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Finding potential employees that can propel your organisation forward can be a challenge. It can be really tough if you don’t have the experience, time or the necessary resources to effectively recruit and hire the right individual for the job. That’s where executive search firms can come into play. 

If you are struggling to hire the right candidate for a senior or specialist position, this guide is for you. We’ll explore nine signs that your business needs help with executive search and discuss how an executive search firm can provide you with the solutions to attract highly-qualified candidates.

 

Nine clear signs you need help searching for an executive

Whether you’re replacing an underperforming employee, or you’re struggling to find a talented individual who can take your business to the next level, here are nine signs it’s time to call in the experts.

 

1. You don’t have the time or energy

When running a business, your time needs to be well planned. This allows you to manage the day-to-day operations and ensure your organisation runs efficiently. However, employers often struggle with juggling operational tasks and hiring a new senior-level candidate - especially when HR teams are only a handful of people. Having an executive search firm assist you with the recruitment process means you can stay focused on the business needs that matter most, and rest assured that your chosen search partner is finding you the right individual for the job.

Did you know we’ve spent years perfecting the hiring process for our clients? We can help improve the engagement of your candidates throughout the recruitment process and, within 24 hours of a briefing call, we can also produce a proposal that highlights methods, timings, deliverables and fees for you. 

 

2. You don’t have the time to review candidate profiles

When a senior-level position becomes available at your company, your time needs to be well planned between effectively running your business and hiring the newest addition to your executive team. Finding the time to review candidate profiles can be a time-consuming task, pulling you away from the matters that need your attention the most and causing your search for an executive to fall by the wayside.

An executive search firm can remove this task from your diary, only sending you the best, pre-screened candidates for review. While you spend more time concentrating on important business tasks, rest assured your chosen executive search firm is finding you the perfect candidate.

 

3. A bad hire has already cost your company

It happens to most organisations at some point. You think that you have recruited a great employee, but soon discover that you have made a bad hire. The bottom line is, that hire costs your company, and you don’t want to make the same mistake again. An executive search agency can improve your chances first time around.

Before you hire another executive, ask yourself, can you afford to make a bad hire? An executive search firm reduces the chances of making a foreseeable mistake and makes sure you hire the right executive from the start.

 

4. You’re not sure who you are actually looking for

If you're experiencing growth and consider it time to expand your executive team, or to create one, it’s normal to feel unsure about the executive role you’re hiring for. Hiring managers don’t always have previous executives to compare their job candidates to but with the expert help of an executive search firm you'll soon figure out exactly what you’re looking for.

Did you know that, as part of our executive search solution, we can provide you with a full talent mapping report? Our talent mapping projects are what sets us apart from our competitors. They allow you to better understand what talent pools are out there in your market, specifically the levels of supply and demand for particular types of talent, information on who they work for, what they do and where they’re located.

Find out more

 

5. You’re hiring within a set budget

Managing a recruitment budget can be a real pain as it's an exhaustive list of all the projected and real costs associated with hiring talent at your organisation. It’s critical to get it right from the start since costs can spiral out of control if the recruitment process isn’t managed correctly.

Did you know that our fees are based on our time (project-based), not a percent (%) of the candidate’s salary. This allows you to budget from the start and establish the final cost before the project begins. This is usually more cost-effective than the traditional fee model offered by other executive search firms.

 

6. You’re struggling to attract the right candidates

One of the biggest challenges when hiring executive-level candidates is attracting the right kind of candidates to the job. This problem occurs when a job description is vague, there is a lack of vision for the future of a business, the remuneration is less than what a competitor is offering, or the business lacks the right tools and technology to entice potential candidates to take on the role. It’s important to attract the right kind of candidates to your open job roles and ensure that those candidates are excited by the role and the prospect of working for your organisation. 

Did you know that our executive search services include a candidate attraction document to help entice the right talent to your brand? By drawing upon the significant experience we’ve built through years of working with hundreds of clients, we’re well placed to create a document that will make potential candidates excited about working at your business.

 

7. Your business is about to lose a key executive

The loss of a key person is always a big blow for businesses of any size and in any industry. A lack of planning for the potential loss of key people can be more costly than most business owners imagine. When a team member hands in their notice, this can seriously shake up the system, and the longer you and your team wait to do something about a departure, the more difficult the executive transition will be.

By bringing in an executive search firm at the right time, you can minimise business disruption while knowing your chosen firm is getting a new worker in the door.

 

8. You can’t secure candidates

As companies grow, securing the best candidates in a competitive market is becoming more and more of a challenge. If you’ve managed to find the right candidates, are you struggling to hold on to them through the recruitment process? A poor experience is a common reason for candidates not sticking around.

For businesses struggling to secure executive-level candidates, an executive search firm will help you hold on to great candidates by keeping them engaged as they advance down the recruitment process.

 

9. You need a discreet hiring process

It may come to your attention that you require a discreet hiring process for several reasons. Perhaps you have an executive position open, but it’s not public knowledge or hiring the replacement is sensitive and creates a need for discretion and impartiality. An executive search firm can guarantee professional standards are met by taking a sensitive and discreet approach to the sourcing of senior-level talent.

 

Final thoughts

If you’re witnessing any of the signs we’ve mentioned above, there’s no better solution than reaching out to Carrot Executive. We’re experts in attracting highly qualified candidates and placing them in the right role. We offer a distinctly different approach while still finding unique candidates for even the most challenging remits.

 

Carrot Executive

Carrot Executive work in partnership with a large number of Pharmaceutical and Life Sciences companies and consultancies, supporting with a range of executive search and bespoke insights projects to support clients in their strategic decision making in relation to talent attraction and retention, market penetration and competitor benchmarking.

For more information, please contact Martin Anderson via martin@carrotpharma.co.uk, call +44 (0)1625 541 032 or use the 'schedule a call' link below:

Schedule a call

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