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In today’s fast-paced environment, it is often difficult for companies to recruit executive personnel – they often need to rely on third party organizations such as executive placement agencies to help introduce skilled executive staff to potential companies. What is an executive placement agency? In its simplest terms, an executive placement agency is a type of company specializing in recruiting executive personnel for companies in a vast range of industries. But this can be a much more complex venture than simply finding a potential staff member for a company. Let us look at a few areas that executive placement agencies may excel in. Personal contacts Most executive placement agencies spend a majority of their time creating networks, building alliances and long term relationships across numerous industries or fields of specialty. Their main reason for doing this is to fully integrate themselves into the industries, to learn their nuances, their needs, their specific staff requirements, specific knowledge or skill sets. Involvement throughout hiring process Unlike some hiring agencies, executive placement agencies will continue to use a hands-on approach throughout the entire hiring process, from conducting detailed interviews to scanning potential candidates (linking skills sets, specific knowledge, personalities and attributes of candidates with companies). As these are senior level and executive positions, the process to find the right candidates becomes all the more complex, requiring more time and involvement to ensure that the right person is found – from a company perspective, there is a lot of money, influence, responsibility and accountability associated with any executive position. An executive placement agency would understand this impact to a company and would work with them to minimize the risk. The suitability of a candidate is often paramount and the more knowledge and experience executive placement agencies have within a certain field of knowledge, the better prepared they can be to ensure only acceptable matches are put forth. Why choose executive placement agencies? There are key reasons that a company may elect to use a third party or executive placement agency—including lack of knowledge or lack or resources. Some companies may not have strong internal human resources departments with the knowledge and skill set to recruit executive level clients. In the second instance, resources may refer to networks, evaluation skills, time, etc. Executive placement agencies focus on one thing – recruiting executive personnel. They excel at building the skillsets required to do this effectively. Executive placement agencies don’t have to worry about the stigma of recruiting from perceived competitors and therefore can choose candidates for a company based on skills, knowledge and fit, qualifications that may otherwise be off limits due to connections within other companies. In most relationships, another benefit of hiring executive placement agencies is that they are only paid upon the successful recruitment and/or hiring of an executive candidate. Executive placement agencies have typically been used by big businesses, but it is becoming more common for smaller companies to note the benefits of paying to have a third party address the hiring process for top level jobs. Executives Unlimited, one of the leading executive recruiting and placement agencies, provides services executive search, and non-profit executive search services for various industries. To know more about executive search, you may visit Wikipedia.
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