Executive search is a recruitment service that is used to hire the candidates for the job of executives in various organizations. Executives are required in every organization from low to high-level in many departments. Companies who need executives may either hire them directly or can use a third party firm to hire such executives for these kind of people. It’s not easy to hire the best candidate for executive position especially if you do not have many contact and ways.
There are firms out there called executive search organizations. These firms work as a third party for your company’s recruitment. There are lots of benefit of hiring such companies for that recruitment. They have good experience discovering and hiring executives, so they in a position the task a person in lesser experience. As you are running a business, you may not get sufficient time to conduct the interviews and choose human being from a crowd, so it is actually beneficial to hire a third party firm to do the task. The position of an executive in the clients are of great importance and you cannot take risk of hiring an unskilled and unsuitable person for the workplace. An executive search firm will guarantee you with the hiring of a perfect executive for enterprise.
We will now discuss working associated with firms. There are three types of executive search kinds. Working of each model is somehow different. We will discuss each model briefly.
Retained Executive Search
In this search model, the company hires a firm to recruit officer or senior executives for these guys. The fee that the executive search firms charges is usually 30% of the annual salary of the recruited executive and this is paid in three monthly payments.
Delimited or engaged search
This search model is actually retained search with certain differences. Significantly like retained search, it demands the company devote the executive search firm in advance, but the new condition how the fee is refundable any time if the firm unable to find a suitable executive for the post.
Contingent search
These firms are somehow different out of the above only two. These firms do not obtain the payment in advance, but only once the executive has joined group. These firms usually obtain a 20% on the annual salary of the recruited account manager. They receive the payment always from recruiting company not from the hired particular person.
Executive search firm is a great option for many kinds of businesses. As an executive is a part within the firm it also may not invariably be possible for the company to find the best talent in the market, it is best to use a firm that can do the procedure for you’ll.
Fortra Executive Search
537 Hamilton Ave #100, Palo Alto, CA 94301
(650) 823-1138