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For most companies, finding executive level talent can be a difficult and time consuming process. Finding high level executives takes a lot of work and handling the hiring process can be more than many companies human resources department could handle. For those companies that are looking to hire an executive, but do not have the time or resources to handle the hiring process, using an executive search firm could be an excellent option.
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Executive search firms help companies find executive a number of different ways. The first way executive search firms help is by finding candidates. While executive search firms will place ads for executive positions on websites, they also get more invasive in trying to find the right candidates. These search firms will call industry leaders and attempt to get a list of executives at various firms. From there, the executive search firms will call each candidate to determine the candidate’s interest in both leaving their current employer and taking the new position.
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The executive search firms will also screen each candidate. They will review the candidate’s resume as well as have a couple phone interviews with the candidate. The search firm will then determine which candidates have the experience necessary to qualify for the position and the search firm will schedule onsite interviews for each of the candidates.Â
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After the candidate goes through the interviewing process, the executive search firm will act as the liaison between the candidate and the company. If needed, the search firm will organize additional interviews, or they will contact the candidate to tell them that they are no longer being considered for the position. If the executive search firm decides that they would like to hire one of the candidates, the search firm will continue to act as the liaison. The search firm will help negotiate compensation and benefits as well as determine when the start of employment begins.Â
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While executive search firms can provide an excellent service to an understaffed company, the service that is provided can be quite expensive. Executive search firms often charge a fee of 3 to 6 months worth of the executive’s negotiated salary. Â
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∙ 10y ago
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Finding the best executive search firms in Bangalore is now easier. Euphoriea is one of the upcoming talent-hiring and top technology-based (AI & ML) recruitment startups that help companies to find suitable candidates.
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