Blog

How Does an Executive Search Firm Work?

admin 

Executive search is a recruitment service that is used to hire the candidates for the position 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 hire a third party firm to hire such executives for them. It’s not easy to hire a suitable candidate for executive position especially if you do not have many contact and ways.

There are firms out there known as executive search firms. These firms work as a third party for your company’s recruitment. There are many benefit of hiring such companies for the recruitment. They have good experience in finding and hiring executives, so they can do the task for you in lesser time. As you are running a business, you may not get sufficient time to conduct the interviews and choose the person from a crowd, so it is always beneficial to hire a third party firm to do the task. The position of an executive in the company is of great importance and you cannot take risk of hiring an unskilled and unsuitable person for the job. An executive search consultant  firm will assure you with the hiring of a perfect executive for your company.

We will now discuss working of these firms. There are basically three types of executive search models. Working of each model is somehow different. We will discuss each model in brief.

Retained Executive Search-
In this search model, the company hires a firm to recruit officer or senior executives for them. 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 installments.

Delimited or engaged search-
This search model is similar to retained search with certain differences. Similar to retained search, it requires the company to pay the executive search firm in advance, but with the condition that the fee is refundable in case if the firm is not able to find a suitable executive for the post.

Contingent search-
These firms are somehow different from the above two. These firms do not get the payment in advance, but only once the executive has joined the company. These firms usually get a 20% of the annual salary of the recruited executive. They receive the payment always from the hiring company not from the hired person.

Executive search firm is a great option for all kinds of businesses. As an executive is an important part of the firm and it may not always be possible for the company to find the best talent in the market, it is advisable to hire a firm that can do the task for you.

 

Recommended Posts

What is Eco Fashion?

Today I sat contemplating the meaning of the term ‘eco fashion’. I thought to myself, “If anyone should really understand the meaning of the above it should be me, as I have dedicated the best part of three years toward the creation of an eco fashion brand.” The problem is there is no point in […]

admin 
Blog

Professional Carpet Cleaning VS DIY

Common misconception about professional carpet cleaning service is it is costly, inconvenient, and one can clean a carpet oneself using self purchased steam cleaning machines or use stain removal products available in DIY shop. To correct the misconception, we need to understand the difference between the two cleaning processes to draw a fairer conclusion. DIY […]

admin 
Blog

Wybór odpowiedniego rodzaju dyfuzora olejków eterycznych

Przy całej dzisiejszej wściekłości na spa, masaże i relaksację, nic dziwnego, że olejki do masażu, kadzidełka i olejki eteryczne są również bardzo gorące na rynku. Wiele osób zadaje sobie nawet takie trudy, jak zaprojektowanie niektórych części swojego domu tak, aby wyglądały jak spa lub przynajmniej miały atmosferę spa. Oprócz używania nastrojowych świateł i relaksującej muzyki, […]

admin 

Leave A Comment