Executive search is really a recruitment service that is used to hire the candidates for the job of executives within a organizations. Executives are essential in every organization from low to high-level in many departments. Companies who require executives may either hire them directly or can use a third party firm to hire such executives for them. It’s not easy to hire the best candidate for executive position especially handful of not have many contact and ways.
There are firms out there because executive search organizations. These firms work as a third party for your company’s recruitment. There a variety of benefit of hiring such companies for that recruitment. They have good experience in finding and hiring executives, so they do the task that you in lesser available free time. As you are running a business, you may not get sufficient in order to conduct the interviews and choose human being from a crowd, so it is obviously beneficial to hire a third party firm to do your responsibilities. 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 your company.
We will now discuss working of this firms. There are three types of executive search solutions. Working of each model is somehow different. We will talk about each model briefly.
Retained Executive Search
In this search model, the company hires a firm to recruit officer or senior executives for these guys. The fee that the executive search firms charges often 30% for this annual salary of the recruited executive and this can paid in three payment.
Delimited or engaged search
This search model is comparable to retained search with certain differences. Much retained search, it requires the company to repay the executive search firm in advance, but but now condition how the fee is refundable in the event that if the firm is not able to locate a suitable executive for the post.
Contingent search
These firms are somehow different off the above two. These firms do not get the payment in advance, only once the executive has joined group. These firms usually get a 20% of this annual salary of the recruited system. They receive the payment always from recruiting company not from the hired company.
Executive search firm is the best option for every kinds of businesses. As an executive can be a part for the firm plus it may not invariably be possible for the company to find the best talent inside of the market, it is advisable to use a firm prevented do the responsibility for you.
Fortra Executive Search
537 Hamilton Ave #100, Palo Alto, CA 94301
(650) 823-1138