If you are a firm that requires a large number of recruits on a weekly or monthly basis, you are likely to need a recruiting department within your own organization. But this is not the case with most companies worldwide and they can all use the benefits of hiring a executive recruitment agency.

Low Number of Requirements

Whether you hire a contingency executive search firm or a retained search firm, your monetary obligation to it is over as soon as the process of recruitment is complete. Each executive recruitment agency will charge in the range of 10% to 35% of the candidate’s expected Cost to Company (CTC) for the first year. This may seem a little steep, but in the long run, this one time cost works out to be a lot cheaper than maintaining a recruitment department within your own organization as long as the number of requirements in your organization is along regular norms.

Approaching Sensitive Candidates

At very high levels within the organization there are very few people in the industry who meet the exact requirement of the job. Most of these candidates are well known to everyone within the industry, but approaching them with your vacancy may be a very sensitive issue. Such high level vacancies are usually kept confidential to prevent loss of reputation and any potential threat from competition, who may take advantage of the situation. The candidates for such positions can hardly be contacted directly by the company and executive recruitment agencies come in very handy as intermediary in such cases. An executive recruitment agency would ascertain the interest of the candidate before revealing the name of your organization.

Out of Town Candidates

Recruitment firms are also very useful when you want to hire out of town candidates. If you are looking for an out of town candidate, it can be very expensive to fly potential candidates back and forth through the entire recruitment process. Recruitment firms can do the screening of every potential candidate at out of town locations before the send the best of the lot to you. Most executive recruitment agencies have more than one branch and it is also easier for a recruiting firm to fly one of their industry experts to the location to screen potential candidates than for you to fly every candidate to your office.

Resume Verification and References

In today’s troubled times, there are a number of desperate people who exaggerate their skills, education or experience in order to be considered for a well paying job. And, an unverified employee can pose a serious threat to the well being of the company, its employees, its customers and its reputation. One of the methods of acquiring background information and conducting resume verification for a potential candidate is to hire a third party resume verification firm. But why incur that expenditure when recruitment firms offer this service as part of their consultancy? An executive recruitment agency offers to verify the education, experience and references of the potential candidates on behalf of their clients.

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