Executive Recruitment refers to finding and selecting candidates for senior-level posts or jobs with a specific skill set. Exec recruitment agencies operate within a specific field or job function. They also have expertise in sourcing and screening extremely talented people with relevant experience. Executive Recruitment firms have a proactive approach to headhunting and do not solely rely on traditional candidate sourcing methods. How is 'executive recruitment' different from a recruitment agency Executive Recruiters work on behalf of their clients. They have advisory and consultancy roles with them. They work along with their clients to create a job specification that will attract both active and passive job seekers. They will also approach candidates that have been identified via targeted headhunt processes. However, its time consuming due to the extremely focused nature of the processes. On the other hand, recruitment agencies focus on matching CVs from their database to the job description provided by the company. These agencies are quicked but do may offer more CVs with less specificity, thus increasing work for the company's HR department. Image source:-shutterstock How does executive recruitment work? Exec recruitment agencies begin by obtaining a detailed understanding of the employer's requirements in terms of skills and personality. Then they identify and engage with prospective candidates. These may be candidates currently looking for a job or already working at one. Once the right candidate has been identified, they are introduced to the employer. The recruits may also play a role in the interview process and negotiations. How much to exec recruiters get paid? Executive recruiters work on a retained bases. This means that unlike a recruitment agency, who are only paid if a candidate gets a place, executive recruiters work to get paid upfront and even receive additional payment once the job is done. The fee is typically 25% to 30# of the gross salary of the candidate. Why use an executive recruiter? Exec recruitment agencies have a vast network, saving a considerable amount of time and expenses. They also have a detailed understanding of your sector and can save time by shortlisting only the right candidates. This is especially beneficial if the firm wishes to hire from a different industry. They provide candidate from diverse backgrounds as they aim to increase the diversity in a company.
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March 2023
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