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Your
Executive
Search Partners |
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Global Executive Search Solutions |
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| PROS and CONS of various Recruiting Services |
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| Source of Recruitment |
CON |
PRO |
| Family & Friends |
- Does the person really have the required qualifications or experience?
- Potentially huge problem if person doesn't work out.
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- Known 'Risk'-factor
- Person is 'trusted'
- No cost
- Suitable for lower to mid-level positions.
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| Universities & Alumni's |
- Does the person really have the required qualifications or experience?
- Due to same background (education), no 'outside' inputs or experience.
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- Person & educational qualification is known.
- Usually no cost
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| Social Networks |
- Does the person really have the required qualifications or experience?
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| Ads & Job-Boards |
- Does the person really have the required qualifications or experience?
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| Contingency Search |
- Contingency 'Search'-company working for candidates (not the client)
- Due to level of positions recruiting for, usually no contacts with high-level executives.
- Source of candidates often by harvesting resumes from job-boards, job-banks and want-ads.
- Typically 'active' candidates only. (Candidates actively looking for jobs)
- Candidates usually non-exclusive (several agencies sending the same candidates' resumes to several companies)
- Resumes submitted once received by the agency.
- Non-exclusive for any clients (candidates offered to several companies ..)
- Motivation to work for specific client = low (due to non-exclusive)
- Worldwide contacts: typically no
- Typical guarantee-period 30 days
- Do the people whose resumes you are received really have the required qualifications or experience?
- Cost (approx) 10-15% of first years' compensation (= not really a 'Search' )
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- Typically junior/lower to mid-level positions.
- Higher cost than Ads, but lower than retained.
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| Retained Search |
- Cost (approx) 25-33%% of first years' compensation.
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- Retained Executive Search firm working for client (company) exclusively.
- Typically Director-level and above positions, i.e. including V-level (VP, EVP, SVP) and C-levels (CEO, CFO, COO, CMO s.o.) + Board-Positions.
- Due to level of positions recruiting for, usually high-level contacts.
- Active Search in client-specified industries, geographic areas and other specific requirements.
- Active Search for 'passive' candidates (candidates not looking at want-ads, job-boards & not sending out their resumes) = best People not looking!
- Exclusive presentation of candidates (short-listed candidates presented only to the client)
- Qualified candidates are interviewed face-to-face
- Only candidates matching job-descriptions searched and presented on shortlists (frees clients' capacity and time for their core-business).
- Exclusively working for client. (high Motivation). The reputation depends on each successful search.
- Global offices (YES Partner specific)
- Each search managed from the beginning to the end by the 'lead' office (YES Partner specific)
- Typical guarantee period = 90 days.
- Only high-caliber candidates presented.
- Apart from 'common' positions, works also for 'difficult-to-fill' positions.
- Search carried out within the clients' processes and time scale (as a Partner)
- No up-front payment, i.e. 1.payment due only at time of shortlist. (YES Partner specific)
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