Everything You Need To Know When Choosing a Luxury Executive Search Firm
With the current state of the retail industry and with the considerable amount of availability in open positions in the competitive job market, retailers are finding difficulty in filling executive leadership roles. For any luxury association, it is critical offer a positive impact in their organization but how does the corporation go about identifying and attracting those types of candidates?
Amidst the growing complexity in finding qualified candidates, business leaders have now turned to talent acquisition companies to help abate the stress and pressure in finding a suitable candidate for the role. Luxury executive search firms have the ability to leverage their network to their advantage to identify, attract and retain top talent based on the needs of your organization.
Choosing the right executive search firm to find the best suited candidate for the needs of your organization will have a critical impact on your company’s long-term success. Talent acquisition specialists such as Clarke Caniff Strategic Search consultants can help your organization build successful long-term strategies while using their expertise to create a positive impact.
It is important to keep in mind that not all executive search firms can offer the same results. Depending on company processes and procedures, the outcome and quality of candidate can be greatly affected. To be sure that you are well informed in your search for a top candidate, these are the things you should be considering before choosing your luxury executive search firm.
What Kind of Process Does the Company Demonstrate?
Consider how the search firm conducts their search for new candidate. It is important to identify the processes during your first initial screening with the executive search firm. Find answers to:
- How they are conveying your company needs during this search?
- Are they well acquainted with the position and requirement to fill it?
- Have they inquired about the cultural fit you are interested in for long term purposes?
- What is the company’s plan to identify and attract the top candidates?
- What is the search process like?
- Do they have an active or passive style of recruiting?
- Which resources do they plan on using during their search?
What Will This Say About Your Corporation?
During the process of the search, keep in mind that the search firm you have chosen will be a direct representation of your corporation. Get to understand the professionalism and reputation of the organization to avoid any issues that could arise as a result of using an outside talent acquisition source.
Keep in mind that company branding is an integral part of attracting top quality candidates. Without the appropriate knowledge of your luxury organization, products or services you offer, or corporate strategies that your organization stands by, it will prove to be a difficult task to complete. Be aware of other affecting factors such as:
- Other competitive forces you face
- Knowledge in the current industry or position
- Branding tactics and cultural insights your company upholds
What Can You Expect Luxury Executive Search Services?
Inquiring about an “average time” the executive search firm can give you a better timeline of what to expect from the source. Companies that offer consistent communication tactics in the form of daily or weekly reports/scheduled conference calls can assure that the process is moving towards finding a desired placement. Consider the following:
- Do they have client references?
- Can they give you a competitive advantage?
- Do they have the ability to find candidates that have the appropriate soft skills?
- What is their retention rate for candidates they place?
In addition to consistent communication, it is important to choose a luxury executive search firm that has a higher degree of involvement during the interview process. Be reminded that using a luxury executive search firm is meant to alleviate the task of having to walk potential candidates through the process of hiring.
- How much involvement will the recruiter have with the candidate?
- Are they facilitating the necessary steps to assure the process is a smooth one?
- Will they stay in touch with the candidate after they have been placed?
At Clarke Caniff, we focus on consistent communication throughout the entire process. From email to text message to phone calls 7 days a week, we stay constant contact with you and your project through completion. In addition to our open communication practices, our team is well versed in detailed submittal write-ups, balanced score cards, forced ranking, and candidate funnels options to adapt to your customized process.
Clark Caniff Strategic Search is built of a team full of recruiters that slam their customers with paper, which is a sharp contrast to our process. Partnered with a dedicated in-house research team that invests their time in searching for top quality candidates, combined with our highly selective and aggressive executive team allows us to be the top executive search firm in the country for services, retail, real estate and hospitality sectors.