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executivesearch RSS feed Tag: executivesearch

Headhunting Gets Its Own Simon Cowell

by
John Zappe
Nov 14, 2011, 4:14 pm ET

Bravo is airing a one-hour special tonight that may do for executive headhunting what Simon Cowell did for talent shows.

In the space of 60 minutes (commercials included), Wendy Doulton dispenses such bits of advice to her six-figure job candidates as “You need to lose the cleavage,” and “You make me feel like taking a nap.”

Born in the U.S., educated in London, Doulton’s blunt, unvarnished advice is delivered, in a clipped British accent. “A résumé should be like a skirt,” she declares. “Long enough to cover the basics, short enough to keep them interested.” keep reading…

Got Resume? Source Jobs to Match

by
John Zappe
Feb 18, 2011, 5:33 pm ET

There’s all sorts of tools for sourcing candidates. Much beloved are the resume search tools that leverage the search engines and scour pay and free sites to find resumes matching whatever criteria you select.

But when it comes to working the other direction — that is, sourcing placements and req –, the choices are pretty limited.

Now along comes BrightMove with a tool that turns resume sourcing on its head. Instead of searching for candidates to match a req, BrightMatch goes out and looks for job postings to match candidates you have in house.

How an agency might use BrightMatch is as obvious as it seems.

Say you have a particularly great candidate with unique skills, but no current req in house. With BrightMatch you can search thousands of corporate websites — more than 20,000, says BrightMove COO Mike Brandt — to see if there’s a match.

Find one, pitch the candidate, close the deal. keep reading…

Stop Making Bad Tacos — or How to Establish an Internal Executive Search Function

by
Lou Adler
Jan 21, 2011, 5:13 am ET

As the hiring recovery gains momentum, some older recruiting strategies are coming back in vogue. One that seems to be high on many HR executives’ action plans is the need to develop an internal executive search capability within the corporate recruiting department. While the idea offers great merit, the approach many companies take is hiring recruiters or researchers who have worked in retained executive search and have them implement their personal “best practices.”

In my opinion, the likelihood this approach will work is problematic at best, idiotic at worst. keep reading…

True Cost of Ownership: Contingent vs. Retained

by
Geoff Votta
Apr 28, 2010, 5:52 am ET

Search is expensive, exponentially so relative to the level of talent that you are seeking. A failed search is expensive; even more exponential is that cost relative to its particular need.

Let’s talk through this one. You just made a hire. For the sake of round numbers and because it is too early in my day for me to break out my Ti 89, let’s call this person a manager making $100,000 plus 15% target bonus.

Since this manager is a “specialist” and you are a busy HR leader who doesn’t have the time or resources to conduct this search internally, you called in a headhunter. And by the way, I love this term. It is so aggressive, and whenever someone asks me “oh, so you are a headhunter?” I beam with pride. I have the image of some primitive tribal warrior with shrunken heads strung around his neck. But I digress.

When you were choosing to use a third party for this search, how did you evaluate that talent? keep reading…

Analyzing Executive Search

by
Elaine Page
Apr 14, 2010, 5:28 am ET

In our experience at Dun & Bradstreet, rarely has either recruitment outsourcing or executive search been managed well for the long haul. I’m writing about this in more detail in the next (May) issue of the Journal of Corporate Recruiting Leadership.

For now, a brief overview.

We took a hard look at the way in which we sourced, evaluated, and recruited game-changing executive talent. We questioned which processes should stay firmly in our hands and which could scale cost-effectively through a 3rd party. Our Chairman, Steve Alesio, and our new CEO, Sara Mathew, were open to new ways of not only finding, but also evaluating executive talent. They were willing to admit that our track record with executive search firms was spotty, at best, and that a complete reengineering of the acquisition model for our most senior leaders was in order. keep reading…

Reports Evidence Job Growth About to Begin

by
John Zappe
Mar 9, 2010, 5:08 am ET

manpower“Job growth is about to begin,” The Conference Board declared Monday. In the second quarter, says Manpower. “We are already seeing evidence,” insists the Association of Executive Search Consultants.

Even coming upon the heels of a robust labor report last week (that fueled a Wall Street mini-rally) these pronouncements probably won’t do much for the pessimists, but for recruiters, consider the collective news a call to reveille. keep reading…

Executive Hiring Stalled, or the Lull Before the Storm?

by
Steven Landberg
Feb 8, 2010, 1:29 pm ET

A just-completed survey of more than 600 executives indicates that although executive hiring is selectively increasing, those increases have stalled since September 2009 and further growth in hiring is not predicted to be strong until 2011 and beyond for almost half the organizations. keep reading…

Our Internal Executive Search Function Made Us a True Business Partner

by
Mat Apodaca
Dec 23, 2009, 12:02 pm ET

money spentMy company, Lockton, is a sales-led company that has a very intriguing setup.  Salespeople at Lockton are very well-regarded, and an office can be built around a highly successful one.

Our model is a high-risk, high-reward type of opportunity that offers great financial success once you reach a certain level. Traditionally HR has not been involved at all in the sourcing and recruitment of these individuals. That all changed when in fall 2008 Lockton engaged in a sales recruiting experiment that I was fortunate enough to get involved with. keep reading…

An Action Plan for Moving Executive Search Inside Corporations

by
Dr. John Sullivan
Jul 27, 2009, 5:38 am ET

For many organizations the time is right to build capability within the talent acquisition function to recruit executive level talent. Globalization combined with aging leadership demographics imply that a majority of organizations will need to recruit a record number of external leadership candidates in years to come, the cost of which would be prohibitive if traditional third party executive recruiters were widely used. If your organization is contemplating bringing executive search in-house, you need to develop a plan that covers several key elements. Those elements include assessing various executive recruiting models, making the business case to senior leaders, identifying potential problems, and putting together metrics to measure/demonstrate the effectiveness of your executive search function. keep reading…

The Benefits of Internal Executive Search and Why Now Is the Perfect Time to Make the Move

by
Dr. John Sullivan
Jul 20, 2009, 5:16 am ET

Now is the perfect time for organizations to bring executive search capability in-house. While the business case for this strategic shift has been clear for some time, ongoing cost-containment efforts combined with increasing demand for strategic staffing make now the perfect time to execute the shift and build out the tools/approaches needed.

In many organizations, executive search fees consume double-digit portions of the recruiting budget, yet produce results only 45% of the time. Few budget items are more costly and ineffective, but the motivations behind this shift are not solely monetary. Executing executive searches internally dramatically increases the business impact of the talent acquisition function and raises the visibility of talent acquisition as a key contributor to business performance significantly.

After all, what else in recruiting could possibly impact business results more than bringing in a high-quality, innovative executive capable of delivering market-changing increases in efficiency and effectiveness?

The increase in “face time” between talent acquisition and the executive committee further increases the function’s ability to sell the vision of the organization and sustain operations when budgets get tight. In the following section, you will find numerous arguments supporting the shift.

When you add up all the positive benefits, it’s hard to argue that there will be a better time to explore this strategic move. keep reading…

A Job Fair With a Sports Playbook And Hollywood Hype

by
John Zappe
Apr 10, 2009, 3:44 pm ET

Think there’s not much about recruiting you haven’t seen or heard? How about a NFL-style draft of experienced corporate leaders and MBAs?

That’s what a small group in Washington State is proposing and for no less a location than New York City’s Radio City Music Hall, where the National Football League draft is conducted.

Here’s the game plan, according to Corporate Draft and its organizers, Nolan Wheeler and Mike Gazdag:

Fifty companies are to pay $30k each to have a crack at 2,000 fully vetted veteran senior corporate managers and executives and 500 MBAs. There’s to be two days of “meet and greet” followed by two days of draft picks, during which the participating companies get to “draft” one of the hopefuls sitting in the Music Hall audience.

The companies, who also are present in the Music Hall, get five minutes to make a pick. When they do, they telephone their selection to the draft staff which delivers a custom stitched jersey to the master of ceremonies while the lucky job seeker is escorted to the stage as their 30 second video backgrounder is shown to the assemblage. keep reading…

The End of Transactional Executive Search

by
Fernando Delgado
Mar 9, 2009, 12:16 pm ET

It’s true! Although some of us have been preaching this for years, it’s amazing how some top executive search firms have buried their heads in the sand and continue doing business as usual.

keep reading…

Why Aren’t Search Firms Out of Business?

by
Harry Griendling
Nov 4, 2008, 5:22 am ET

Given that:

  • Corporate recruiters have access to tens of thousands of active candidates via job boards and specialized career sites.
  • Corporate recruiters have access to information about tens of thousands of inactive candidates via a variety of Web tools ranging from Google to ZoomInfo to LinkedIn.
  • Thousands of corporate recruiters have been certified in advanced sourcing techniques from firms like AIRS and the Adler Group.
  • ATS and hiring management systems not only house customized resume databases, but they also enable recruitment processes to be streamlined so that recruiters are able to spend less time on operational details and more time delivering value-added services to hiring managers.
  • Once the sole resource of search firms, research, and sourcing firms provide rapid candidate generation services to corporate recruiters at affordable prices.

…Why aren’t search firms out of business?

keep reading…

Korn/Ferry: A “Clean Beat”

by
Todd Raphael
Sep 9, 2008, 5:33 pm ET

Korn/Ferry’s doing better than expected, results R.W. Baird analyst Mark Marcon calls “a clean beat” of expectations. The stock was up sharply Tuesday.

Some thoughts in an email from Marcon on the world’s largest executive search company.

Average fee/search increased a very strong 15%.

Growth is clearly decelerating — from +26% in FQ2, +22% in FQ3, +16% in FQ4.

Futurestep also had a solid quarter, and continues to make good progress of improving its operating margin. Revenue increased 22% and operating margin expanded from 8.1% to 9.2%. (Futurestep is the RPO division; it’s about 14% of the company.)

North America and EMEA, two largest segments, were significantly better than expected, while Asia-Pac was disappointing. The only real negative was Asia-Pac.

South America performed well, but is small.

Korn/Ferry’s top executives also talked about the business, the economy in general, and more, during a conference call.

Bringing Outside Search In

by
Todd Raphael
Jun 11, 2008, 11:25 am ET

The biotech firm Invitrogen has formed a new in-house team with the mandate of filling at least 10 executive (director and above) searches this year that would have gone to an outside, retained search firm. It hopes to save a half-mil in search fees (an initiative that Invitrogen’s James Seetoo goes into more detail about in the July Journal).

Here’s a look at Seetoo’s “SWOT” chart when it comes to moving search in.

keep reading…

A Tale of Two Searches

by
Lou Adler
Jan 4, 2008

“It was the best of times, it was the worst of times…”

This past quarter, I conducted two senior-level management searches. Each one stands out as a shining example of what to do and what not to do. Understanding the differences can double your monthly placement rate in about half the time. Before reading the details, you should benchmark your own recruiting skills using this 10-Factor Recruiter diagnostic assessment to get a sense of what it takes to be a great recruiter.

keep reading…

10 Ways to Supercharge Your Search for Candidates

by
Krista Bradford
Dec 4, 2007

The Merriam-Webster dictionary defines research as a “careful or diligent search,” a “studious inquiry or examination,” and “the collecting of information about a particular subject.” Why is it, then, that most executive search and recruiting professionals so often think of research as mere “name generation?” “Name gen” is rarely careful, diligent, or studious. More often, it involves a relatively haphazard scooping up of names and titles, willy-nilly. And that leads to a “kiss every frog” approach to recruiting in order to find your prince.

As the execution engine of executive search, your research can be either a Ferrari or an Edsel, a car that failed spectacularly due to poor workmanship and a failure to understand the American consumer. The Ferrari is Human Capital Intelligence: research that, through analysis, is transformed into actionable intelligence to provide your search with a competitive advantage. When you embed intelligence into virtually every step of your search process, you dramatically improve search performance. I’m not suggesting that you work harder. I am suggesting that by doing the following 10 steps, you can work smarter so you don’t have to work as hard.

keep reading…

A Cure for the Sounds of Silence

by
Frank Risalvato, CPC
Jun 20, 2007

Two recruiters called me last month to offer recruiting assistance on a particular project they heard my company was working on. This was a routine search in the $50,000 to $60,000 range that we had filled hundreds of times before. In this particular instance, however, we were caught in a backlog.

The recruiters were right about the period of time being longer than usual. Since both were esteemed individuals I’ve known and respected for well over 10 years, I decided to invest about a half hour with each to fully explain the search.

keep reading…