Why most organisations engage a recruitment partner to handle Executive Recruitment

Every hiring moment is an opportunity to transform your business - making the right executive appointment can have an incredible impact on the future of your organisation.

It’s no secret that making the wrong hiring decisions can be costly.

Estimates of the cost of hiring the wrong person range from 30 to 150% of their salary. Even at 30%, that’s a mistake to be avoided. Getting executive recruitment right is worth investing in.

Here are four reasons most organisations engage an executive recruiter:

1. Reach, technology resources

Engaging and attracting top talent is a recruiter’s day job. And hopefully, something they are passionate about. 

Recruiters spend extensive time and effort cultivating long-term relationships, building and nurturing their network. This network is the starting point for promoting your opportunity and includes both a talent database and their social media networks and reach.

Specialist recruitment businesses also have access to specific technology, networks, membership organisations and specialist job boards to reach specific audiences.

Ideally your recruitment partner also has dedicated copywriting resources in their team, so they can craft compelling recruitment marketing and advertising content to promote your role.

2. Time

A robust, effective recruitment process involves a significant investment of time to identify, evaluate, screen and interview a large number of candidates.

When you’re making an important hiring decision, you want to select from the best possible pool of top quality talent. Do you want to hire the best person in a pool of 100-150 candidates - or the best for a small pool of 5?

Evaluating and interviewing candidates takes time. Most leaders don’t have time to evaluate a large pool of talent and compare large sets of candidate data.

Because this is a recruiter’s ‘day job’, they not only have more time to dedicate to your recruitment process, they’ll be more efficient at this process.

3. Expertise

Do you know where to find the talent you’re looking for?

More often than not, the best talent is not actively seeking their next role, which means they’re not looking on job boards or LinkedIn.

Unless your organisation has the expertise and resources internally to tap into passive talent pools (and approach them appropriately), you’ll need a recruitment partner to do this for you.

4. Guarantee

Recruitment is a professional service. Your recruitment partner will provide a replacement guarantee ie an assurance that the person you hire fits the brief, is engaged with your organisation and the role - and will stay.

Standard recruitment guarantees for executive placements are usually 3 to 6 months. You can read more about recruitment guarantees in this article. Of course when you manage your executive recruitment directly, there is no guarantee.