Finding top talent is difficult which is why companies hire an executive search firm to help them search for potential executive candidates. Executive position is one of the most important positions in the companies as they are one of the people that hold great power in making decisions and in running the organization. Their responsibilities may vary but it is important to have the right person in the executive position since they guide and create a plan for the organization growth.
Philippines, known as one of the world’s fastest growing outsourcing and offshoring industries, is increasing its number of executive search firms nowadays. With the fast revolution of technology, it becomes an important factor in searching specifically in finding potential and talented executives. Thus, together with low barrier to entry, startup business such as executive search firms can be easily established in the Philippines. Now, there are more than 80 executive search firms in the human resource industry and there are still firms that are not yet registered at Security of Exchange Commission (SEC).
So what exactly is executive search firm?
Executive Search Firm
To brief what is an executive search firm, executive search firms are firms which offer recruitment service by exploring and looking for potential executive candidates to clients. Specifically, agents of executive search could utilize their personal contacts for potential candidate search since they have access to a global network of contacts.
Reasons to Look for an Executive Search Firm
One of the main reasons that companies look for executive search firms is because they lack internal resources and networks. If you are experiencing this kind of situation, you may want to look for an executive search firm. If you are still not convinced to look for one, the following are three basic out of numerous advantages when hiring an executive search firm:
As aforementioned, one of the main reasons that companies look for executive search firm is because lack of network. Executive search firms have already built connections with top executives. Specifically, firms specialized in recruiting services; thus, agents of executive search maximize their personal contacts in the industry to find someone who is potential for executive position. In addition, since searching for potential executives is their specializations, they can guarantee that candidates would satisfy your requirements. With the fast revolution of technology, new skills are needed in the industry nowadays, executive search firms has the reach and expertise needed to help in guiding the companies to define the new roles that is needed in the industry.
2. Save Time
You would want to hire an executive search firm since it could help you save time and money. When searching for potential executives, it is required for companies to spend time in searching since you need to look for the right fit and hiring an executive search firm could do that for you. Once the candidate is hired, there are training that he/she needs to undergo and with executive search firm, they could organize and customize trainings or workshops that is fitted for the candidate since they know what type of training the candidate needs and the skills that are needed to improve on. In conclusion, hiring an executive search firm improves efficiency of the company since the company could refocus more on other core business functions and not use their energy on looking and recruiting executives if they do not have experience.
Confidentiality is one of the factors that companies value most since this helps in building and developing trust between two parties. With this, you would want to hire an executive search firm since they could maintain the privacy of the company while searching for potential executive candidates. Specifically, executive search firm could help in looking for potential candidate when one of the executives is under-performing or not contributing to the organization.
Executive position is one of the most important positions in the company; thus, it is important for you to find the best executive search firm. Springboard HR Technologies is an executive search firm which offer recruitment services to help your company have the perfect executive candidate. Not only with executive search, Springboard also provides HR services and solutions to help your company achieve excellence.
For more information, kindly visit www.springboard.com.ph