Understanding Executive Search and Why Is It Beneficial to Hire Executive Search Firms in India

1. Understanding Understanding Executive Search and Why Is It Executive Search and Why Is It Beneficial to Hire Executive Search Firms in India Beneficial to Hire Executive Search Firms in India Executive search is a specialized type of recruitment process which is aimed towards attracting highly skilled senior management talent to an organization. It is typically used for filling the strategically important roles such as CEO, CFO, COO, HRD, CIO, etc. Executive search differs from the hiring of more junior talent. When it comes to recruiting for more junior roles, an organization will usually work with a recruitment agency on a contingency basis to find suitable candidates. While the contingency recruitment works for filling various job roles in an organization, your executive leadership team needs to be made up of the best talent - and these best people are rarely ‘looking for a job.’ This is why executive search consultants exist! The executive search firms in India will lookout for the perfect match who’s suitable for both the role and the company - whether or not the candidate is actively looking for a new job. An organization usually develops a long-term partnership with the executive search firm, who acts as an extension of their business for identifying & engaging suitable candidates on their behalf. How does executive search work? How does executive search work? The executive search typically involves working with a third party; it is an executive search firm that can effectively identify and engage the best senior executive talent in the job market to match your business requirements.

2. Executive search is basically relationship-driven, where an executive search firm works closely with the company to understand their requirements and advise them on the most effective strategies to ensure they deliver the most suitable talent. It is a research-led approach, which implies that a search firm will be paid a retainer fee upfront for carrying out extensive market mapping to analyze the marketplace & benchmark for skills/roles and salaries. An executive search firm tends to have extensive knowledge of and access to board directors and senior executives across industries & functions. This allows them to build a large pool of top executive talent. What are the benefits of hiring an executive search What are the benefits of hiring an executive search firm? firm? As we all know that senior-level executives have a significant impact on any organization, so making the right executive appointment is very critical. This is where the top executive search firms can help you appoint the right people who can drive your business forward and impact your top & bottom line. They do this by: Mapping the market Mapping the market – – An executive search consultant provides you with access to a top network of otherwise inaccessible industry-leading candidates by mapping the market and, thus, benchmarking for particular skills/roles & salaries. This mapping can include new geographies for a client or for informing a decision such as where to locate or relocate the operations. Delivering solutions, not CV’s Delivering solutions, not CV’s – – Executive search firms will match talent with the distinct needs of your organization, considering the goals that you are trying to accomplish as a business. They will seek out people with the right mix of knowledge, skills, and abilities so that they can help you to achieve those goals. Offering an objective approach Offering an objective approach – – It can be quite easy for a business to fall into the trap of recruiting candidates who fit the same profile as their predecessors, but executive search firm works differently; they encourage you to think outside the box in order to find the talent who can help your business to grow and evolve. Approaching suitable candidates on your beha Approaching suitable candidates on your behalf lf – –

3. Executive search firms have the capability to make a professional and qualified approach on behalf of your company to find out the potential candidates. They act as your extension in front of the candidates for the duration of the search & through the first year post- placement. Final Words Final Words An executive search consultant acts as an extension of your business to help you secure highly skilled senior management talent who can lead your company towards growth and success. However, your executive search consultant needs to be a trusted partner, where ideal partnership means trusting the search consultant enough to find the best fit for your organization. This, however, relies on having full confidence that your executive search partner understands your business needs and will represent you to find the potential candidates in the best possible way.