Now that Artificial Intelligence is considered to be the next big change in the top executive search firms. Will the use of AI eliminate the executive search firms and will it be an enhancing tool to help the organizations find their C-suite talent with even more precision with minimal risk and in the least possible time?
So many questions and the answer lies in a balance between the two. AI and executive search firms in Delhi together can help their clients faster in a much precise way. What Can AI Do To Help In Recruiting?
AI And Executive Search
Significance Of Search Firms AI can be a great assistant making the entire hiring process speedy and accurate but that being said the significance of search firms does not fade at all. AI can help you find the individuals with just the right skill set with just the right amount of experience but C-suite positions are not only about quantifiable competencies. The executive search focuses on leadership style, cultural fit, soft skills, and emotional intelligence. These are the qualities that only an experienced executive staffing expert can identify and evaluate in depth. Executive-level positions are complex and need a lot of experience to understand the nitty- gritties involved in a particular job role. AI cannot do this. It takes a seasoned and intuitive human professional with years of experience in the field to understand the unspoken requirements of a role. AI is incapable of developing relationships with potential candidates. At the same time, AI cannot increase engagement with passive candidates encouraging them to take a leap of faith with them and give a shot to the interview for another position in a competitive company. This is something that can only be done by a human who has invested years in building long term relationships with people.
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Is executive search firms in Mumbai always the best route to hire top talent for the organisation? The employers are using the services of executive search firms in Gurgaon when the top job opening in the organisation is of premium level. Recruitment is an exact science which is both labour intensive and complex in nature requiring the rare set of people specific skills and expertise in the business of recruitment. This is the prime reason, the executive search firms in Bangalore and various part of the country are in hot demand these days.
We bring to you the dozens of scenarios when each and every company should consider hiring the services of executive search firms for the next hiring mandate. Read through: You Don't Require Good, But, A Great Candidate When it is about hiring the top talent for the organisation for a position which is crucial for the business, the search firms can help by doing the rigorous work required to nab the game-changing top-performing talent. This is because the new hire is going to have a huge impact on the company, so taking a risk is like taking a risk with regard to the future of the company. The recruiters have the ability to assess all the available talent which includes looking inside as well as outside the company. You Require A Candidate With A Rare Skill Mix If you are looking for a proverbial needle for an important job position, then the executive recruitment firms can be of great use to you. This is because the recruitment companies usually deliver a slate of powerful candidates who are having a right mix of skills, abilities and knowledge, apart from the other factors such as emotional intelligence, cultural fit and ambition which are often kept in abeyance by the companies. Thus, when the companies partner with executive recruiters, they solve the most specialized needs that they are having. Since the recruitment agencies follow a disciplined approach to the talent problems faced by the client organisations, they surely end up achieving a disciplined result for the same. Looking For A Candidate For A Newly Created Position When you have created a new executive position and the executive search lies beyond your metes and bounds, then it is the recruiting firm which can plug in and fill the knowledge gap with its know-how about the domain. This is one of the prime reasons for the growth in prestige and importance of the recruitment companies over the years. Their critical depth of the knowledge and insight about various domains helps the organisations who partner with them. Lining Up Replacement For An Under-Performing Executive While He/She Is Still On The Job In such cases, the needed veil of trust, confidence and secrecy can be provided only by the executive recruitment firms. The recruiters calibrate on the must-haves in the prospective candidate in a quiet manner without making things odd at the client organisation's workplace. The top executive search firms usually embed intelligence into each and every step of the search process in order to improve the entire task of search for an ideal candidate. These days adding smartness to the hard work is the best way for increasing the efficiency of a task. Here are certain steps the executive search firms in Delhi are taking for the purpose of supercharging the search for the right candidate for the client organization:
Linking The Human Capital Intelligence Strategy The client organisations are usually focused on growth and making expansion into untapped markets. The executive recruiters search for such hires who can provide an added strategic advantage to the overall growth strategy of the organization. For instance, if a company is planning to enter a new market, then the recruiters usually target candidates who have good domain experience in the new market the organization wish to enter. Internal Intelligence Review The critical information about the company is usually scattered across the departments and teams present within the companies. There are big market research reports or annual account reports which tell lots about the present and future aspects of the company. The prospective candidates see through a number of factors before taking the offer letter from any company. The executive search firms are using this information during the recruitment process and in turn increase the return on investment associated with the company. Conducting Market Intelligence The executive search companies usually a research to find the presence of number of similar openings in the market against which they are currently competing. This way, they also capture the data with regard to what other companies are offering to the candidates in terms of salary, perks, and other non-monetary benefits. If the salary is almost the same, it certainly doesn’t motivate the candidate to make a move to the next best opportunity. The market research helps the recruitment companies inform the client organization about the current market scenario and what adjustments they need to make in title, compensation, and scope in order to grab the top talent. Working On The Search Plan The recruiters analyze each and every set of information they received before initiating the actual hiring process. They never try to scoop up buckets of talented candidates from the target companies instead look for patters for capitalizing upon the best people available in the market. They examine the job titles and postings to determine how well the candidate can fit into the available opportunity. News Alerts The recruitment agencies usually stay active on the news page in various search engines and even set alerts which are relevant to their search for the ideal candidate. They even track RSS feeds and reports related to layoffs, mergers, etc. which usually makes the candidate make a move out of the current organization and is a great opportunity to capture the talented individuals. Your startup has finally taken off and the pile of increasing work needs you to bring processes in places and build a strong C-level team. But wait! Have you ever done this before? No Right? So how would you ensure that the people you have hired are just the right fit for your organization? You can’t keep spending your hard-earned precious money on hiring and re-hiring. So what should you do?
The answer is choosing amongst one of the best Executive Search Firms in Mumbai. If you are still determined to do these in-house and not sure if you need to hire one of the executive search firms in Bangalore or Mumbai or anywhere else, it is time to start looking for these signs: 1. A Bad Executive Hire Has Cost You A Lot Of Money I did not see this coming. He seems to be a perfect fit in the interview. But it went downhill after the hire. As a result, a lot of money got wasted not only in terms of the hiring and rehiring process but also in terms of the overall morales of the team working beneath the executive. This might cost your company more than you can imagine and is a clear and a sure sign that it is now time to start looking for executive search firms in Gurgaon or whole NCR region. The executive search firms in Delhi will start from jotting down the exact requirements you will have from your newly hired Executive and will then work towards finding the right potential candidates not only from skill perspective but also in terms of Cultural Fit. The C-level positions are too crucial to be filled with a single channel of hiring that is simply posting ads and then screening and interviewing the individuals. The best way is to widen the scope by connecting with a well-networked search firm that can do all the heavy lifting leaving you with a lot of time to concentrate on fruitful tasks. 2. You’re Having Trouble Finding Someone Most candidates who are at such high positions won’t be looking actively for a job change. As a result of this keeping the search in-house restricts your access to the potential candidates and widen the possibility of having to deal with the wrong candidates. When you have run out of options and still have not managed to find the right fit for the company, it is time to start looking for a search firm who can increase your chances of finding the right employee by giving you access to the passive candidates in addition to the active ones. This helps you find the right fit irrespective of the fact whether the candidate is looking for opportunities or not. 3. You’re Not Sure Who You’re Looking For So now you know, you have a new process in place and you need someone to look over it. But you are not sure what is the exact set of skills that would be required for the job. Enter Executive search firms. Thanks to the years of experience working in the field, they can help you decide the correct job description and thus decreases the chances of bad hire even further. The growing dependence of companies on recruitment agencies for finding and hiring top talent has resulted in the phenomenal growth of this sector. However, while much is said and written about the huge revenue earned by companies operating within this niche,not much is known about the challenges they face. In fact, it is quite common for executive search firms in Mumbai to be forced to deal with unprofessional and arrogant clients on a regular basis. In fact, the way companies approach recruiters in India in modern times is really worrisome. With most organizations having a knee jerk reaction to fulfilling a vacancy, learning about some common challenges faced by recruitment agencies in India.
Unclear Job Specifications Many times hiring organizations choose to recruit candidates in rush to meet unrealistic deadlines. However, rather than supporting the executive search firms in Gurgaon by providing accurate job specifications, the companies expect such firms to simply understand their needs. In addition, they expect the firms to provide them with a list of the most suitable candidates without any delays. This often results in the recruitment agencies sending candidates based on their assumption of them being most suitable for the job. This can impact the quality of the candidates besides putting the credibility of the recruitment firms under question. Unnecessary Delays In Making Hiring Decisions The final hiring decision is almost always taken by the top management executives of client organizations. It is not uncommon for these executives to put a really good candidate on hold simply because they have met only a couple of people. By the time they make the decision of hiring the candidates, they are almost always recruited by another organization. In fact, they often pass the blame of having lost a great candidate on the executive search firms in Bangalore that introduced the candidates to them in the first place. Minimal Initiative At Candidate Interaction Hiring organizations feel that it is the responsibility of their recruitment partners to build a rapport with prospective candidates. Such organizations also believe that the executive search firms in Delhi they work with should be able to convince the candidates about the company and the scope it offers. They tend to overlook the fact that most candidates will assess the organization based on their personal interaction with the company representatives. The recruitment firms can do only so much to convince the candidates to stay engaged until the last phase of the recruitment process. Once that stage is reached, the decision of the candidate to take up or decline a job offer depends on the company representatives. Making a bad hire in your C-suite can be a huge mistake with disastrous consequences. Finding a qualified, top-performing executive is an art and lack of experience can unnecessarily make it far longer and far tougher than it actually has to be.
Hiring one of the best executive search firms in Mumbai for your C-suite vacancies can help you save you a cost that gets incurred when the executive role is not being filled. Here are the reasons that executive search firms in Delhi may be worth the investment when it is time to find the ideal talent for your most senior positions. Why Work With A Retained Executive Search Firm? Be it executive search firms in Bangalore or the executive search firms in Gurgaon, they can help you find the right fit for your company in less time with minimum risk involved. Here is a list of several other reasons: 1) Access To A High-Quality Network Of Potential Executive Professionals If you’ve exhausted your list of connections and still not able to find the right executive, it is time to hire the experts to do the job for you for they have a long list of high-quality executive professionals owing to their years of experience in this field. Retained executive search firms with a global network of contacts should always be preferred for they can help you find the right talent from an even bigger pool of potential candidates. 2) Some Positions Are Too Important To Save Money The implications of a bad hire are huge both in terms of time and money. Top retained search firms are experienced in understanding the rare skills mix needed for top positions. The risk involved while hiring through a firm is minimum thus saving a lot of unseen cost in terms of bad hire as well as the time wasted in hiring on your own. 3) Lack Of Right In-House Resources One of the most daunting tasks while looking for a potential employee to fill the top position of your company is the screening process. Assessing a candidate’s CVs properly takes time and is one of the most crucial part of the entire interview process. Having a search firm to do this task will help you achieve this task efficiently. Search firms deal with CV assessment every day and so they know what exactly they need to look for. 4) To Have Long-Term Employees In Your Company Retained executive search firms calculate the success based on the retention rate and longevity of their employees. An executive firm is good at assessing which candidate has the right potential from a long-term perspective and will contribute positively to the business’ future growth. 5) Minimum Risk Involved This point can’t be stressed enough as there is always a risk of a bad hire that can be disastrous for a company’s growth and well-being. Having the right candidate in minimum possible time with minimum effort on your end can actually give you a window to concentrate and worry about the more important tasks such as growing your company further. Habits are nothing more than repeated behavior patterns developed over time and which become an integral part of the personality of an individual. Habits, thus play an important role in ensuring their success in both personal and professional lives. This is because habits define the attitude of individuals as well as the manner in which they conduct themselves at their workplace. In fact, there are some habits that can deeply impact the professional growth and success of an individual. In this context, the experts from leading executive search firms in Mumbai, have identified the following 5 key habits that professionals should focus on developing to ensure their career success.
Constant Networking Building strong professional networks has been identified as a key trait of most successful professionals. That is why it is important for young professionals to develop the habit of investing time and effort in building networks and maintaining them even if they do have any immediate need for them. It is essential to keep in constant touch with the members of the network and connect with them on a personal as well as a professional level to strengthen the sense of mutual trust and companionship. Learn The Skill Of Effective Communication Much has been said and written about the significance of effective communication in ensuring career success. According to the top executive search firms in Bangalore, effective communication should not just be limited to the professionals having a stronghold over the language. Rather it should help professionals to gain a better understanding of the people they work with and make it possible for them to drive their point across. Developing such communication skills often requires a lot of practice and provides great results. Develop A High Emotional Quotient Most successful professionals are known to have an exceptionally high emotional quotient which enables them to take on the various challenges and dilemmas in a confident and efficient manner. A strong emotional quotient helps professionals to stay focused and manage any adverse situation without feeling too emotional about them. The professionals from executive search firms in Delhi are of the opinion that professionals having strong control over their emotions tend to be more balanced, focused and efficient during the most challenging times. Say No To Procrastination High performing professionals understand the importance of getting things done, not in time, but well before time. It is important for such professionals to be highly productive every single day rather than keep delaying their tasks until the very last moment. By avoiding procrastination, these professionals are better prepared to face any contingencies and are able to create a buffer time for further improving the tasks and enhancing their productivity. Develop Great Organization Skills Being well organized is an essential quality of most successful professionals as it helps them to stay focused. The experts from executive search firms in Gurgaon are of the opinion that professionals capable of living an organized life are more likely to achieve their career objectives well in time. This is because being organized helps them to better manage their resources and priorities while avoiding any distractions that may deviate them from their professional growth objectives. |
AuthorCornerstone India is a leading player in CXO Search, Board Search for Independent Directors and Leadership Advisory services. Archives
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