For those in business, there will be a time in which they are in need of executives to fill new openings or to help fill those openings that are vacant for whatever reason. When this happens, the best way to do this is to have a strategy that is going to allow you to find the very best candidate for this position. There are three main parts of an executive search strategy: planning, management, and closure. However, it is within each of these parts that numerous aspects come together to make it work.
The Planning Phase
During this part of the strategy, some basic information needs to be agreed upon by all those involved in this executive search. For example:
- What are the goals of the business?
- Are there specific requirements that a person must have for this position?
- What is the ideal candidate? This can be a great profile to develop to ensure that those who are considered meet all or at least the majority of these characteristics.
- What strategies are going to be used for the search? For example, are you opening this up to anyone who wants to apply or perhaps you want to look through resumes of those on the market.
The Management Phase
During this phase, you will need to look at your list of potential hires, and then start to make initial contact with these individuals. This is where you may meet with these candidates and access them according to the information that you had planned during the planning process. Be sure that after each candidate you give feedback for your own records. This way, you are going to find that you get a better overall look at how they may perform in the position.
The Closure Phase
This is the final phase in the executive search strategy. You are going to decide on which candidate that you want to hire, and this is where negotiations take place. Both employer and candidate are going to want to settle on the salary requirements, holiday pay and time off, as well as any other issues that need to be discussed. You will find that during this time you need to complete the hiring process, which includes all paperwork, to make the person an official member of the business.
This strategy can be difficult for a business to follow on their own, as they often have their attention in other areas of their business as well. That is where Amrop can be of assistance, as they have a very distinct executive search strategy, like the one discussed, along with adding more personal touches to this process along the way.