Executive search is a recruitment service which to hire the candidates for the situation of executives a number of organizations. Executives are essential in every organization from low to high-level in many departments. Companies who require executives may either hire them directly or can work with a third party firm to hire such executives for these kind of people. It’s not easy to hire the ideal candidate for executive position especially if you choose to not have many contact and processes.
There are firms out there because executive search organizations. These firms work as a look at for your company’s recruitment. There a variety of benefit of hiring such companies for your recruitment. They have good experience discovering and hiring executives, so they is able to do the task for you in lesser time. As you are running a business, you may not get sufficient in order to conduct the interviews and choose person from a crowd, so it is always beneficial to engage a third party firm to do your responsibilities. The position of an executive in the clients are of great importance and you cannot take risk of hiring an unskilled and unsuitable person for the job. An executive search firm will guarantee you with the hiring of a perfect executive for corporation.
We will now discuss working of this firms. There are three types of executive search solutions. Working of each model is somehow different. We will talk about each model briefly.
Retained Executive Search
In this search model, the company hires a company to recruit officer or senior executives for it. The fee that the executive search firms charges is 30% with the annual salary of the recruited executive and this can paid in three installments.
Delimited or engaged search
This search model is comparable to retained search with certain differences. Much retained search, it needs the company pay out for the executive search firm in advance, but with the condition how the fee is refundable in case if the firm won’t be able to find a suitable executive for the post.
Contingent search
These firms are somehow different out of the above pair of. These firms do not get the payment in advance, but only once the executive has joined the company. These firms usually obtain a 20% of this annual salary of the recruited professional. They receive the payment always from recruiting company not from the hired customer.
Executive search firm is an ideal option for every kinds of businesses. As an executive is an important part within the firm it also may not invariably be easy for the company to look for a talent inside of the market, it is advisable to employ a firm that can do the project for you actually.
Fortra Executive Search
537 Hamilton Ave #100, Palo Alto, CA 94301
(650) 823-1138