Executive search

Executive search, Headhunting, Executive recruiting 

This is a search technique for top management candidates, in the first place, rare key specialists who may carry business technologies.

Classically, this is a search among successful managers, those who do not seek employment.

The Сustomer of this kind is very much clear that it wishes to entice away a figure of importance from another company.

Executive Search is a complicated and lasting method of search for best specialists who may not be attracted by ads and whose work is valued where they are currently employed, which is why the specialists are not usually interested in seeking a new job.

What is special about executive search is consultants moving into the area of donor companies to entice away a key figure.

Executive Search is a personnel selection technique ensuring maximum result achievability which makes it 100% likely to find a specialist required.

The Executive Search methods are to identify major market players, develop and agree search maps, define resource-providing companies.

The know-how used by KVADRAT advisors allow to select best candidates in line with Customer’s individual needs.

Stages of Executive Search as a consultancy project.

1. Target Setting.

• Obtain and study reliable information about the Customer’s company, terms and conditions of business, plans of development and corporate culture peculiarities.
• Define requirements for the candidate, describe tasks and targets.
• Develop a job description (detailed requirements for the candidate’s experience and education, job functions, powers, responsibility, remuneration package, career opportunities).
• Study the current business of the Customer and across the industry, discuss results, and get task solutions agreed.

Result for the Customer: make the market situation clearer; clarify the order deadlines and costs, requirements for the candidate. Perfect Candidate’s portrait.

2.  Search for Candidates

• Develop a search strategy for would-be candidates.
• Search for candidates in line with defined requirements.
• Assess candidates primarily, test them, and examine their business standing.
• Discuss with the Customer a long list of would-be candidates; select the best matches for the job.
• Interview candidates in detail including assessment and testing, selection and formation of those short-listed.

Result for the Customer: Opportunity to select best candidates for personal interviews.

3.  Assessment of Candidates.

• Make arrangements for the meeting with best candidates, for the negotiation and interview, forge an efficient dialogue.
• Make and convey to the Customer a confidential written report of the interviews including:  personal references, career and achievement description, test results, strengths and weaknesses in light of the Job Description, remuneration package, and motivation references.

Result for the Customer: Identify final preferences. 

4.  Choosing the finalist.

• Check the references, collect additional information about the candidate, check his or her business reputation.
• Whenever you wish, an in-depth check-up of the candidate may be carried out. Follow-up on the closing employment negotiation. Preparation of a Job Offer. Resolution of Disputes.

Result for the Customer: Final selection of the candidate, agreement on his or her terms of employment.

5.  Completion of Project

• Follow-up on the candidate’s dismissal from the previous job.
• Helping the candidate adapt to the Customer’s company, primary assessment of Candidate’s results.
• Obtain and provide feedback.

Result for the Customer: Candidate applicable for the Customer’s company. Primary Assessment of Results.

The Costs of Executive Search as a consultancy project is 25 - 30% of the annual income of the employed candidate. The final amount and terms of remuneration are subject to negotiation with the Customer, with the detailed technical specification for the selection of candidates due to be agreed.  

The guarantee for the gratuitous replacement is from 3 months to 1 year.