Outsourcing the hiring process to an executive search firm is one of the best investments an organisation can make. In return, they will receive top-performing executive talent while avoiding the time-consuming process of handling it in-house.
An effective hiring process should not only source the best-suited talent, but also reduce costs, stress and turnover rate. The candidates need to be the right fit for the company culture, possess the required skills and hold the same values as the company. This is the reason why businesses and organisations turn to search firms that provide executive search in Sydney for all their C-Suite, senior-level and executive hiring needs.
When it comes to filling executive and C-Suite positions, making a bad hiring choice can be very expensive. Costs can include performing background checks, training, screening candidates, interviewing and then re-interviewing shortlisted candidates, and much more.
The advantages of turning to an executive search firm
Rather than handling this process in-house and spending precious time and resources on screening all potential candidates, consider outsourcing to an executive search firm instead. Having an experienced headhunter not only frees up more time to focus on the core business, but also will provide a range of advantages that will ensure the executive position is filled with top-performing talent.
Tap into more candidates
The ideal candidates may already be working for a renowned organisation in an executive position and aren’t actively looking for new career opportunities. It requires a significant amount of resources, time, skill and effort to actively pursue these candidates and convince them to consider working for another organisation.
This is why many companies work with executive headhunters. They have a wealth of experience in sourcing and approaching potential candidates, regardless if they are currently seeking new employment opportunities or not. Because executive headhunters are masters in the art of persuasion, they focus on building a relationship with candidates. This enables them to build and access an exclusive talent pool of industry contacts.
Fill a C-Suite position fast
The longer a C-Suite position is left unfilled, the more revenue it can drain. It can also negatively affect team members with staff having a lack of leadership, taking on additional responsibility until the position is filled and a reduction in productivity. Also, finding the right candidate with the required skillsets and experience requires speed.
The average length of time that a skilled and qualified candidate is available on the market is around 10 days. That doesn’t leave companies with a lot of time. This is why executive search firms are focused on identifying, sourcing, assessing and presenting top-performing executive talent within the shortest amount of time possible. They will get straight to work to ensure that the right candidates are presented to their client.
Ideal for roles requiring specific skills
When it comes to executive search in Sydney, or anywhere else in Australia, headhunters understand their client’s need to know exactly what skillsets the ideal candidate must require. Organisations that need to fill a senior-level position requiring specific technical skills can struggle in finding a candidate that meets the requirements.
By outsourcing this task to an executive search firm, it will result in a qualified candidate being identified in a shorter amount of time. Their headhunters can access a talent pool of suitable candidates and conduct research into what skillsets are required, ensuring that each presented candidate possess the required skills for the role.
The best possible fit
A bad hiring choice doesn’t necessarily result in a candidate being hired without possessing the specific skillset required. They might have the required qualifications, previous experience and set of skills needed to effectively manage the role – but what about their personality and long-term goals? What if they aren’t the right match for the company culture?
This is why executive headhunters extensively assess each candidate according to a ‘persona’ and other data gathered by their research team. It paints the picture of what an ideal candidate should look like in terms of their personality. Traits such as assertiveness and determination are ideal for senior management and leadership roles. However, traits such as narcissism and a lack of empathy will often result in the rest of team members and staff suffering.
Headhunters also interview candidates to ensure that their long-term goals and values align with the organisation. The last thing a company needs after going through the entire hiring process is for the candidate to leave only after a few months due to another career opportunity presenting itself.
Fill a C-Suite position discreetly
When an organisation is needing to find top-performing talent to fill a C-Suite position, most of the time they will not want to announce to the public or their employees that they are hiring. This can be for many reasons such as the current employee in the role hasn’t left the business yet. By outsourcing to an executive search firm, the hiring process can be kept entirely discreet up until the moment you are ready to officially announce the news.
- Avoid sifting through numerous piles of applications.
- Avoid the risk of making a bad hire.
- Reduce the cost of advertising and sourcing for candidates.
- Avoid training costs due to receiving talent that is already skilled and qualified.
- Avoid dealing with administrative issues including informing unsuccessful candidates and confirming information like qualifications and references.
Executive search in Sydney can provide a range of benefits to organizations and save them time, money and avoid the risk of hiring the wrong candidate. Get in contact with an executive search firm and discover how they can assist your C-Suite and executive hiring needs today.