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.
0 Comments
If you have an executive position that needs to be filled from outside talent, hiring one of the top executive search firms can help you find the top talent in a faster and risk-free way. Here is a list of 6 benefits of Using executive search firms in India for your hiring needs:
1. You Get The Best Talent Available And Not Just Someone Who Has Responded To Your Opening. Job postings can be effective for roles that are not very crucial but this approach can only reach the active candidates leaving out a huge chunk of passive candidates that might be a better fit for the role. Often the best and the right candidate is the one currently working for one of your competitors and hence they would not be looking at your postings. 2. The Right Candidates Help Drive Revenue And Success Of The Company A good candidate will “pay for themselves” and have a huge positive impact not only on your top line but also on the bottom line of the company. Having retained executive search firms help you seek out the best talent, the ROI on which will be much higher. 3. You Need An Opportunity Marketer To Gain The Attention Of The Passive Candidates The top talent is out there but they might be unaware of your opportunity. A retained executive search firm can help you gain their attention and engage them with your opportunity. This would help you find the right talent and increases your chances of having the right hire in the company. 4. Good Search Firms Search For The Right Fit Good search firms do not wait for the right candidate to come knocking at their door. They search for the right fit by exhausting their well-established network in the concerned industry. They don’t “post” jobs but they hunt for the right talent and then convince them to explore new opportunities. 5. Decrease The “Noise” And Increase The Quality The 300 resumes you’ve received after posting the job application may seem like a blessing at first but as soon as you start to sort through them, you begin to realize, what a nightmare it really is. This time could have been utilized in more productive ways. A good Executive Search firm will only give you 3-5 best potential candidates after doing thorough research. These candidates would be screened and interviewed by the firm and then decide how much are they worth your time. This not only saves you a lot of time but also increases the chances of a successful hire because the lesser the options, the easier it is for you to select the best fit. 6. A Good Search Firm Hunt Candidates With Talent Development In Mind With a and a goal to greatly reduce turnover, the search firm not only finds a talent who will grow your business but will also find someone who can grow with your business. Every talent is screened from the perspective of the present as well as future success. 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. For a company to excel, it is not just the vision of its talented board members, but also the synergy and the work of its every department and their team is equally important. And well, gone are the days where employees sign up for one 9-5 job for a lifetime. Moreover, with the growing age of startups and multi national.companies, today, the mindset of an employee is way different and offbeat than it was earlier. Today, there are multiple opportunities lined up for the employee, hence in order to maintain company loyalty and to also make the employee and the recruiters happy is a task. And thus, hiring the right candidate for the specific role and giving him the responsibility of working on an essential project is a pressure every board and HR goes to.
And while sometimes the company hires or has their in house human resources team, they often fail to connect with the right employee purely because they look at the overall skill of the candidate and how he or she can fulfill an overall designated role. But what makes executive search firms more credential for this role is because they intend to study the crux of the requirement of individual project and performance expected from the head team and later analysis the skills of the employee and appoint and assign them accordingly. Executive search firms like Cornerstone are known to serve customized HR service to deliver long lasting performance growth for the company. And when this happens, the stress of doubting and the pressure on the employees' performance by the board vanishes and the focus is mainly on the growth. This saves up efforts, time, money and moreover offers confident results. Apart from just hiring the right candidate, it is also essential for a company to keep the employees satisfied because with multiple job opportunities the frequency of job hoping has raised and it has an adverse effect on the company. It becomes taxing for a company to hire new set of people and appoint them with projects where the boards are skeptical about their performance. But when top executive search firms take this task in hand, they ensure and pick individuals who align with the company goals for long term. And this is done by their expert eye for identifying and understanding the candidates. Executive search firms in India mainly aim to look out for people who share the same values, short term goals and long term goals as the company. It is their expertise that ensure to communicate the need of the company and pick the same sort of employees. And this is a rare sight where HR services with new talents who synced with the company are provided and that this what makes cornerstone different from others. 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. Useful Tips For Senior Executives To Maintain A Harmonious Relationship With Their Employees11/1/2019 Business organizations today understand the significance of ensuring employee loyalty far better than their predecessors. However, most companies tend to ignore the fact that employee loyalty depends largely upon employer loyalty. This essentially means that unless the employers make their employees feel happy, satisfied and supported, they are least likely to develop a sense of belonging and loyalty for the organization. According to the leading executive search consultants, the senior executives within an organization can play a critical role in this context by focusing on developing a harmonious relationship with their subordinates.
Discussed below are some useful tips that can help senior executives to ensure the same.
When companies seek to hire management and professional talent, they have multiple options to carry out their search. They can manage the entire process internally or they can outsource it to Executive search consultants. In-house recruitment, especially for the top positions, have some limitations over if the company goes for one of the top executive search firms.
Limitations Of In-House Recruitment *** Firstly, many candidates won’t be actively looking for new career opportunities and so they might not respond to your job advertisement. The passive candidates who might not be looking actively but might be interested in the entire process would simply be ignored thus skewing your chances of having the right hire further. *** Small and mid-sized businesses lack the internal resources and experience to attract passive candidates effectively. *** Another limitation is that the in-house recruitment team lack the focused approach thus end up getting a lot of unqualified application. This leads to a wastage of time in the screening process. Advantages Of Hiring Executive Search Firms >>>> A retained firm operates on an exclusive client-centered basis and thus works on a limited number of search assignments at a given time. This ensures speedy delivery process without having to compromise on the quality of the search. They carry out dedicated research while leveraging the full spectrum of both active and passive candidates that are available in the market and therefore manage to find candidates with unique backgrounds. >>>> The second advantage is confidentiality. Executive search professionals work in a confidential manner and will participate in all aspects of the search process, starting from laying down a tailor-made search strategy to providing highly qualified potential candidates who have just the right background and experience for the specific job opportunity and would fit well with the company's culture. >>>> Retained consulting firms are a great option for advanced specialist positions that require a unique set of skills. They are hired for the positions where the risk needs to be minimal and a wrong hire can be disruptive to the company. The retained executive search not only helps provide the potential candidates to pick and choose from, but they also help in the long tedious process of convincing the candidate to make a move from their current company. >>>> Last but not least, hiring is incomplete without the much-dreaded negotiation process and thus having a firm by your side can help you more than you can imagine. With years of experience in this industry, they are well-aware of the nuances involved and can tackle them with ease with no real stress from your end thus freeing your time for priority tasks in hand which needs your absolute attention and are related to the overall growth of the company. 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. Gender diversity has become a key focus area in modern workplaces and organizations today are more open to the idea of hiring women for senior leadership positions. In this context, the executive search firms have developed new strategies to hire female candidates that perfectly match the needs and expectations of their clients. However, the organizations also need to take the necessary measures that can ensure long-term retention of such women executives. This includes considering the below-discussed key aspects of the workplace that influence hiring and retaining female candidates in a significant manner.
Company Policies, Workplace Culture And Flexibility While a majority of professionals today prefer a positive workplace culture that is based on transparency and flexibility, it is especially important for hiring and retaining female executives. In most cases, female candidates looking for senior leadership roles, prefer to work for organizations already having a decent number of women workers. It assures them of the good policies of the organization and the fact that it values talent rather than the gender of an employee. HR Road Map For Leadership Hiring It is important for an organization to perform introspection of its in-house HR department and road map it has created for the recruitment of candidates suitable for leadership roles. Organizations need to conduct a thorough analysis of the programs and policies being rolled out by the HR executives to create an atmosphere that is conducive for developing and retaining female leaders. At the same time, these professionals should work in close coordination with the top executive search firms in India to find the most competent female candidates for a given position. Set Up High Ethics And Ensure Equal Pay One of the biggest turn-offs for female candidates, applying for senior executive positions is the lower compensation offered to them as compared to a male candidate. It is important for organizations to do away with any such practices and establish the rule of equal pay for similar roles, irrespective of the gender of the employees handling the same. In addition, companies also need to establish high work ethics that promote talent and eliminate the boys’ club mentality. Such initiatives pave the way for equal growth opportunities for female professionals and can play an important role in attracting top talent from the fairer sex. Partnering With Search Organizations Practising Gender Diversity In order to attain success in hiring and retaining top female talent for leadership roles, it is important for organizations to partner with one of the best 10 executive search firms in India, already having a high gender diversity. Such firms are able to better understand the needs and expectations of female executives and hence provide reliable advice and guidance to their clients about the same. They are also likely to greatly influence prospective women candidates in terms of convincing them to join a specific company. If you’re hiring for the strategic positions of your company, a thought always has crossed your mind, “Should I go for one of the top executive search firms in India to do the job?” or “Do I really need to hire a top executive search firm? The answer to both the questions is YES. So what value do executive search firms bring to the overall hiring process?
The answer is more than you think! Because of the nature of what they do, these firms are capable to save you companies a tremendous amount of both time and money when it comes to hiring and attracting the top talent in the industry. In order to fill the mission-critical positions, the companies always are looking for a very specific type of candidate and the advantages of hiring a firm to find that one for you is that you don’t have to deal with a lot of critical aspects of the interviewing and hiring process on your own thus saving you a lot of energy and time. Here is a list of few ways, how a firm can help you find better talent at the same time saving you both time and money: Streamlined Process - The hiring firms with years of effective processes in place streamline the entire work and keep all the stakeholders always on the same page. They make sure that the candidates are engaged throughout the process so that they do not get lost to a competitor’s offer. By reaching out to both active and passive candidates - With an extensive network at their disposal and a well researched and laid down qualities the company needs in the candidate, these firms are capable of locating candidates that the companies can’t find on their own, namely “passive candidates.” These are those candidates who aren’t conducting an active job search but would be happy to explore if an opportunity knocks at their doors. These candidates aren’t reading job boards or website postings and hence won’t be able to find you otherwise. Hence, with passive candidates involved, the prospects of finding a better fit increase thus saving you time and money in the longer run. By utilizing a well-crafted network of candidates - Third-party firms have a well-crafted database of individuals and thus they can help you find the most relevant candidates in less amount of time. In executive search, the most important task is to look for the most fitting candidate both in terms of skill and company culture and having an extensive network of candidates helps the firms shortlist just the relevant few for you to interview thus saving you a lot of time and money. By doing a thorough screening process - This is important. We need to think about it this way. Had you been doing this on your own, you had to go through a lot of relevant resumes. A single miss and there goes your perfect candidate rejected in the screening process only. Backed by years of experience, third party firms can actually help you screen and will provide you the most relevant candidates. |
AuthorCornerstone India is a leading player in CXO Search, Board Search for Independent Directors and Leadership Advisory services. Archives
July 2023
Categories
All
|