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What ESS does differently
to reach the top of the talent pool:
How ESS produces optimized
results... |
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What
does it take to reach top talent? The
answer is optimization. ESS
technology and methodology increases
the scope of a project expanding the
search to include the top of the
executive talent pool while at the
same time meeting or exceeding
project deadlines.
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This
talent can only be identified through
an exceptional research effort. ESS can make
this exhaustive effort because the
proprietary technology it has
developed to execute the project
quickly allows a greater focus on
research, while still meeting project
timelines.
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- Exec.nu: a
proprietary web posting methodology. This is an individual
web page devoted to your search position with a unique url. Developed by design and web recruiting experts to
market the full potential of your opportunity. A
web based multimedia presentation.
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- Top talent demands
a commitment to security and confidentiality. The ESS Talent Pool and Search System software
suite are
not accessible directly from the internet,
and no third party has direct access. ESS maintains
on site storage of all sensitive materials as well.
This is an effort to protect both sensitive candidate
information and the investment you have made in commissioning
an exclusive retained search.
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| What
keeps a retained firm from doing the best possible work:
How to choose a
retained executive search firm... |
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Recruiters
are responsible for too many projects
simultaneously. In addition
to your assignment, the recruiter may
be working on twenty other active
searches. Your assignment,
accordingly, gets 1/20th of the
recruiter's time and attention and
research, execution and the scope of
the search suffer.
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Existing
client base is too large. Firms with
large client bases create conflicts
of interest that keep them from
recruiting from your major
competitors and sector leaders. One
top firm, for example, has over three
thousands clients and counting. Add
to this the individual divisions
served in each of these three
thousand clients and the number of
off-limit entities grows
exponentially.
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Outdated
or inappropriate technology, or none
at all. Some firms
use off the shelf software or simple
look up data bases that don't model
the retained search process. A large
number of firms don't use computers
at all during the execution of a
search, but rather rely on paper
based systems, believe it or not.
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Ineffective
web strategies. An automated
commodity approach to recruiting at
senior levels is proving less
effective than anticipated. The
latest published success to candidate
rate: one-half of one percent. This approach
is reminiscent of a "scorched earth" recruiting
methodology that is unfocused and produces similar
success rates.
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What keeps you from
getting the top 10% from your recruiter:
How to choose an executive
recruiting method... |
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Conventional Contingency
search - not always appropriate -
especially at higher levels. Contingency
search is not appropriate for higher
level executive assignments.
Contingency recruiters must produce
candidate submittals at all costs and
working strictly by numbers - the
more submittals - the more
probability of a placement. For
example, a contingency firm I am
familiar with requires a minimum of
25 candidate submittals a week. Each
submittal is generally for a
different search. That is five
searches a day - 25 separate searches
a week, every week, minimum, that the recruiter is responsible for. In
order to meet these requirements and
increase the chance of a placement,
recruiters at these firms will
sometimes "kite" promising
resumes to hundreds of firms without
the permission of the candidate.
Hence the reluctance of senior level
candidates to risk their careers by
working with firms of this nature.
The top ten percent of the talent
pool will not. Also, these firms do
get into legal problems often
regarding fees, when a specific
candidate was submitted by whom, for
example, which can jeopardize careers
on both sides of the equation. Lastly, these firms
experience turnover rates of over 300% a year in their
recruiting staffs. It is strictly a numbers game, akin
to playing the lottery, for clients, candidates and recruiters
using this type of recruitment.
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exec.nu - the right approach for senior level
search - addresses these deficiencies:
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Nominations are vetted, short-listed and targeted
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Candidates are submitted for exclusive consideration
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Candidates are guaranteed to be unique to the client
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Resumes are released only with prior express permission
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Experienced retained recruiters manage the process
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Exclusive ess assets are included in the process
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Procedures are exactly the same as a retained project
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Bigger
is not necessarily better in retained
search - especially in today's
market. Oddly enough
the firms at the other end of the
spectrum, the major legacy retained firms,
have similar problems. Generally the
person a client will meet with from
one of these firms regarding a search
is never the person who will conduct
the assignment. That person, the
recruiter or researcher that does the
actual work back at the office, is
usually responsible for a similar
number of projects and faces the same
pressures the contingency recruiter
does. Albeit a better environment
regarding confidentiality, the level
of detail accorded an assignment can
be no more than that a contingency
firm would provide. Add to this the
problem of too many clients limiting
the target firms the recruiter can
source on your behalf, and it is easy
to see why bigger is not necessarily
better in retained search.
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Use of Public Resume
Banks and Job boards. Recruiting firm's employing
these methods exclusively offer little added value to the client. The highest quality
candidates will not publish their resumes for public
review, and don't really have the time to do the tedious
registration and on line searches required to find
positions posted on these services. The candidates
that do display their resumes on these services are
constantly reviewed and courted by your competitors, and
candidates responding to postings are responding to your
competitor's postings, along with your own. Top
caliber executive talent is more elusive - that is why
it is so valuable - it is anything but a commodity...
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