Successful businesses need motivating and passionate individuals to spearhead their services and lead them in such a fashion. In order to find the right and deserving leaders, businesses often spend much time and efforts trying to find the right hands to trust their commerce with. In order to make the right decisions and not potential cost the entire company itself and lead them to a pitfall, executive search companies have emerged. These companies aide businesses in fighting the right and perfect CEOs and leaders who are reliable and best suited for the jobs and the demands the role has to offer.
Executive research companies help their customers to find the perfect leaders who are apt for the market and for the business of choice. Several of these companies operate on an international basis, finding individuals who can perform great on a global scale and in an international market. A close partnership is observed between the search company and the client in order to find players who are a better fit even culturally for the role in a specific region for a specific branch or a role.
Many successful executive search companies follow a certain protocol such as the one mentioned below:
The search is divided into 3 major steps and these are Insight and planning, management and closure. Each step denotes and provides an insight into the 3 main parts of finding a leader and incorporating them into the workplace and by finishing it off with an agreement.
1.) Insight and Planning Phase
This is the first step in the process. This phase will cover the assessing of context and the brief of the same. In here, a very detailed and comprehensive discussion is help with the client. This will provide an intrinsic understanding of their services and goals. This will also provide reasons as to why the business should be preferred. Through this process, an ideal portfolio or profile is developed and put forth in explanation to potential and prospective candidates. Search strategies are also developed during this phase.
2.) Management Phase
During this phase, the candidates go through a comprehensive and strict screening procedure. The screening will assess performances of the past, verifications, passions and motivations and overall personality of the candidate. The findings of the search are consistently reported to the client. Recommendations are also put forth during the process. The clients will choose the best suit for the role through detailed reports, feedback, and reactions of the market. After this, candidates are shortlisted and their interests are monitored and feedback is obtained.
3.) Closure phase
This is the final phase. In this step, the client and the candidate negotiate terms and come to a consensus on a package. In order to cement achievements in career, if the laws make it legal, certain places allow for formal reference checks.
After this, the candidate is accepted. The company still maintains contact to make sure that the employee has been well integrated into the workplace.