WHY SHOULD YOU HIRE A RETAINED EXECUTIVE SEARCH FIRM? – WalkWater General The corporate world has changed over the years, and has become the most competitive one now, where everyone wants only the best. Every company is looking to beat the rest and move ahead, aiming for the top, in this cut-throat competition. In today’s such a competitive world, a crucial executive-level appointment can make a huge difference by either making or breaking the company and its reputation! There was a time when companies did in-house searches to hire employees, but now they hire specialist hiring companies to do the job; not because they don’t have the time, but because they want professionals to take up the responsibility of finding only the best for their company.
When it comes to recruiting someone at a position of an executive, no mistake can be afforded! Even a single small mistake can lead to detrimental consequences, which will require lots of time and expenses to recover from; let alone the damages done to the reputation and profits of the company. This is why you need to be able to take up the right decision. You need to be able to recruit and deploy the best people in the market, and be sure that you have the right talent to drive the changes that you need to make. But, how can all of this be made possible? There is only one answer to this – by conducting a retained executive search for executive level appointments. Now you may ask what is meant by “retained executive search”. This is just what the purpose of this blog is, to help you understand what a retained executive search is, and why, as a company, you must hire only one of the top retained executive search firms in India to find the right executives for your organization.
WHAT IS RETAINED EXECUTIVE SEARCH? Traditional recruitment practices involved doing in-house recruitment procedures, or hiring an employment agency that collected CVs and sent applicants to the organization for further interviewing. In contrast, an executive search firm is retained in an advisory capacity and is engaged in all aspects of the talent acquisition and hiring process, right from defining the search up to candidate onboarding and integration. The executive recruiting industry today has developed its own specializations and distinctions. Retained executive search consulting is a form of management consulting, which involves contacting and introducing senior executives, and bringing in industry-specific expertise and unique insight on the organization’s leadership requirements. Also, the career information of candidates will be held in the strictest confidence by the search firm, and only disclosed to an organization that holds an agreement. Thus, candidates are treated as candidates only, and not as applicants. In other words, candidates are treated as a trusted contender, rather than as an obstacle. This will be possible because the search firm will be investing considerable time and effort into getting to know the candidates and evaluating their background before handing over the information to the organization.
WalkWater Talent Advisors are one of the top retained executive search firms in India that bring a unique mix of strengths – Intensive Client Partnering, Deep Domain Knowledge, and Global Coverage – all coupled with a start-up drive to excel, and a constant focus on values, providing an unparalleled experience to client organizations. After all, it is critical to hire not just any qualified person, but the most qualified person.