If executive positions are vacated, not filling them immediately can be costly to your organization. The longer the role is vacant, the heavier the workload on the people temporarily taking over, which can lead to disruptions in business operations and a dent in human capital.
The ideal scenario is promoting a high-ranking employee to assume the position, perhaps a manager or department lead with an impressive track record and decades of leadership experience. In-house recruitment for higher management costs next to nothing, except possibly when you need to pay for the person’s training.
However, the perfect person isn’t always within reach, as your company might have run out of qualified candidates. It’s during such cases when executive recruiting firms are most helpful—they can assist in finding the best person from outside your company and do so with astonishing precision and speed.
What positions do these executive search firms exactly fill, and why should you work with agencies in the Philippines for your human resource needs? You’ll find the answers by reading this article by Q2 HR Solutions.
Before jumping into a talent search, you should assess your business needs and identify which executive positions are crucial for success. Suppose you own a startup tech company and want to add departments for your scaling plans. You admit to having limited management knowledge, so you need a director specializing in processes you’ve never tried for your business.
Hiring an executive search firm in such scenarios can help you determine process gaps. The agency will offer to analyze your existing systems and will provide recommendations on the people you need to hire. They will then handle the whole hiring process, presenting you with top talents from which you can choose.
Sometimes, the high-level position might be vacated because your employee left. If no one is qualified in-house, it will be advantageous to hire a headhunting agency as they have a wider reach and are focused on searching for the best match. Since they specialize in finding top-level talents, you can expect them to be more efficient than your in-house HR.
Moreover, executive recruiting firms are not limited to helping you find the best talent in the job market. As industry experts in executive processes, they have advanced resources and tools to execute their strategies effectively.
Headhunting agencies are focused on hiring for high-level roles such as C-Suite executives, vice presidents, general managers, and board members. These positions are similar in that they’re all at the upper echelons of an organization. However, depending on how high up the ladder one is, their responsibilities vary in scope and complexity.
The best executive search firms work around these variations by developing recruitment strategies that align with the qualifications and requirements of the job.
Generally, C-suite executives are the chiefs of the company, for instance, the Chief Executive Officer (CEO), Chief Finance Officer (CFO), or the Chief Operating Officer (COO). Depending on the organization, accounting, marketing, and technology chiefs also comprise this level.
Business chiefs handle overall company operations to ensure a positive business trajectory. They do so by implementing long-term and short-term strategies, collaborating with other top-level executives, and motivating employees to contribute. C-suite leaders are visionary, trustworthy, strategic, charismatic, and have other characteristics that can help rally the company to success.
Vice presidents and senior directors oversee operations to ensure business targets are met. They shape company strategy, make decisions, and monitor progress, helping the organization stay on track with its objectives. They are higher in rank than senior directors, as the former is often third in command or, in some cases, second (if the president and CEO are one person).
Nonetheless, both help direct the organization to succeed. As such, being strategic and a problem solver is crucial for these roles. Excellent communication and public speaking skills are also essential since people in these positions often talk to company clients and business partners.
General managers and divisional heads handle business operations and control costs while ensuring that revenue targets are met. They’re also responsible for supervising lower-ranking managers for different departments.
Since finance management is included in their responsibilities, general managers and divisional heads must have budgeting skills on top of planning and decision-making capabilities. A knowledge of the business processes and functions of each department is also necessary for them to handle operations smoothly and efficiently.
Board members provide oversight and guidance for the organization. They balance the interests of business shareholders and stakeholders, ensuring that satisfying them will contribute to the company’s progress. They’re different from CEOs and executive directors in that they don’t deal with day-to-day operations and business management.
Since their insights should be helpful and their advice so heavily influences the company’s trajectory, board members are required to have high industry expertise and vast leadership experience. They should also have sound recommendations and solid decisions that can contribute to business growth.
Q2 HR Solutions has over 20 years of headhunting experience across various industries, so we are confident that we can help your company get the best CEO, executive director, or general manager to contribute to your business success. In years, our executive search firm based in the Philippines has cast a wide net on a pool of top talents and has built strong connections with businesses and executives in the country.
Many companies might have concerns beyond finding the right people for the job, especially when filling a crucial high-level role. To help, we include a thorough company assessment as a key phase in our hiring process. We put ourselves in your shoes to understand your processes, norms, and objectives and then tailor our search to identify candidates that align with your organization profile, ensuring that transition and onboarding will be smooth for both you and the new hire.
We don’t cut corners with our headhunting processes, either, which we proudly back up with an Investors in People Platinum Certification. We ensure that we are on track with industry standards to provide top-quality services for your organization.
Executive recruiting firms can help fill top-level vacancies for your company. These headhunting agencies, with their wide network, deep talent pool, and years of experience, can assist you in finding your organization’s next CEO, executive director, or general manager efficiently. As the roles are high up the corporate ladder, recruitment for such positions is more comprehensive and strict than hiring processes for lower-level roles.
With over 20 years of executive search experience, Q2 HR Solutions has the expertise to handle top-management hiring. Contact us today to find your next company leaders!
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