When you’ve got a senior role that’s vacant, or soon to be vacant, you have to decide how to proceed in filling it. You may think it’s better to do the job yourself, but hiring an executive search firm may be the wiser decision in the long run. We’ve compiled several reasons why you may want to consider partnering with a retained search firm for your next senior hire. Here are the first four:
1. Help in defining exactly what you need: You may think you want a carbon copy of the person who has vacated the role, but a search firm can help you look at your organization through fresh eyes. Does the role serve its intended purpose? Does the reporting structure or job description need to change before hiring?
2. Time and Focus: Executive recruitment is more difficult and much more time-consuming than you may expect. With retained search services, you have an experienced partner on board to help, to free up your time as well as other key internal resources.
3. Market insight: Executive Search Firms specialize in knowing what’s happening in the job market and can ensure you benefit from that knowledge.
4. Discretion: Perhaps this search needs to be confidential, or the circumstances surrounding the open role are delicate. A good search firm will handle the situation with discretion, while you can stay at arm’s length until the final stages.
We’ll look at a few more reasons next week but in the meantime, if you’re ready to hire a senior finance or C-Suite leader, or just need help with your talent acquisition strategy, get in touch to arrange a quick chat. Email Paul, Brent, Troy, or Tara, or give us a call at 519-673-3463 or 416-847-0036.