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How to pick a great Executive Search Firm?

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Posted by Iris Data Driven Agency

about 1 year ago

Whether you have a demand and are interested in working with an executive search consultant or using C level executive search firms, the key brings your business to success is understanding both of them. As candidates need to build trust with the executive search recruiter. So if you’re looking for helps in recruiting, then take a look at these solutions in the article below.

1. Overview of Executive Search Consultants and Executive Search firms

1.1. Executive Search Consultants

Executive Search Consultant, who they are?

  • An executive search consultant tries to place candidate CEOs and upper-management executives with their clients. Different from the executive search recruiters, sometimes called executive headhunters, is the recruiting professionals who focus on filling important positions within companies.

Businesses need to employ a new or replacement their CEO, an upper senior manager can not use a typical recruitment agency. In this case, an executive search consultants will help them to contact with the search agency based on the client’s demands, implement the search process, and liaise with the clients regarding their findings and candidate suggestions. 

  • Executive Recruiters, sometimes called executive headhunters,  in other ways, is the recruiting professionals who focus on filling important positions within companies. An executive recruiter can fill professional positions like doctors or IT or they still be focused on filling management positions depending on their knowledge and experience.

Overview of Executive Search Consultants and Executive Search firms

Executive search consultant salary?

New graduates consultants can be paid with a basic salary and earn commission on top of this for OTE. Executive Search Consultants can get the OTE as much as $33.000USD (approx. about 700 million VND) per year if they work hard and reach all the set goals.

However, general in Vietnam, successful executive search consultant salary has been known to range about $83,000 to $110,000 per annum within three years (about 200 million up to 250 million VND per year) as the same as an executive search recruiter salary in Vietnam.

1.2. Executive Search Firms

What is an Executive Search Firm?

An executive search provider is a recruitment company or executive search group that specializes in sourcing high-quality candidates for senior or high-level roles. Executive Search solutions are divided into contingency search and retained search, but some offer both of these services. 

For example, in Navigos Search, the business will find the recruitment solutions for senior and high-level positions with both contingency search and retained search. Navigos Search offers recruitment solutions that help businesses build a long-lasting relationship with their employees as well as improve their talented pool day by day.

Executive Search Consulting Firms are responsible for filling important positions in businesses. These firms aim to proactively source the right candidate on behalf of the client businesses. They don’t simply forward resumes from applicants. On the contrary, the headhunter will target and approach the candidates directly. They don’t care if the applicant is a job seeker or are looking for a new opportunity.

An executive search provider is a recruitment company or executive search group that specializes in sourcing high-quality candidates for senior or high-level roles

Which services do Executive Search Firms in Vietnam usually offer?

Executive Search Consulting services can be divided into recruitment and advisory services. For the organizations that need recruitment solutions at a high-level should use recruitment services, such as Executive & Senior Management, Professional & Middle Management, RPO & Project Recruitment, or Advisory services that can be included Board Services, Leadership & Talent Assessment, Organizational Culture, Inclusion & Diversity.

2. Benefits of Executive Search firms for businesses and candidates

Nowadays, many companies in Vietnam decide to use search & selection services because they have a shortage of internal resources, networking, or even evaluative skills to recruit themselves. Some organizations may even outsource executive search consulting services than hiring a full-time executive search consultant to recruit senior staff as the benefits like the below:

1) Entrance to a high-quality network of high-level professionals

In case your business has a strong employer brand, you still aren’t able to find talented candidates for the c-level or professional position, it may be time to call in an executive search company. This HR solution providers have a global network of high-level connections across various industries. This also means that the pool of talent they have access to is far larger, far more exclusive and of a far higher quality.

Top retained search service providers are well-practiced in understanding the rare skills mix needed for a C-suite position and can easily identify the right fit

2) Some positions are too important that shouldn’t have any mistakes

Top retained search service providers are well-practiced in understanding the rare skills mix needed for a C-suite position and can easily identify the right fit, be this via an internal hire or an external candidate.

3) You don’t have the in-house resources

Assessing candidate CVs properly takes time. Scan-reading can mean you lose some of the more intricate details and often don’t get enough time to look through them properly. Search providers deal with CV assessment every day, so know what to look for in a strong CV, including hard skills, soft skills, and personality.

4) You want long-term employees

Most of these employees have their performance reduced after the probationary period. This time can last from 6 to 12 months depending on the person. Some common reasons for this situation are the quality of the recruitment process. Some organizations value a candidate but not about if the candidates are suitable for their own culture. This leads to incompatibilities between what the candidate expects and the actual workplaces and organization. But a talent executive search group will be able to tell which applicant has the right potential for long-term success and will eventually contribute to the business’ future growth.

Find out more about How does an executive search consultant find candidates?

3. Conclusion

Outsourcing a search solution to assess a professional workforce is the best way to help businesses overcome the shortages in positions. The executive search third parties which own many highly skilled and experienced executive search consultants will help your business for placing candidates in positions similar to your open position on over the world.

Navigos Search executive search group can help businesses in Vietnam and foreigners in finding top talent for their company as well as assess senior and high-level candidates in the industry and market. In case your business needs searching for a senior position or have a question for our search & selection services let Navigos Search know clearly about what position you are looking by filling the contact form below. Our consultant's team is happy to help you resolve HR problems or career advice in Vietnam.​

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