This timeline varies depending on the criteria involved, the number of viable candidates, and other key factors. From starting the search to successful completion Key Search aims to complete the hire within 12 weeks. Bear in mind, though, that it can take several weeks to build an impressive shortlist for a leadership position. You don’t want to rush such high-profile decisions. Key Search achieves more than 80+ high-profile leadership placements per year.
Executive Search, despite its boom, remains a fragmented market. With many thousands of providers, it is hard to choose the right one. Large multinationals usually work with the five giants: Spencer Stuart, Heidrick & Struggles, Russell Reynolds Associates, Egon Zehnder, and Korn Ferry. This quintet, known as the “Shrek” firm are specialized in hiring for large corporate conglomerates.
Boutique firms like Key Search with deep expertise in specific industries are thriving within their sectors with a dedicated focus. There are also a huge amount of individual consultants sometimes known as cowboy’s since, as one puts it, “anyone can buy a computer, get a LinkedIn license and call themselves a search expert”.
Yes. Applicants must come with a specific track record, continuous career growth, and specific key hiring criteria as per the agreement with the client to ensure they’re suitable for the position in question. Furthermore, Key Search validates each selected candidate with a psychometric assessment that gives additional insight into the candidate’s behavioral and also cognitive skillset. It is an additional step the candidate takes in parallel to the interviews and helps to evaluate the job fit in much more depth, especially in times of remote hiring.
Key Search conducts in-depth market mapping to identify candidates with the right track record, skills, and qualifications for a leadership position from a specific sector. Thanks to their domain expertise and deep network, the consultant reaches out to those who normally would not actively seek a position but are high potential leaders. Through a deep understanding of their client’s needs, Key Search is able to attract candidates the client would normally not be able to hire with their own efforts.
If you are still not sure which hiring solution is the best fit for your company, please contact one of our Directors. We will be happy to assist you.