Every company needs highly competent leaders to achieve its business goals. However, finding the right executive is not exactly a walk in the park. Several factors must be considered, including their skills, cultural fit with the organization, and track record of delivering results, which requires a significant amount of time and effort.
This is why many businesses opt to procure services from headhunters. According to a 2022 study, the global headhunting services market was forecasted to expand at a compound annual growth rate (CAGR) of 6.70% from 2023 to 2030, indicating its increasing popularity among companies across various industries.
Also known as executive search firms, headhunting services help companies find the ideal candidates through their extensive network and database, making the search for leaders faster and less stressful for businesses. This enables companies to focus on their core business operations and streamline their recruitment processes.
Unlike recruitment agencies, headhunting firms specialize in finding high-level professionals, including senior talents and C-suite executives such as CEOs, CFOs, and COOs. They typically employ targeted strategies and are skilled in identifying candidates who are not actively seeking new employment or those who are not using traditional job search platforms.
Q2 HR Solutions is one of the top headhunters in the Philippines, offering executive search services to companies on the lookout for top-tier candidates. Read on to discover some of the most critical questions you need to ask a headhunting firm in the Philippines before working with them.
There are a plethora of executive search firms in the Philippines, but selecting the right one requires gathering a substantial amount of information. Here are some of the questions you need to ask before working with a headhunting firm.
Not all executive search companies in the Philippines offer the same services. Some firms provide tailored services, from sourcing to extending an offer, while others have their own processes, which may include negotiations and onboarding support. Some agencies also offer specialized services, including those tailored to specific industries they work with.
Knowing what services they can provide you with helps you avoid wasting time and resources on features and services that you do not need.
Like hiring a candidate for any role, companies should likewise assess an agency’s qualifications before working with them. This question will help you determine whether the agency has a proven track record of delivering top talent more quickly and efficiently, and whether they understand the specific skills and qualifications your company requires for the role.
It also helps you identify if they stay updated with the current job market, including salary benchmarks, trends, and new skills needed for your industry.
Different industries have varying environments, cultures, and paces. Hiring a headhunter firm that knows exactly what your industry is looking for in an executive could expedite your hiring process. You can also be at peace knowing that they will be able to find the top candidate with the unique skill set and experiences relevant to the role and the industry you are in.
Some executive firms provide services for specific industries, while others have a wider range of expertise.
Doing a double-take on their qualifications can never hurt your recruitment process. Requesting references from a headhunting firm is an effective way to verify their experience and identify any discrepancies or inconsistencies in their portfolio.
Meanwhile, case studies will give you a clear view of their past successes and previous work with other clients. They also showcase the firm’s strategies, enabling you to have a concrete understanding of how they address potential problems that may arise during the hiring process.
Most executive search companies in the Philippines offer a retainer fee, which the client pays up front, and a contingency fee, which the client pays when the role is successfully filled. Some may also require cancellation fees or additional payments for specific services.
Understanding an executive search firm’s cost structure will help you set your budget for the entire recruitment process and make adjustments when needed. It will also help you negotiate the terms and fees more effectively to make sure that the deal is beneficial to both parties.
If you are looking for the top talent to fill your vacant leadership positions, Q2 HR Solutions can help you with our Headhunting and Executive Search Services. With our scientific processes and proprietary tools, we are confident in our ability to bring the best candidates and top leaders to your organization.
We take pride in our Investors in People (IIP) Platinum certification and our team of expert headhunters, which boasts a vast network and extensive industry experience. We also serve a variety of industries, including healthcare and digital financial services.
Our process involves sourcing the best candidates for the executive roles you need to fill, utilizing our functional approach and extensive industry knowledge. We then analyze the candidates using tools such as saturation reports and business reviews, and identify gaps in their qualifications by conducting further research and calibration. After filtering candidates, we help you assess their cultural fit, backgrounds, and skill sets through interviews.
You can learn more about our headhunting services by booking an appointment with our experts.
Choosing the right headhunting firm in the Philippines can be an excruciating process, but it can significantly improve the way you search for and acquire talent. By asking these important questions, you can ensure that your partnership aligns well with your goals and have the confidence that you will secure the top talent who can help your business grow and thrive.
Need a headhunting firm to help you find the perfect executives to run your organization? Reach out to us today and get started!
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