“Poor hires at the top level are not only costly to replace, but they are also disruptive to business operations and can slowly erode faith in the management team,” says Nicholas Dumoulin.
The search for senior leadership or C-suite position is more challenging. To determine the right candidate for the position, evaluating the technical competencies alone will not suffice. It is crucial to look for qualitative factors like culture and soft skills.
Many times, the decisions are quickly made that the potential candidates who have worked in a similar industry or has similar experience get hired instantly. It may turn costly when the hiring turns out to be a failure.
Then what is the solution?
Read on to know how to hire your next C-suite level candidate.
There are two schools of thought in this regard. The first one is to upskill the existing talent and cultivate leadership. The second one is to hire someone from outside who fits the position. A trusted executive search firm or the company’s board of directors could be the right source for getting new talent.
The studies indicate that 82% miss the mark on high managerial talent. It is necessary to reduce this high failure rate. It could be done by designing the right recruitment strategy.
Getting in touch with an executive search firm enables you to understand the market and define the perfect candidate. Let us understand their role in expediting the hiring position.
Role of an executive search firm in recruiting your next C-suite candidate
Getting the candidate at a faster rate
The human resource department must surf through a flood of applications for the post amidst other business objectives. However, the executive recruiters can quickly find the right candidate, narrow down the applicants’ number to a minimum and save your time.
Also, they conduct every step of the recruitment process like sending feelers, sifting resumes, scheduling interviews, and evaluating candidates.
Reaching the passive candidates
The top executive recruiters can easily reach out to the passive candidates and gauge their interests. It is a fact that some of the best candidates who can suit well for your industry are engaged in their own established jobs. It does not imply that they may not opt for a switch if provided an opportunity, that fits them or is of their interest.
Bringing global talent
The top executive search firms have a network that stretches to all kinds of industries situated across the globe. They can bring the global talent and help you succeed in bringing the highly qualified candidate. They can bring leadership diversity and help you discover more potential in the company.
Acting as a middleman
Hiring a C-suite level talent is important for the company and is confidential too. The executive recruiters act as a middleman and avoid making enemies, damaging relationships, or save you from being accused of poaching talent from a competitor.
With their help, the company can get the right talent who can pave the way for success in your company.
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