Here is the process of hiring followed by the best executive search firms in Canada including top executive search firms in Canada. The process of hiring is general in nature and is followed by all types of search firms including Life Science search firms. In-fact, this process is globally followed and yields better executive over other methods.
Engaging The Retained Firm
Global executive search firms in Canada work by retainer and exclusive contract. The standard retained search contract stipulates that the firm serves as the exclusive representative of the search for candidates. It also defines engagement timing, off-limits agreements, and many other issues relevant to the particular assignment.
Creating Job Position And Candidate Specifications
The firm which is hiring drafts a description of the position, detailing its reporting relationships, responsibilities, and objectives. The candidate’s specification details core competencies, preferred experience, and soft skills, the personal qualities that sought in the ideal candidate. The document serves as an elixir, defining all the requirements of the role, preventing searches from veering off course. Once the client approves the document.
Setting Research Strategy And Conducting Research
The strategy considers the level of comparable roles as well as other key data points: office location, corporate culture, and each company’s ranking. Companies that are off-limits are also shortlisted (for various reasons) out of which the firm will not recruit due to sensitive client relationships or because the firm has client blockage.
Interviewing And Pre-Referencing Top Prospects
The search consultant evaluates prospective candidates in a deep-dive interview that steps through the career history. The executive search partner evaluates the candidate against the candidate specification through in-depth, in-person or video-conference interviews. Search firms inquire candidates whenever possible to verify past performance and essential soft skills. Those who are not a fit are removed from the checklist.
Scheduling Client Interviews And Checking References
Client interviews of the candidates scheduled to winnow selection down the two or three finalists. Those that are eliminated are removed from the checklist.The search team checks the candidate’s references, contacting the contacts provided by the candidate as well as other sources available to the firm. The team makes every effort to ensure discretion and confidentiality of the process. Verification of employment is often performed by third-party services. It is the consultant’s responsibility to ensure that such checks have been conducted to ensure credibility of the newly hired person.
Extending The Offer And Closing The Candidate And Search
When a final candidate is selected, the search consultant works closely with the client and candidate to position the offer with the candidate and to negotiate a package that is agreeable to both parties. The search team closes the candidate when the executive accepts the offer and agrees to join the company.