subject: Executive Search Consultants [print this page] The executives of a company are the people that occupy the top positions. Those that are the highest level executives are called C-level or part of the C-suite. The letter C stands for the start of the three-letter initials that are used for the names of certain executive positions. For example, there is CEO for chief executive officer, COO for chief operating officer, and CFO for chief financial officer. These executive positions are some of the most important posts in a company. The people who occupy the said positions are tasked to come up with an idea for a new service or product and come up with big decisions for the company.
Executives have huge responsibility on their shoulders which is why getting the right people to handle the tasks is important. In order for a company to have the right people, there must be an executive search. Executive search pertains to the consultative process of employing professionals for the senior executive positions of a company. This process can be performed by the board of directors of the company or an independent company that caters executive search.
This process of selecting employees needs to be done as soon as an executive files for resignation or gets fired to avoid any delaying of work. It will also give a company enough time to select who is the best for the company. When rushing things, people normally tend to overlook certain things that might be crucial for the success of the company.
In executive search, many people take advantage of it by using it as a form of business since large income is definitely on the horizon. This is an extremely lucrative industry that can make search consultants earn large amount of money. In a company that offers this selection process, search consultants' functions in three ways, which are business development, recruiting, and research. A business development consultant gets the largest profit while the researcher gets the smallest. The identification of the potential employee is based on a written or verbal Job Specification developed through partnership with the client.
This company offering the said selection service earns through the company looking for an executive and not from the individual who was hired.
Executive search is very important for any company since this will help in filling in the void left by their former executives. Through this one, a company would be able to select carefully the people to work for them.
