Benefits of Hiring the services of an Executive Search Firms

Nowadays, identifying the right candidate for the C-suite is an extremely complicated process for all industries. The company incurs a great loss, even if a single top-end executive hire goes wrong. Hence, the candidates thus select must authoritatively possess all the qualities required for constant success such as critical thinking abilities, high emotional quotient, strategic planning capability, and another business acumen. Companies and healthcare units are highly dependent on the executive search firms to hire the best candidates without investing additional time, money, and other resources. A few significant benefits of executive search firms are mentioned below. 

1.     Impartial screening and comprehensive recruitment process:

Biasing may become a serious concern when internal candidates are in the interview. Several top executive search firms act as a third party to ensure the selection of candidates is based on their merits and talent acquisition. These firms also eliminate unconscious biases based on age, race, gender, and ethnicity with the use of advanced technology and marketing resources. Moreover, the executive search firms interview the key stakeholders before the recruitment process to understand the organization’s culture and the exact requirement. The data is compiled into a desired personality traits and skills in the candidate’s profile. This sets up a comprehensive engagement process to customize interview questions and screen skilled and qualified candidates only. 

2.     Extensive candidate database and commitment to inclusion and diversity

Executive Search firms in India and across the globe devote enormous time in networking and marketing to formulate a sizable database of proficient candidates. The firms can also cast a wide net to reach the high-level candidates so that they are notified about the vacant job position. Executive search firms are of great help for organizations in offering specialized services that focus on inclusion and diversity. They ensure that the candidates are picked from a talent pool of diverse perspectives. 

3.     Confidentiality and discretion:

In most cases, the best candidate is already an employee of a competitor or a partner. Sometimes, the company may have to replace an executive for not meeting the performance standards. In both scenarios, the executive search firms ensure confidential hiring with superior discretion. This is a win-win situation where the business relationships are intact while the right candidate is hired.

In addition to these benefits, the organizations have several other advantages of outsourcing the hiring process to executive search firms. The stakeholders can rest assured of getting a candidate with perfect fit and skill set as the executive recruitment firms conduct diverse and rigorous screening and vetting process.

Get the wisdom from Cornerstone’s Leadership Consulting Services

Consultation and coaching, these are two of the most important sector for a business. With the right kind of consultation and education, a business can flourish and can reach different levels of heights in few days. Cornerstone believes in every client that comes to us the right people with leadership quality and aspiration. Being at the top has never been an easy job however we believe in reaching that position with our top-class Leadership Consulting Services. 

Meanwhile, right kind of education and coaching can turn any leader into a better executive.

 

Why Cornerstone for leadership consultation?

 

·         We work directly with high-level authorities including the CEOs, boards, and top brass of leading organizations meaning we have the capacity to enhance their strengths. 

·         Our advice nurtures effective and resonant leadership to people who are posted on high-level positions.

·         We are specialized in solving leadership issues ranging from strategic to personal level. 

·         We provide our solid experience and expertise to help organizational leadership achieve its full potential. 

·         We have also developed the leadership capability coaching style needed to deliver better performance.

 

Cornerstone for Executive Search Consultants

 

Choose Cornerstone for coaching services because of the following reasons:

 

·         We believe in partnering with clients to get them tasks beyond their capabilities just to enhance their power 

·         Initiate a process that inspires them to reach the maximum level of their personal and professional potential

·         We address today’s particularly important challenges and uncertainty to deal with the complex environment. 

·         Cornerstone has a 10 - Step Coaching Process and it is a rigorous, time tested, proven, project-based framework to incorporate best-in-class assessments

·         We also happily take 360-degree feedback, through SMART goal setting and review with the sponsor and individual action plans.

Why should you use retained Executive Search Firms in Mumbai?

Clients retain executive search firms in Mumbai who exclusively recruit best candidate for a specific position on behalf of a specific client.  Such executive search firms are called retained executive search firms. This assistance is conveyed through broad research intended to recognize all the potentially available candidates for a specific job and to approach and name the most ideal fit for the client.

Retained executive search firms in Bangalore operates for bothlarge and small organizations.There are also a number of nonprofit executive search firms and academia search firms, depending on your needs. Bad hires are detrimental to the interests of any organization. Executive search firms are retained to prevent bad hires to a certain extent possible. It is estimated that the cost of a bad hire will amount to 2.5 times the salary paid to the person hired. This will add up significantly in case of senior hires and in the long run. Additionally, it can also cause damage to reputation, strategy, and culture of your organization. Even very small amount of poor leadership can have a lasting impact on organizations big and small. Retained executive search firms increases the odds of success of hires, and conducts a thorough background study to arrive at the most perfect candidate.

Executive search firms in Gurgaon works for the clients and not the candidates. A retained executive recruiting firm will not collect fee from the candidate, the cost is paid by the client. They offer different payment models which is affordable to clients of all sizes.The retained executive search firm is paid irrespective of whether the client ultimately decides to hire or not, while contingent executive search firms have a “no placement, no fee” policy.

The process of a retained executives search firm is typically a long one, to account for all different possibilities that may arise during the search. A typical search for a CEO can take up to ninety days to conclude. Therefore, a guarantee of payment is required to let the retained executive search firm conduct a thorough and detailed study of the market.

Generally, the senior the role, it becomes likely that that the recruitment is handled by a retained executive search firm. But for the benefit of the client, it should also be considered that typical retained executives search firms will guarantee placement, and will conduct subsequent candidate search at no extra cost if the proposed candidates are not a match for the client.

However, a contingency recruiting service may be offered by some retained executive search firms,  but this is rather rare. It must also be noted that the Association of Executive Search Consultants (AESC) who is the trade body for executive search firms and retained executive search firms have outlawed this practice specifically.

How to get a job with the help of executive search consultants

As a person looking for a job, it is important to present yourself in the best way possible. This is especially important when you are looking to start your career or are looking for promotions. One of the best ways to take your career to the next level is to work with a professional executive search consultant firm. Following are some of the tips and tricks as to how to work with an executive search consultant firm.

1.      Identifying the right executive consultant for you

In your industry, there might be many executive search firms. But going to the right executive search firm is the first step in your job-hunting process. In order to get the best result, go for a consultant that specializes in your field of interest. A thorough search will help you find the top performing global executive search firms in India and abroad. From this list of prospective firms, find the one that does recruitment for your niche field. The recruiter should ideally be open to connecting with you in order to figure out what you know, or what jobs you are interested in.

2.      Scheduling an appointment with the consultant

The next step in your job-hunting process should be, talking to your consultant. A good executive search consultant will walk the candidate through the whole process. They will also help you with the best practices to find a job. They can advice on the best way to approach an employer. If you fail to do that then your job inquiry will not be taken seriously. The international executive search firms in India will most probably have worked with your interested organization or somewhere similar. Therefore, they will know what these places are looking for in candidates.

3.      Demonstrating why you want the position

When you are talking to an executive search consultant you should be able to talk about, you’re your qualifications are for the job. Substantiate this will prior working experiences. You should also prepare a set of questions that you want to ask the consultant like how they can help you, what do they think your chances of success are, how is the job market right now, how long is the process, etc.

4.      Compile your CV and other verification documents

When you discuss with the search consultant, go over everything that you will need to apply for a position. The consultant will be in a position to advise you on what the company would want in your CV, how the letter of recommendations should be or any other material that they may ask for. Before sending the documents in, have an expert or a professional verify your documents and CV. They should be trained for the position so that they know to focus on the right accomplishments and career milestones. 

Qualities of top head-hunting firms in India

In any given organization, an executive search firm plays an important role in recruiting top executive roles. The duties of such a firm range from scheduling interviews, finding the best, a smooth transition process for candidates, etc. This is a very difficult role and there are certain skills and qualities that only some of the top 10 executive search firms in India will have. Following are some of them.

Good communication skills

To perform the role of an executive search consultant you have to be great with communication skills. They have to be flexible enough to be able to change the way in which you communicate depending on the person and situation. They have to balance both face to face interaction and indirect mode of communication such as calls and emails. They act as a liaison between the candidates and the organization they work for. Their good communication and listening skills is what helps them to understand what their clients wants and take their feedback and apply it.

2.      Great knowledge of the industry

Experts at the best 10 executive search firm in India will have a deep understanding of the industry. These are people have experience working in different fields. They will be aware of the recent market trends, the demands in a market, the skills an individual will need to thrive in this market. This information is what helps them to find the right candidate. For them their knowledge is never static, as they keep learning so that they can stay relevant as the market evolves.

3.      Great networking skills

A great perk of an executive search firm is the widespread network of connections and contacts that they have. For them, a friend, colleague or even a family member can turn out to be a potential candidate. They keep growing the size and quality of their network. They make sure to stay connected with their network and themselves updated. This is why such top executive search firms are trusted upon.

4.      Detail oriented and focused

Great executive search firms will work on details and be focused about hiring. This is what makes them stand out from regular recruiters. They give importance to things like background details, experiences, personality traits, etc. of candidates. Every single detail is important.

5.      Great at multi-tasking

Being able to multi task even under a lot of pressure is what makes certain executive search firms great. Duties such as preparing and analyzing job descriptions, shortlisting and verifying resumes, conducting interview, getting candidates to come onboard requires multi-tasking. Often, all these tasks have to be conducted simultaneously. Sometimes, there might be less than a week to fill multiple vacancies. These firms are able to pull this off because of great time management and multi-tasking skills. This is what makes them top headhunting firms in India.