If you’re looking for new talent to fill open positions within your business, you may have considered working with an executive search firm. These recruiting firms can offer knowledge and expertise to find you the best talent within your industry. Even though the benefits of these services are indisputable, there is still some hesitation when choosing to work with search firms. So let’s discuss some of most common myths surrounding retained executive search firms and why you shouldn’t fall for them.
We can post a job opening online and find the same people that a recruiter could find. An executive recruiter has a much more involved job than posting job openings online. In fact, their job is to put maximum effort into finding the perfect candidate for your open position. To do this, they build relationships with thousands of candidates, whether they’re actively looking for a job or not, in order to find the best candidate for your company.
There’s a high unemployment rate, which means I shouldn’t have a problem filling open positions. Even if there are high unemployment rates, that doesn’t necessarily mean the best candidate for your open position is currently unemployed. In fact, top talent will most likely remain employed or find a job quickly if they decide to change positions. This is where retained executive search firms come into play — great talent is hard to come by, regardless of unemployment rates.
Hiring executive recruiting services is too expensive. When you think about how much money you could spend buying ads, posting jobs online, paying in-house recruiting or human resources, and the time of managers involved in the recruiting and interviewing process, those costs can quickly add up. This time, money, and effort could be better spent elsewhere to contribute to company growth. Additionally, all that time and money could be wasted if the candidate turns out to be a poor addition to the company. Considering all of this, an executive search service will not only save time and money, but will guarantee the new hire is an excellent fit for the position and the company.
Executive search services recommended the same candidates for multiple open positions. Retained executive search firms understand that no one company is alike and that each company culture is unique. Because of this, executive recruiters look for candidates that have personalities, skills, and experiences that will suit not only the open position, but the company as a whole as well. During the recruiting process, candidates will be thoroughly assessed in order to determine which ones have the right attributes for a certain company culture.
As you can see, a company’s in-house recruiting services or HR department cannot compare with the skills and value that retained executive search firms can offer an organization.