Executive search is really a recruitment service that is used to hire the candidates for the task of executives within a organizations. Executives have to be added 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 good candidate for executive position especially if you do not have many contact and ways.
There are firms out there in order to executive search services. These firms work as a third party for your company’s recruitment. There are extensive benefit of hiring such companies for the recruitment. They have good experience to locate and hiring executives, so they is able to do the task you in lesser available free time. As you are running a business, you may not get sufficient to be able to conduct the interviews and choose person from a crowd, so it is to beneficial to work with 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 job. An executive search firm will guarantee you with the hiring of a perfect executive for your company.
We will now discuss working of this firms. There are only three types of executive search packages. Working of each model is somehow different. We will discuss each model briefly.
Retained Executive Search
In this search model, the company hires a business to recruit officer or senior executives for these guys. The fee that the executive search firms charges is normally 30% of the annual salary of the recruited executive and wishes paid in three payment.
Delimited or engaged search
This search model is comparable to retained search with certain differences. Significantly like retained search, it necessitates the company to pay the executive search firm in advance, but the new condition how the fee is refundable just in example if the firm won’t be able to look for a suitable executive for the post.
Contingent search
These firms are somehow different by means of above only two. These firms do not get the payment in advance, only once the executive has joined the. These firms usually obtain a 20% of this annual salary of the recruited executive. They receive the payment always from the hiring company not from the hired company.
Executive search firm is a good option for all kinds of businesses. As an executive is a part within the firm make use of may not invariably be entirely possible that the company to find a better talent in the market, it is best to employ a firm prevented do the project for your family.
Fortra Executive Search
537 Hamilton Ave #100, Palo Alto, CA 94301
(650) 823-1138