However, there are executive recruitment firms, which can be a great source for finding top-notch executives that are highly qualified. Although, using a firm like that to find high quality executives can be expensive, but the quality of the individual that you will get will far outweigh any price you may have to pay the firm. Most executive firms that are out there will usually specialize in a few specific areas of industry or professions. Therefore, companies such as this will know exactly what you are looking for in management personnel.
Executive recruitment firms will do many things that a human resource manager will be uncomfortable with doing. For instance, an executive recruitment firm is able to go to potential candidates working for the competition and offer them a new career opportunity working for your company or simply just see if they are interested. Since executive recruitment firms are constantly searching for new candidates they have quite a list to select from of potential executive management personnel. Therefore, they can find someone who will suit your needs at a moment’s notice.
They have an extensive working knowledge on these potential candidates and will have an accurate understanding on who has the best skills suited for the job you are looking for them to do. If a company seeking management personnel has a set salary scale of pay the recruitment firm will know who will be interested in the position based on the money being offered and their skills to match it.
Another key benefit of using an executive recruitment firm is the confidentiality it brings. A company would not like to be seen directly approaching an executive in a competitor for a number of reasons. First is the attention it draws can be unwelcome. Second is to avoid the ’embarrassment’ if a deal falls through. The recruitment firm acts as a middle man and a negotiation buffer; the fact that nothing is said directly between the company and a headhunted executive at the start of negotiations reduces the probability of friction or tension in the future. This is particularly important when are trying to fill a sensitive executive position within a company.
Hiring a recruitment firm to fill all positions in your company beginning at entry level all the way to the top can prove to be expensive and probably unnecessary. However, when it comes to executive positions, a recruitment firm brings a rich set of skills and experience that can only serve to deliver better candidates for the job.