“Why would I want to outsource my entire executive search to an executive search firm
in Canada when I have my own in-house staff to do the recruitment?” This is
one of the most common questions we come across. Well, now would be a good time
to answer this question. Here is a list of 3 signs that would indicate that it
is time to outsource your executive recruitment to one of the top executive search firms in Canada.
- Lack Of Experience In Your Recruiting Team
Carrying out an executive search is a skill of another level, one
that is very different from filing a normal job vacancy. The chances are that
your company does not have the right amount of experience or the right expert
to carry out an executive search. Many companies further justify in-house
hiring by stating that they do not have enough best executive search firms in Canada requirements. But one thing that companies need to understand
is that cost of hiring a bad candidate or rehiring is much more than
outsourcing it in the first place.
The skills needed to attract, and convert passive talent at the
executive level are very important. The search firm helps you form a level of
partnership with the candidate where both the parties are taken into
considerations.
- Lack Of Quality Hires
The second big sign is that you have already suffered from the
quality of hires in your company. In such case, it is time to utilize an
executive recruiter in numerous ways. The search firms can help you run an
audit of your hiring process and help you identify the pitfalls in the whole
process at the same time hiring the most suitable candidate for you. Not only
this, but a lot of good candidates also go bad if their onboarding process is
not handled properly. Having a firm can help ensure a smooth process from the
beginning till the end thus increasing the chances of retention manifold.
- Too Much Turnover
The key to good recruitment is retaining the candidate you have
hired especially at crucial executive positions. Having frequent resignations
for top posts can lead to higher overall turnover rate of your company as it is
rightly said, “Employees do not leave the company. They leave managers.”
Hiring a wrong candidate is worse than hiring no candidate at all. Engaging an
external executive search partner can help you hire the right candidates in the
first place. The executives whose goals coincide with the company’s goals would
help achieve a lower turnover rate in the long run.
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