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Advantages of Using an Executive Search Firm

The company must be able to effectively manage their HR recruitment process. The process must be cost – and time efficient. An efficient hiring process won’t just lower the cost of hiring workers, but also decrease the rate of turnover.
The process of recruiting will result in hiring employees who have the necessary skills and is in line with the values and culture of the company. Additionally the process should end in the hiring of the best performers. This is crucial as per the research of McKinsey & Co. top performers can be 400% better at their job compare to average performers.

When it comes to roles that require high-level complexity such as IT managers or software developers, the top performers were a staggering 880 percent more efficient! This is a testament to the importance of a successful recruitment process to meet the staff’s needs.

Have you ever heard that the expense of a poor hire, particularly at the top level, is about £50,000?

The cost includes:

*Lower productivity
*Advertising an upcoming position
*Hours are spent screening every applicant who applies for the job
*Interviewing candidates who might be interested in the job
*Shortlisting and reinterviewing candidates for the post.

  • Conducting background checks
    *And much more

Companies that interview and screen each candidate for positions internally could get hundreds of resumes to fill an open position. Screening every candidate takes an extensive quantity of time. Let’s do a little math here:

It is necessary to recruit 10 employees.
There are around 30 CVs per post, which is 300 CVs.
You take 5 minutes to review every CV and cover letter
This is more than 25 hours of reviewing and screening employees.

The most shocking aspect — 78% of recruiters from within said that half of the resumes they received came from non-qualified applicants.

Instead of spending hours searching for candidates who are qualified to schedule interviews, think about employing an executive search recruitment agency. They will reduce the burden that comes with recruiting and, in turn, HR professionals at your firm can focus their efforts on performing other essential tasks, including implementing effective policies to cut down on the amount of turnover. The headhunter will seek out the most qualified candidate for your company and give you the most suitable candidates for the position you are looking to fill.

In the case of headhunting, organizations of all sizes could gain from using CFO headhunters. Here are some ways your company can benefit from getting the help of a firm that specialises in recruiting professionals.

  1. Rapidly fill vacancies

An internal hiring process could cause a decrease in revenue. This is due to vacant positions negatively impact the productivity of employees. Many executives mistakenly believe that having a job which is vacant for a long time can lead to labour cost savings.

The reality is that the economic cost to vacant positions like IT and sales could be up to the equivalent of £5,000 per day.

Every day a position is vacant is a missed chance which cannot be recouped. The cost of unfilled jobs is around £18 millions for the British economy each year.

Additionally, it is important to know that qualified candidates are on the market for only a short duration. According to research conducted from Office Vibe, the best candidates are available for around 10 days. This means that you must find candidates quickly, especially for positions which require technical expertise.

Another disadvantage of unfilled jobs for companies is that they put an additional burden on staff. Staff must assume additional duties until the job is filled. In addition, the excessive hours could lead to employee burning out and issues with productivity.

Headhunting companies with experience are focused on attracting the top talent within the shortest amount of time. They know how to locate qualified applicants to fill positions in short time. The companies will interview candidates in large numbers and identify those who are suitable to fill the position.

  1. Hire experienced staff

Finding the most qualified candidates for a job is not just lengthy but expensive process. HR managers must evaluate the job’s requirements, conduct an internal audit of talent, and find the perfect candidate for the job. These tasks place an additional stress on human resource professionals.

The time and effort spent on recruiting employees is wasted when unexperienced candidates are selected to fill the positions. Costs of hiring incorrect people will be costly for companies due to the additional training needed to complete the duties.

Engaging the assistance from an executive search company increases the likelihood of finding the perfect candidate to fill the position. A reputable executive search company will search for talented people to join your business. Engaging an executive search firm will save savings in time and also cost savings when compared to internal recruitment efforts.

  1. Recruit Passive Candidates

Passive candidates are those who do not actively seek out opportunities, because they already hold an executive position in an established company. Businesses must actively seek out those who are passive, but it requires time, energy as well as resources and expertise. They need to put their efforts to convince a passive candidate to leave and join them.

It’s more beneficial to employ an executive search firm to find top-ranked people who are not actively seeking employment. Inform them of the chance, and encourage them to join your company. Businesses can put their faith in the executive search company to screen candidates, active or passive, and schedule meetings with the company.

  1. Fill-in roles that require technical skills

Employers with specific requirements in terms of technology for a job might have problems in securing candidates who meet the requirements. If they go through an executive recruitment agency they will have higher chances of finding a qualified candidate with less time.

An executive search company will identify candidates who are suitable for positions that require technical expertise and assist the business to fill the post.

  1. Make sure that there is transparency in the recruitment Process

Another major reason to employ an executive-search firm in order to fill open post is that it results in an open hiring process. This can reduce the risk that your business could be held responsible for bias in the hiring process.

Businesses that operate in the UK must make sure that the hiring process adheres to the equal opportunity law in accordance with the Equality Act 2010. Every person should be given the same chance of being hired without discrimination or bias in the form one or more of these.

Pregnancy and Maternity
Marital Status

Businesses that do not comply with the EOC law could be required be required to make payments of millions of dollars to victims. This could damage their image and reduce their profits.

Professional search firms consider each application equally. Every applicant is not rejected because of the protected qualities that are mentioned earlier. They adhere to a strict process to guarantee equal opportunity during the selection process. Thus, seeking the help from an executive search firm to cover staff shortages can help avoid liabilities caused by discrimination in the process of hiring.

  1. Do a thorough background check

A reputable executive search company will schedule the best candidates for interviews following a extensive background. The headhunting firm will examine the information on the resume to confirm that it is correct and free of any errors in fact.

The executive search firm will conduct an examination of background to confirm the educational qualifications listed on the resume. Furthermore, the business will verify information regarding the previous work experience that is mentioned in the application. This is a vital service, as a study discovered that nearly 46 percent of resumes submitted to be considered for a position had some kind of incorrect details. In addition, more than 85 percent employers discovered that applicants had falsified their resumes or applications according to a 2017 recruitment screen benchmark study.

Background checks not only guarantee that the best person is selected but can also avoid problems with liability for certain firms. For example an organization that provides public transportation is liable when it employs an employee who has had numerous driving under the influence (DUI) violations or unsafe track record. Employing an experienced headhunting company can help avoid costly lawsuits because of not conducting an investigation into the background of those hiring.

  1. Protect the brand from damage Image

Depending on internal staff for hiring generally results in a slowing of hiring. According to LinkedIn 2017’s global survey, the process of hiring can be as long as four months.Apart from the cost that come with a stretched hiring procedures, like reduced productivity, more stress on employees, and a decrease in profits, it could cause damage to your image as a business.


If a job is not filled for a long period of time and appears often in the search results on job websites this will create an unflattering image of the business. Potential employees may conclude that the workplace is not an appealing place to work.

A positive image of the company is crucial for effective hiring. It is possible to miss the chance to hire top candidates because of a negative corporate image. It could reduce the quality of applications for the job.

In this digital age of review and social media websites, your business can’t afford to have a lengthy process of hiring. The lengthy hiring process can be a major disappointment for prospective applicants who are applying for jobs within the company. They might make a negative post on reviews on job sites or social media sites that could harm the chance of attracting the best talent.

Utilizing the services from a professional headhunting agency can ensure that you swiftly locate the ideal person for the job. This will ensure that there is no damage to your image as a business and increase your chances of obtaining highly skilled and skilled individuals.
Other Benefits of Employing an Executive Search Agency

There are other advantages of hiring an executive recruitment agency for all of your hiring requirements:

There’s no need to sort through endless applications for jobs.
There is no need to plan interviews, but you should prepare yourself for them and conduct them.
It is not necessary to address administrative issues, such as communication with prospective candidates, such as providing information to unsuccessful candidates, and providing feedback and confirmation of information regarding the candidate like qualifications and references
Reduces the cost of posting job ads online on various platforms
Reduces the impact on employees in-house who are able to continue fulfilling their duties, roles and responsibilities with greater efficiency
Reduces the cost of overtime associated with hiring an in-house team to recruit prospective candidates for the job in busy times
Eliminates the possibility of cost like low performance, re-hiring and even training
Reduces the cost of training, since they already possess the knowledge and qualifications required to be employed.


Businesses that don’t hire by using an executive-search firm run the risk of slowing down the hiring process, and hiring the incorrect person to fill the position. If employers hire through an executive recruitment company, they’ll gain since the candidate will be able manage assignments, projects or projects as well as other tasks in a speedy way. In short, an executive recruiting agency can help businesses make the “right decision” each time.

Employing an executive search company can cut down on the time spent in headhunting. A specialist firm will conduct the process of searching in total confidential and with confidence. The company’s services will ensure that the ideal candidate is quickly hired. In the end, the business (and the employees) won’t be burdened with the cost of having the job unfilled for a long period of time.