To help them build the leadership capital they need, many companies now turn to retained executive search firms. Simply put, executive search is a means of finding the high-caliber leaders in local, regional or international markets. The Value of Executive Search Executive search brings value to clients because the search consultant provides a company with domestic and worldwide knowledge of the managerial market within its industry, as well as a sophisticated network of relevant industry contacts to identify suitable candidates for each assignment. The search process involves working with clients in long-term partnerships to understand their businesses, organizations, inner culture and thinking. This means that a top search consultant can not only advise on a strategic hire, such as that of a chief executive officer, but also offer insight into the development and implementation of major strategic human resource programs.
Confidentiality is paramount.
Securing Key Players For companies looking for senior managers in an increasingly tight executive market, executive search may be the only way to secure the right mix of skills, experience and cultural compatibility. As companies expand into new markets and globalization becomes the key strategic focus, the need to identify executives with international experience and the ability to build market share in emerging economies is even more pressing. An employment agency works on behalf of the applicant. It looks for jobs for people. Those seeking employment come to the agency to see what positions companies may have open, so the pool of applicants for an opening is limited to those seeking new employment.