Maintaining a good executive search firm to find executive candidates for your enterprise is necessary for your long term success. Hire one poor performing executive and it sets you back months if not years, and is bad for the morale of your team. Hire a star performer and it can do wonders for your business. This is a guide that will help you get the professional security services for your hiring needs.
Prior to starting to check, it is a great idea to do some homework. First create a summary of key performance indicators (KPI) with clear deadlines. It is a list of things the candidate is predicted to complete on the job. For instance if you wish the new hire to open up up European marketplace for your product or service, you will write, “Open Eastern Europe for widget x, making it available to a minimum of 45% of the population — one year.” The KPI list should span at least two to three years. Next develop a description from the position. This would explain the content from the job, company vision, culture, historical performance, candidate experience, desired attributes and work style. Add any other factors that might help to effectively market the job. Professional search firm will even help you refine the task description but this will probably be a good place to start. Combination of the KPI list and also the job description is probably a better approach to explain the job than merely a bullet point list of duties. KPI list also helps the candidates visualize the task more accurately and hook it up making use of their past experience as well as their future aspirations.
You might be now ready to search for executive search firms. Starting point would be to compare price quotes from multiple Executive Search firms in a Business Network. Also search the yellow pages and Google to create a list of about ten firms. Remember to ask your company associates for recommendations too. It is essential to look for firms with knowledge of your industry, job position or geographic region. Share the KPI list and also the job description with just a few firms, and see their response. Expect a number of them to withdraw if they do not possess the candidates or perhaps the expertise to help you.
As soon as your list has narrowed down to three or four executive search firms, it is time for you to understand their search process and feel at ease using the staff. They ought to provide you with a document that explains the search process. Request them to offer information about a comparable completed search.
Ask to talk to the senior consultant and her team. Be aware of the search process including the search fees, expected from pocket expenses along with other costs if any. Attempt to gauge their professionalism, character and personality. Will be the search consultant ethical, enthusiastic, professional and well experienced? Think about that had you been searching for a similar position, do you want to speak with these consultants? Many executive search firms have off-limit organizations. In case you have any owyaxy organizations under consideration, make sure they are not on their own off-limit list.
You should ask the correct questions to the candidate to predict their future success. Ask the firm to tell you their candidate assessment techniques. Ideally they need to possess a numerical rating method of ascertain degree of match with key requirements.
References are critical within the search process and should be looked into through the search firm soon after the initial screen. Equally important is definitely the technical background check that confirms academic and work credentials.
Inquire about the effectiveness in the executive protection services. How much time have the hired candidates stayed at their new positions? You require a candidate that is not only a great fit with the job description only one who also sticks around for long enough to deliver. Finally, ask to talk to a few satisfied clients of the search firm.
It is actually really worth the effort and time to carefully select the right search firm to your key hiring need. If done right, it is going to lead to a longer lasting, mutually beneficial, business relationship.