How To Recruit For Executive Positions?

how to recruit executives

The stakes are high: a failed executive placement can cost millions and disrupt your entire organization. With a shrinking talent pool and evolving market demands, companies must approach executive recruitment with precision and strategy, or risk losing out on the leaders who can drive their next phase of growth. Here’s what it takes to recruit the right executive.

Evolving Challenges in Executive Recruiting 

Executive recruiting, especially in 2024, goes well beyond posting a job listing and screening resumes. Traditional hiring is a simple task of aligning skills with needs, as long as you have a large enough pool of options. However, executive recruiting requires far more human understanding and diligence, because executives make decisions that reverberate across every layer of the company, from culture to P&L.

Hiring executives involves finding a leader who sets strategic direction, influences long-term business outcomes, and drives performance. One wrong decision in the C-suite can lead to operational stagnation, internal disruption, and missed market opportunities. The stakes are amplified by a limited candidate pool, longer decision timelines, and the potential high costs of a mis-hire, which can ripple through the organizational layers for years.

In 2024, the challenges for executive recruiting are evolving. The candidate pool is even more restricted due to shifting market dynamics—post-pandemic, many top leaders are rethinking their career trajectories, favoring companies with clear value propositions, flexibility, and meaningful impact. Mis-hires in leadership have become more visible and more costly. According to a Korn Ferry study, nearly 40% of new executives fail within the first 18 months, a staggering statistic that highlights just how critical this process is.

How to Recruit Executives

Recruiting executives requires a strategic process that is precise and motivated by a deep understanding of leadership dynamics. Timing and discretion are critical—executives expect to be approached at the right point in their career, and any misstep in confidentiality can undermine their current position and tarnish your company’s reputation. It’s not just about the offer; it’s about ensuring they feel respected throughout the process. 

Cultural fit goes far beyond superficial alignment with company values. We must decode the organizational DNA—how decisions are made, how the leadership team operates under pressure, and how the executive will influence team dynamics–and be able to communicate it.  This isn’t something you can uncover through canned interview questions or basic personality tests. It requires a level of access and insight that only comes from deep engagement with senior leadership, often facilitated by executive search firms with a clear line of sight into the internal workings of the organization. 

Leveraging an organization’s  internal networks for executive hiring can be a double-edged sword. Yes, these networks can provide valuable connections, but they’re often limited by biases and an echo chamber effect, leading to an insular candidate pool. External recruiters, on the other hand, bring an unbiased lens and the ability to tap into passive candidates—the kind who are already successful but open to the right opportunity. The real art lies in balancing what your company needs with what these top-tier executives are motivated by and interested in, especially when they aren’t actively looking.

Data shows that executive searches typically take 4 to 6 months, but that’s assuming no delays or missteps. Drag your feet, and the top talent gets poached by more confident, decisive competitors. And make no mistake: a bad hire at this level doesn’t just cost you the executive’s salary—it’s 5-10x that, when you factor in lost momentum, missed opportunities, and internal fallout from leadership disruption. Recruit well– meaning get it right the first time, every time – or save your organization and sit it out.

Executive Recruitment Strategy for Less Desirable Locations

For companies based in mid-tier cities or rural areas, recruiting top executives can seem like a major hurdle. We turn this challenge into an opportunity by becoming champions for both your city and your company’s mission. 

We don’t just recruit talent—we show candidates how your company and location offer exactly what they didn’t know they needed: the chance to make a meaningful impact while enjoying a better quality of life.

Instead of treating location as a barrier, we highlight the unique advantages that come with life outside of major urban centers, reframing it as a key selling point.

It’s reductive to assume executives only crave the obvious intensity of cosmopolitan urban hubs. Many top leaders want balance, a lower cost of living, and a high quality of life. 

We emphasize what makes your location attractive—affordable housing, minimal commutes, a close-knit community, opportunity to lead beyond the office and make a deep impact. 

Our approach reframes your location from a disadvantage into a lifestyle perk that can offer a richer, more fulfilling personal and professional life. It’s not just about selling a job—it’s about selling a way of life, and we excel at crafting that narrative.

How Do You Attract an Executive? The Art of the Pitch

Securing top executive talent requires more than just an attractive offer—it takes a strategic, nuanced approach that few fully grasp. We work behind the scenes, giving you the advantage of a carefully honed process that takes years to perfect. It’s not about throwing out titles and compensation packages; it’s about creating a conversation that speaks to what truly drives a leader’s decision-making.

You, as the employer, already have the raw materials—the vision, the opportunity, the potential for impact. Our role is to refine that and position your company in a way that resonates deeply with the executive you want to hire. We’ve spent countless hours understanding what top-tier leaders really seek, even when they can’t put it into words themselves. The closer they get to making a career move, the more their decision-making becomes multifaceted. This is where we bring in our expertise, guiding the conversation with precision and timing, so that every element aligns with their deeper motivations.

But here’s the difference—while most organizations may present the same opportunity, we ensure yours stands out. We help you communicate the value of the role in a way that taps into those intangible drivers—whether it’s the impact they can make, the legacy they’ll leave, or the growth they’re after. With our subtle, intuitive guidance, you’ll see them begin to visualize not just joining your company but becoming a critical part of its future.

Our expertise gives you the edge, but it’s your organization that makes the final impression. And when you secure that talent—the leader you didn’t think was even within reach—it’s because together, we presented the perfect pitch. You get the win of attracting a game-changing executive, while we work quietly in the background, making sure everything falls into place.

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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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