10 Steps of the Executive Search Process

10 Steps of the Executive Search Process

For an executive search firm, the talent acquisition process involves various stakeholders, methods, tools and metrics but the actual steps varies little from one executive search firm to another.

The journey starts when an organization gets on a executive firm on board and it ends when the selected candidate joins. The typical steps of the recruitment and selection process vary depending on the role and company. But, most teams including ours follow the steps process:

Step 1 : Initial Client Meeting

This is one of the most important step. In this meeting, the search requirements are outlined, timelines are mutually decided, future organizational strategy and mission are discussed, and the search firm gets an idea of the corporate culture.

Step 2 : Deeper Client Analysis

The executive search firm will then begin a more thorough analysis of the organization, identifying key opportunities for the new executive, and defining a candidate profile that fits into the corporate profile

Step 3 : Market Analysis And Creation Of A Candidate Specification

Following this process, the executive search firm will complete a deep analysis of the market and create a compelling executive job profile.

Step 4 : Search Strategy

This stage will include a deeper analysis of the market, outlining key companies they may wish to research for executive talent, and documenting all avenues that will be exploited in order to gain access

Step 5 : Name Generation & Candidate Identification

The process of creating an industry/function wide map of talent and long-list of potential candidates is known as ‘Name Generation’ or ‘Talent Mapping

Step 6 : Approach, Qualify And Interview To Create A Short List

A series of internal meetings will continue throughout the candidate identification process. Post this process, the number of potential candidates would be reduced to 10 at most.

Step 7 : Basic Referencing, Present Short List To The Client

Before any candidate is presented to the client, search firms will complete basic background checking to verify their qualifications and executive career backgrounds.

Step 8 : Narrow To 3-5, Thorough Referencing

The client will work with the search consultants to narrow the candidate shortlist to just 3-5 potential senior executives and do a thorough reference check.

Step 9 : Offer & Negotiation

After a series of interviews and consideration of external references, the client will select their preferred candidate. After the selection the process of salary and offer negotiation will commence.

Step 10 : Onboarding & Integration

The search firm will assist with the integration (onboarding) of the successful candidate into the workplace. The degree of involvement in this process varies depending on HR and agreements made earlier.

Finally, although the search has been successfully completed, an executive search firm would continue to maintain close ties with the hiring client and senior executive to ensure long term satisfaction for both parties.