Talking about retained executive search it’s a firm that is engaged in all aspects of the search process. Starting with custom made search strategy to the candidate on boarding. Their success is based on the impact and long term commitment of the executive hired. Retained executive search firms often continue consultation and follow up months after the hire. Retained search firm conduct the search exclusively so that it is client-focused with intense investment or resources to find the right candidate. The firm works very closely with each client and takes their time to come up with the best person for the job.
Here are some advantages of retained executive search:
- Hiring – Talking about senior level positions, when you are filling it avoiding hiring mistakes at this critical situation is advised. The risk present at this stage is too high and the results could be deleterious. This type of situation must be handled with care. Taking assistance from retained search firms, you can eliminate a lot of the risk involved during the hiring process.
- Wider Reach – When it comes to retained search firms they have a wider reach of potential employees than other resources. They have a continuously growing database of networking contacts with access to the people who are actively looking for jobs. If you trying to fill a placement without the help of retained search firm, you only have access to candidates who are either currently looking forward to leaving their job or who are unemployed. However, retained search firms magnify the search toward the candidates who are currently employed as well, ensuring that you hire the best possible employee, not just the one who is available.
- Expertise – Companies are often looking for very specific talent in extremely narrow fields. Searching for a senior level employee with a rare healing focus, for example, would take a lot of time and energy. This procedure can’t be done without the expert help and industry knowledge that retained search firms provide. The people who work for these types of firms do this for a living and therefore, their experience transcends over what others can do. With excellent researching skills and people skills, it’s easy for recruiters to determine whether a person is qualified and if they fit into your company’s culture or not.
- Communication – All the communication between a company and a candidate is dealt by the professional executive search firm. They are proficient when handling delicate situations and negotiations, which is vital when speaking with senior-level candidates. The relationship they create and develop between the three parties is extremely important when developing trust.
The retained search may be anticipated as expensive but the key is that the retained search firms always look for the most qualified candidate. Retained placement ends up being a better fit in their position and stays in the role longer than with any other type of recruiting scenario. Companies will always opt for a retained search when they are looking to fill an executive level position.