A question that we come across a lot is, “Why would I want to outsource my entire executive search or just certain portions to an Best Executive Search Firm in Canada?” Well, we feel that is time to answer this question. Here is a list of 3 signs that would indicate that it is not time to go for one of the top Executive Search Firms in Canada.
1. Lack Of Experience Or The Right Experience In Your Recruiting Team
Carrying out an executive search s a whole different game than filing a normal job vacancy and chances are that your company do not have the right expertise or experience of carrying out an executive search. Many companies justify in-house executive hiring by stating that they do not enough executive searches to justify hiring an executive search recruiting team. But you need to understand that the executive search is different from recruiting active candidates via inbound recruiting tools, like job postings.
The skills needed to engage, attract, and convert passive talent at the executive level are completely different than that used for recruiting an individual contributor or a manager. With executive search, the goal is to form a level of partnership with the candidate, where both the parties that is the company and the candidate’s goals are taken into considerations. To find the very best executive talent, an entirely new thought processes is required.
2. Lack Of Quality Hires
If your in-house recruiting team is not able to attract the best candidates to your company, it is a clear sign that it is time to utilize an executive recruiter in numerous ways. There could be a lot of pitfalls that a recruitment firm can help you fix. For example, you may not be attracting the talent due to marketing messaging issues or the existing vetting process may not be adequate or your recruiting team is solely relying on the candidates that are reaching out to them.
Running an audit of your hiring process from time to time can be a good way to know when it is time to go for external help rather than getting stuck in an endless loop which can lead to wastage of both time and money. The key is to diagnose the problem thoroughly and then work towards designing the solution in which an external executive search partner can play a key role.
3. Too Much Turnover
The key to good recruitment is not only hiring a candidate but also retaining them. Hiring a wrong candidate is even worse than hiring no candidate at all. By correctly identifying the root cause of turnover is key to finding the solution. Engaging an external executive search partner to conduct exit interviews can give you a fair idea of what is going wrong and what needs to be fixed. Also an expert firm can help you hire the right candidates at the first place whose goals would coincide with the company’s goals and thus would help achieve a lower turnover rate in the long run.