Executive Search for Education – What You Need to Know

Sep 14, 2020 by

The concept of executive search has come up a lot over the past couple of years and there is a good reason behind it. This term or sector refers to a specialized type of staffing intended at attracting highly skilled and senior management talent into any organization.

So, the idea behind it is to fill any open roles that are typically kept for strategically important roles. Roles that are included in this include the likes of CEOs, COO, CIO, CFO, and HRD. If you have heard the term “headhunting”, you will understand this concept. If not, this online source will help you out.

Recruitment Is Not Executive Search

Some people often mistake this for the recruitment businesses, however, in recruitment, the idea is to place mostly junior talent in any available roles within companies. A recruitment consultant is responsible for this task and the said company will approach them for assistance.

This will be done on the likelihood that the consultant will find a suitable candidate, in which case their process is a very thorough one, where they will first seek out potential candidates based on their qualifications and experience, then interview them face to face, and then do a screening. After which they send several potential ones that tick all the boxes, and the company decides which one fits the role the best, and then hires them and the recruitment agent will either get their commission or a set fee, often agreed upon. Check this link for more information. https://medium.com/@webmaven13/differences-between-executive-search-and-recruitment-a1caa01a721c.

The majority of the time, when senior or leadership roles exist in large companies, it is fundamental to make sure that the person who fills that role, has the right qualifications, experience, and knowledge of the industry. Because these are really important roles and will affect any staff member that works under them. Specialists such as the executive search agencies step in to save the day! In any case, a lot of those who are in these types of senior roles often do not search for jobs, the jobs come to them.

How Executive Search Works

As mentioned earlier the senior roles are important and must be filled with the right people. Roles like these are handled by the search. The process involves them seeking out the right candidates, often having to set aside hundreds of potential ones and narrowing it down to half, then quarter and then sending the best 5 or 10 potential people.

The responsibility of the agents in search is to look for the right role and then also match it with the right skills. Typically, organizations have already developed long-term partnerships with many companies and businesses alike, that enable them to be the first go-to when organizations are looking to fill open positions. However, this does not mean that newcomers aren’t welcome, they can join in and seek help as well.

When engaging with probable candidates for the job, the agents will ask them specific questions, perhaps have them take a test or quiz to see where they rank on the knowledge of the job and do the appropriate background checks to make sure every box is ticked. They do all of this on behalf of the company in question, who pays them for their services.

Sometimes they are also on retainers for the companies who have high rates of employee churning. In the end, executive search is a relationship-driven concept and research-led approach, which means that when paid as a retainer, the agents map out the marketplace and what the benchmark is for several roles, including the skills needed, the salaries offered and the location details. Everything big and small that is of significance. Sometimes they need to do a background check on the company itself as well.

As complicated as this sounds, it is not. The majority of search firms already have good relationships with many organizations board of directors and senior management across different functions, who are sought-after by them, and this list increases every time they place someone in a job. This helps the firm to be able to select a few people from that “pool” to approach and speak to without any hassles.

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.