Executive Search: Overcome Challenges to Find the Right Executive!
Finding someone to fill in a more experienced position in your company is no easy task. You need a person with suitable qualifications who can lead the company to reach its full potential. And as you plumb deeper into this subject matter, you will find out that conventional recruitment processes are no longer sufficient to place the right person on the right position. You need a more advanced recruitment process, and the company’s performance depends on it.
Challenges of Executive Search
The most common problem in executive recruiting is finding resources or gathering a talent pool that consists of highly-trained individuals with experience that matches your job qualifications. But it is not as simple as it seems. Naturally, a displacement in a leadership position can yield certain challenges. It could be a generational shift: more millennials are taking up higher positions in the company or even a change in leadership styles. On top of that, you need to take into account the professional aspirations of your candidate and whether they match your company’s goals. When you hire a new executive, you are also expected to give worthy compensation for your candidate. All of these are detrimental and have lasting impact for your company. So, you need to tread carefully.
Despite some obstacles, there are things you can do to optimize your executive recruitment process. Here are some tips that can help you overcome challenges in executive recruiting:
1. Take Advantage of Your Employee Referrals
One of the best things you could possibly do in searching for executives, is to leverage your current employees connections and use it to your advantage. Your top employees might have some referrals from their network or circle of friends. Find out if there are any personal recommendations for a person who is qualified to fill in a specified executive role in your company. By doing this, not only you would expand your talent pool, but you are also engaging with your current employees and enabling them to act as employer brand ambassadors to your potential candidates.
2. Hire a Designated Team
Obviously, executive recruiting is not a side mission that can be accomplished in spare time. It should be a primary concern for your company. It requires arduous effort and a considerable amount of time. Therefore, you need to dedicate a team to pull out resources and screen candidates. You have to make sure that your team understands the industry in which you are operating and the specified role that the candidate would take over. Your team will be responsible for regulating the recruitment process starting from the interview to the onboarding process. You may hire an internal team, or allocate your budget to hire external support from a recruitment firm to make the job more effective for your company.
3. Conduct Thorough Research
Your candidates must go through close examination to attest their qualifications. Starting from screening their CV, reference check, and even going through several stages of interviews. Not only that, you need to be able to determine their motivational fit to your company. Targeted selection interviews is the way to go. The purpose of this process is to learn about your candidate’s competencies and to create an accurate prediction of their job performance in the future. An in depth knowledge of their background and past achievements would also be useful in determining the proper compensation for your candidate based on data available in the market. It will help you in providing a reasonable suggestion for a salary offer.
How We Can Help You Find the Right Executive
Klob in collaboration with Borneo by Dayalima Recruitment can help recruit the right executive for the right position in your company. Borneo by DayaLima Recruitment is a Virtual Hiring Agent that provides an end-to-end Executive Search process. Take control over your executive recruiting process, through a selection of recruitment services that are tailored to various company needs. You can choose an individual package or as a whole that meets the whole-cycle recruitment process. Click here to find out more!