Benefits Of Using An Executive Search Firm
The name as it indicates is an agency which helps companies to find suitable candidates for position of executives. Every year there are lots of requirements for executives, in various organizations. But the task of hiring becomes more difficult if the company directly tries to search for candidates through a traditional advertisement medium. The executive position is a highly responsible position, which cannot be risked with incompetent people.
Executive search firms are recruitment services that are well known for expertise in finding executives. They take all your headaches of recruitment and provide the best person for the vacant place. Since, they are professionally trained and already equipped with the skills, so they can save lots of time for your company.
The whole cumbersome task of short listing candidates, arranging the venue for the interview and selecting right candidates are taken care by these executive search firms. They have the competency to choose the perfect person from hundreds of applications.
There are so many benefits to hiring such companies for the purpose. Here are some interesting details of such services.
Fixed Charges Executive Search-
In this type of search setup, the company offloads the executive recruitment work to the executive search company. These firms charge a fixed percentile of the selected candidate’s annual salary.Usually it is paid in three installments. This is one of the most popular formats of hiring such recruitment agencies.
Advance Charges Executive Search –
In this type of set up, the company has to pay the executive search firm in advance as recruitment charges. But here there is a slight difference between fixed charges model. The fees are refundable if the firm fails to provide the suitable person for the post. This is a safe way to try the new agencies in the market.
This set up is totally different from above too. The search firms start receiving 20% of annual salary once the selected candidate is finalized. This is not a one time fee. It is a recurring income for such firms. The fee is paid by hiring company not by the candidates. Executive search firms are the professional services suitable for all types of business houses.
They have qualified staff and high class customer service. The most important thing is the time and engagement of companies for the purpose, which can be saved easily by hiring third party at very low cost. They can provide custom searches as per your needs. So, next time when you require an executive for your company then does not hesitate to contact one of them.