Search Companies Executive Lot Working Firm Money Recruitment

Companies spend a lot of time and money "recruiting" (searching for a new employee) and "hiring" (giving a job to) employees, particularly "executives" (the top leaders and managers in a company). Many companies "turn to" (decide to get help from) "executive search companies" for the recruitment of their most important "positions" (jobs).

Many executive search companies specialize in a particular "industry" or "field." For example, they might be expert headhunters for positions in "IT" (information technology) or the energy "sector" (field). Executive search firms have a lot of local, regional, and international "connections" (business relationships) and can "reach out to" (contact) individuals with the "requisite" (required; needed; necessary) skills and experience.

One of the "main" (primary; most important) advantages of working with an executive search firm instead of recruiting "candidates" (people who are being considered for a job) itself is that the executive search firm usually has more contacts within the industry, so it can find qualified candidates more quickly than the company could working alone. An executive search firm can also reach out to "prospective" (potential; possible) candidates without "disclosing" (revealing; showing) which company is hiring. This lets companies recruit individuals working for their competitors without attracting a lot of unwanted attention.

Most executive search companies are paid in one of two ways. They might be paid "on contingency," meaning that they receive a fee only if their candidate is hired. The fee might be a percentage of the candidate's salary in the first year. Other executive search companies work "on retainer," meaning that they receive a certain amount of money for their recruitment efforts, regardless of whether a candidate is hired.