“If you think it’s expensive to hire a professional, wait until you hire an amateur.”
Hiring the right person is the most crucial part of an executive search process. Carrying a recruitment process for such critical roles in-house can sometimes be overwhelming. An executive search process is not just going to the online portals and calling out for referrals, it also involves a systematic screening process so that only the worthy candidates appear for the interview.
Many companies do not outsource executive search in order to save money, thus ending up losing even more money in a time consuming process and if, God forbid, a wrong person is chosen for the post, then it is potentially a huge monetary loss to the organization.
Hiring a Recruitment Company in Germany is very easy and makes the process a lot less tedious than if it is carried out in-house. Wondering if you need a third party source or not? See the list of signs that would ascertain that it is time to call an agent:
- Level of Experience of in-house Recruiting Team
Not every company has enough executive searches to justify keeping a full-fledged recruitment team.Hiring an executive is very different to hiring a manager or a candidate for an individual role. The skills needed to attract, engage and convert talent at the executive level are much more challenging and are very different from other recruitments. If you are not sure that your recruitment team would be able to manage the recruitment process at such a crucial level then you should definitely go for an agency.
A Recruitment Company, using its subject matter expertise, would help you find the best match for your company. Next to the actual search, this involves a rigorous screening process before the candidates are sent to you for the final verdict. This not only saves a lot of money but also precious time that is invested in interviewing candidates who are not suitable for the job.
- Lack of Quality Hires
Have you had trouble attracting top talent in the past? How have your recruitment decisions been in the past? Answers to these questions could help you decide whether it’s worth outsourcing your executive search or not. The main aim of executive search is bringing the best talent home.
If the people you are interviewing are not up to the mark, then choosing one among them would make no difference at all as you are surely not getting the best of the best. Hiring an agency at this time would be your best shot.
- High Turnover
If you have a high turnover, then finding the root cause would be the key to finding the solution. An expert in recruitment can help you identify the vital areas that are actually contributing to the high turnover rate. An external executive search partner can help with exit interviews. The former employees may be uncomfortable talking to their former employers. Hence, having a third neutral party would help you find the root cause of the problem. This would help you find the actual truth which should be the main focus after all. Once you are apprised of the problem, you can find a solution to curb it.
The problem here could be the front end of your recruitment process. Possibly the role is not being portrayed correctly to the candidate. It could also be a wrong organizational culture in the organization or it might boil down to a particular manager. What might be worse is, that you perceive culture to be one way but in reality it is completely different. Having an unbiased exit interview process can help you change for good.