Running a large company or corporation can obviously be a difficult task. From working to build a revenue stream that satisfies investors and shareholders, to finding leaders that can guide your business towards future success, there is little about the process that could be considered easy.
Fortunately, there are plenty of resources out there that can help with at least a part of the equation. One such resource is an executive recruitment firm. To give you a better idea of these firms and how they operate, here is a look at a few things that you should know about working with one.
They Do Not Take Fees from Job Seekers
One of the main misconceptions about executive recruitment firms is that they are in the business of working with job-seeking executives in an effort to land them a job. Some people even believe that these firms request fees from job seekers in order to make them the top candidates for certain positions.
Contrary to popular belief, however, this simply does not happen. While firms are undoubtedly committed to building strong networks that include many top-notch leaders and executives, the notion that they are paid by executives to move them to the top of searches is untrue. No firm with integrity would even think to do something of this nature.
There Are Two Kinds of Firms
Generally speaking, there are two types of recruitment firms. The first is contingency recruiters. These firms usually work with low or mid-level companies and are used for salaried positions that are in the $50,000-$100,000 range. As the name implies, they are paid only on the contingency that they find a satisfactory candidate to fill the company’s open position.
The second type of recruitment firm is retained recruiters. This type of firm handles high-level executive opportunities where salaries are in the $100,000-$500,000 range, and sometimes even higher. These firms work on an initial retainer fee and are paid the remainder when a suitable candidate is chosen.
The main perk of working with retained recruitment firms is that they take care of most of the process associated with finding potential candidates. They will generally have access to an international network of executives and will use advanced tactics to create a short list of individuals that fit the needs of the company or organisation. From there, they work with their client to arrange interviews of the approved candidates.
They Provide Access to a Huge Network of Potential Executives
There is little doubt that there are plenty of advantages of working with an executive recruitment firm. From their ability to save you time by handling the recruitment process, to the opportunity to receive an unbiased opinion about the best potential candidates, they certainly earn their worth.
In addition to these perks however, they also offer the benefit of providing you with access to a huge network of potential executives. In many cases, access to this network can be the difference between finding a solid executive and finding an outstanding executive that can take your company or organisation to the next level.