Benefits of Using An Executive Search Firm
Executive search is often a recruitment service which to hire the candidates for the task of executives within a organizations. Executives are crucial in every organization from low to high-level in many departments. Companies who need executives may either hire them directly or can employ a third party firm to hire such executives for them. It’s not easy to hire a good candidate for executive position especially handful of not have many contact and areas.
There are firms out there in order to executive search firms. These firms work as a look at for your company’s recruitment. There are extensive benefit of hiring such companies for the recruitment. They have good experience discovering and hiring executives, so they can do the task that you in lesser time. As you are running a business, you may not get sufficient in order to conduct the interviews and choose person from a crowd, so it is undoubtedly beneficial to hire a third party firm to do the process. 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 firm will promise with the hiring of a perfect executive for company.
We will now discuss working many firms. There are only three types of executive search models. 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 them. The fee that the executive search firms charges commonly 30% of your annual salary of the recruited executive and this is paid in three monthly payments.
Delimited or engaged search
This search model is similar to retained search with certain differences. Much like retained search, it necessitates the company devote the executive search firm in advance, but the new condition that the fee is refundable any time if the firm unable to look for a suitable executive for the post.
Contingent search
These firms are somehow different from the above 1. These firms do not get the payment in advance, but only once the executive has joined the company. These firms usually obtain a 20% in the annual salary of the recruited system. They receive the payment always from the hiring company not from the hired customer.
Executive search firm outstanding option for everybody kinds of companies. As an executive is an important part within the firm plus it may not invariably be easy for the company to find a better talent in the market, it is best to engage a firm can easily do task for that you.
Fortra Executive Search
537 Hamilton Ave #100, Palo Alto, CA 94301
(650) 823-1138
