17 Feb How Do Executive Search Firms Find Candidates?
Finding world-class executive candidates has never been more challenging. After a long year of stiff competition for top-tier talent in 2022, executive recruitment experts are predicting even more competitive 2023.
As a potential recession looms, candidates are more likely to hunker down and resist major career moves. As a result, more and more companies are turning to executive talent searches. This specialized, bespoke placement process uses highly refined strategies and data-driven methodologies to identify, attract, engage, and onboard the top 10% of executives in their partners’ industries.
Investing in executive search takes the headache out of executive recruitment and lowers soft costs related to internal efforts to land candidates. It also helps organizations avoid costly missteps like onboarding poor performers, cultural mismatches, or “flash in the pan” candidates that contribute to little more than your churn rate.
But how do executive search firms buck these trends? What’s the secret to their ability to consistently tap into pools of talent packed with innovative and exciting executives? Read on to find out.
What Is An Executive Search Firm?
Executive search firms are highly-specialized agencies that focus 100% of their time, efforts, and resources on helping the organizations they partner with find, evaluate, and hire top-tier executives for their most critical leadership roles.
Top boutique executive search firms differentiate themselves from employment agencies by taking a more consultative, in-depth approach to their partners’ open positions. Instead of relying on conventional, one-size-fits-all tactics and strategies to fill executive vacancies, executive search firms approach each role as a unique challenge.
Executive search firms’ value lies in their extensive networks, data-driven strategies, and access to the executive talent market. These advantages empower executive search firms to efficiently identify candidates that represent ideal performance, experience, and cultural fits.
Executive search firms are also valuable partners because of their ability to prioritize discretion. Top executive search firms have tried-and-true strategies for working behind the scenes to approach and engage industry leaders who may not be actively seeking new opportunities but could be a good fit for your position.
How Do You Get Found By Executive Recruiters?
Executive search firms and the recruitment specialists they employ are all about networking. So if you’re an executive interested in testing the market or exploring a new opportunity, the best way to get discovered is to put yourself out there as often as possible.
Executives interested in connecting with executive recruiters should attend conferences, trade shows, networking events, and more to strengthen their own professional network. Ideally, you’ll connect with someone who can point you toward a reputable recruiter with experience in your industry, or, better yet, you’ll bump into an executive recruiter yourself.
Executives interested in partnering with an executive search firm should also leverage digital networking opportunities for the best odds of success. Professional social media platforms like LinkedIn can be invaluable resources for researching, discovering, and connecting with talented executive recruiters with a strong background of placing executives with similar experience and skill sets.
If your busy schedule makes networking difficult, you can reach out directly to executive search firms. Most executive search firms are happy to connect with more exciting and innovative executives, so you should have no problem getting in touch with someone eager to discuss your professional experience, goals, and track record.
Should I Hire An Executive Recruiter?
Deciding whether you should hire an executive recruiter is a crucial call worth consideration. While executive recruiters play a vital role in the success of many organizations, some circumstances don’t call for their refined tactics, cutting-edge tech, and hard-earned expertise.
If your executive or specialist vacancy doesn’t require industry-leading experience or a rich educational background, you may be able to find a suitable candidate on your own.
However, if your organization is prepared to onboard an exciting, innovative, revenue-driving executive with a strong track record of success, an executive search firm is the answer. Executive search firms possess a suite of tools, technologies, and tactics that empower them to consistently place world-class executives into roles representing one-in-a-million performance and cultural fits.
How Medallion Stands Out In Executive Search
Is your organization experiencing a costly vacancy? Is your board interested in adding a strategic and results-oriented asset to your executive team?
Medallion Partners has more than 15 years of experience leading the boutique executive search industry. Our world-class search specialists and unmatched search strategies empower us to generate exceptional placements across sectors and continents.
To learn more about how we help our partners turn painful vacancies into exciting opportunities, contact us today.