3 Major Reasons for Using an Executive Search Firm for Your Next Hire

Posted by Avinash Mittal on November 12th, 2019

There are a lot of reasons why companies still hesitate to engage with executive search firms for hiring leadership talent. It can be anything, they may think they can hire a leader on their own, or they don’t want to pay the cost of retaining a firm, or they’re just skeptical about the process; but the fact is these companies are ultimately missing out on an opportunity of hiring the best leader for their organization.

Let’s find out the major reasons for using an executive search consultant in Delhi for filling major leadership roles. Here are the advantages:

Expertise

Many companies believe that they have the resources and skills and they can hire an executive on their own. However, merely posting a job opening on your website won’t be enough to hire a talented executive.

Top executives don’t really look at job boards for new openings. They’re employed, passive, and busy leaders who tend to find new job opportunities through their network, connections, and referrals.

So if you ask your HR or another employee to reach out to these executives, they’re most likely not getting a response from them. Executive search consultants, on the other hand, have built up a connection network with top executives over the years and they have access to these quite inaccessible people and their networks.

Save Time and Money

Reaching out and hiring the top leaders is a strategic, and time-consuming task which is often performed by multiple people.

Having employees who don’t have enough experience with hiring executives will waste a lot of time and energy that can be used more effectively to work on other projects. Also, it increases the chance of hiring the wrong person for the position. The costs associated with hiring the wrong executive are extremely high, and turnover can even bring down employee morale and productivity. Thus, the cost of hiring an executive search consultant turns out to be more cost-effective in the long run.

Interview the Best of the Best

Posting an ad or a requirement for a senior level position on your company’s website will bombard you with hundreds of applicants, but mostly with candidates who are not qualified for the role. Also, it can take a lot of time to sort through these applications, only to end up finding that none of the applicants is fit for the position.

Thus, Executive search consultants in Delhi take all of the legwork out of recruiting and pre-qualifying candidates. Instead of sorting out and interviewing dozens of candidates, an executive search firm narrows down the candidate pool down to a manageable number including the best of the best. This process helps to streamline the interview process and saves a lot of time.