gaps.

Start with a Clear Recruitment Strategy

When leaders think about recruitment strategy, they often default to the basics—sourcing candidates, interviewing, and selecting the best match. But that’s a shallow view. Effective recruiting isn’t just about filling roles; it’s about identifying the right talent that will help your business achieve its long-term goals. The familiar mindset assumes that recruiting is about who can do the job now. But the real challenge is finding someone who can scale with the company, who can take it to new heights.

Think about it this way: are you hiring for where your company is today, or for where you want it to be in five years? The most successful recruitment strategies are built with long-term alignment in mind, identifying candidates who not only fit the current needs but who will also grow with your organization. This requires a deep understanding of your company’s evolving goals, the leadership qualities you’ll need down the line, and the kind of cultural fit that fosters sustained performance. Your recruitment strategy shouldn’t just ask, “Who can fill this role?” but, “Who can lead us into the future?”

Building a Strategic Hiring Plan

Most leaders have some version of a hiring plan—target dates for filling roles, budgets for recruitment, and a list of qualifications. But if that’s all your plan includes, you’re thinking too small. A strategic hiring plan isn’t just focused on filling immediate needs; instead, the focus is on aligning talent acquisition with business growth and future challenges. Too many organizations think of hiring as a short-term fix, but hiring is a long game.

Your hiring plan should look 6-12 months ahead, considering not just current openings but future leadership gaps and the evolving landscape of your business. Are you anticipating a major growth phase? Are there key areas of the business that will need leadership reinforcements as you expand? What roles will be critical to scale or lead new initiatives? These are the questions that should drive your hiring strategy. A strong plan prioritizes roles that will have the greatest strategic impact, not just those that are vacant.

Think about it: Are you hiring reactively based on what’s open today, or proactively based on where your business needs to go? Strategic hiring means identifying critical leadership positions before they become a bottleneck, ensuring your organization is always ahead of the curve, not scrambling to catch up.

Recruitment Strategy Example: Global Tech Firm

Many companies believe casting a wide net will lead to recruitment success—posting jobs everywhere and sorting through countless resumes. In reality, this approach wastes time and delivers unclear results. Top companies know it’s not about volume but precision.

For example, a global tech needed to fill multiple high-level roles during rapid growth. Instead of waiting for applications, they took a focused, proactive approach. They identified top industry leaders, even those not actively seeking new roles, using their networks and relationships to target the best candidates for their specific needs.

Actionable Lesson 1: Targeted Identification

Don’t wait for candidates to find you—proactively identify top talent. Use LinkedIn, industry events, and publications to pinpoint leaders already excelling in similar roles. Leverage your network for referrals and remember that the best candidates may not be actively job searching. Build relationships early to stay ahead.

Actionable Lesson 2: Build Relationships Before You Need Them

The best recruiting starts long before a position opens. Stay in touch with potential leaders, learn their goals, and maintain regular contact. Attend events, engage online, and nurture relationships so when the time is right, you’ve already built trust and can move quickly.

Actionable Lesson 3: Focus on Strategic Fit Over Volume

Rather than casting a wide net, prioritize a few high-caliber candidates who align with your company’s goals and culture. Too many options slow decision-making. Focus on quality—leaders who fit both current and future needs—and streamline the hiring process with precision.

The Takeaway

A successful recruitment strategy isn’t about posting jobs everywhere and waiting. It’s about taking a proactive, targeted approach—building relationships, identifying key players early, and focusing on strategic fit. This precision not only saves time but ensures that you’re bringing in leaders who can drive long-term value for your business. The firms that do this well understand that recruitment isn’t just about filling roles—it’s about shaping the future of their organization.

What Should a Hiring Plan Include?

Most hiring plans cover the basics: job descriptions, qualifications, timelines. But what they often lack is foresight. What should a hiring plan include? First and foremost, it needs to align with your long-term business goals. Don’t just focus on filling current vacancies—your hiring plan should also account for leadership succession, evolving market demands, and your company’s strategic direction.

A strong hiring plan includes:

  • Role Requirements: But not just for today—consider how the role will evolve in the next few years.
  • Timelines for Each Stage: Including sourcing, interviewing, and onboarding, but also longer-term integration into your leadership structure.
  • Budget and Resources: Not just the cost of hiring but the cost of onboarding and development.
  • Success Metrics: How will you measure the impact of this hire in six months? In a year?

A well-rounded hiring plan doesn’t just answer, “Who do we need now?” It answers, “Who will we need as our business grows, and how will we ensure they’re the right fit in the long term?”

Hiring at the Executive Level in a Company

At the executive level in a company, hiring takes on even greater significance. It’s not just about filling a leadership role—it’s about shaping the future of your organization. Executive hiring is where the stakes are highest because the right leader can drive transformation, while the wrong one can set back progress by years. But here’s the catch: the best executives aren’t usually looking for jobs. They’re already succeeding where they are, and getting them to move requires a strategic, relationship-driven approach.

The mistake many companies make is treating executive searches like any other role—post it, interview candidates, make a decision. But executive-level hires require far more nuance. You’re not just hiring for qualifications; you’re hiring for leadership vision, strategic alignment, and the ability to navigate change. You need to find leaders who can drive growth, innovate, and bring your business to the next level. And that requires deep industry connections, proactive outreach, and often, a highly personalized search process.

Rethinking Hiring Strategy for Lasting Success

Hiring isn’t just about finding someone to fill a role—it’s about aligning your talent acquisition with your business’s long-term strategy. The companies that succeed in building strong leadership teams are those that approach hiring with foresight and precision. They’re proactive, not reactive. They build relationships with top talent before the need arises, and they focus on the strategic impact of each hire, not just filling an open seat.

Rethink how you hire. Is your process positioning you for long-term success, or just solving today’s problem? The answer to that question will determine the future trajectory of your business.

About Michael Morgan

Michael Morgan is the Vice President & Managing Director at Medallion Partners. He's responsible for company wide day-to-day delivery of business results, team leadership, cultivating trusted partnerships with clients, and client-specific strategic analysis. Michael ultimately works to bring change to people's careers, propel companies, and impact industries.

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