When Should The Real Estate Executive Search Firms Be Used?

Search companies are the best way to find the best candidates. However, that doesn't mean that this should always be your Plan A. In most cases, good results will help you achieve its internal recruitment function faster and more efficiently.

However, at a higher level, speed and efficiency become less important because the best person becomes increasingly complex with requirements. Search companies add value here. Good recruitment advice can help you find the perfect mix of skills, experience, and personality that a successful candidate must have. You might have hired your last Vice President of Operations 10 years ago and we hope it will take a decade before you have to do it again. It's a good idea to invest to make sure you determine exactly what your perfect candidate is like. If you don't know what you are looking for, how will you know when you find it?

As a top real estate executive search firms can also help you find the best people by giving you access to a wider and deeper set of potential candidates. In critical roles, there is a big difference between suitable candidates and extraordinary candidates. So, you don't want to limit your options to 5 to 10% of people who are actively looking for new positions. By actively looking for people who fit the profile - regardless of whether they are in the market for new opportunities or not - search companies offer you more and better opportunities for high-level positions.

There are other situations where search engines can get better results. For highly technical functions or positions that require highly sought-after skills, you may need to actively market your opportunities. And in situations where your corporate brand or job is not very attractive, a recruitment agency can place your work in front of candidates who might not consider opportunities. In situations where you don't want your competition to know that you are actively playing a key role, the recruitment agency provides the necessary level of anonymity and confidentiality.

Of course, the cost of using a real estate executive search firms is quite large, and this is usually a major variation. But the 25-30% you pay is insignificant compared to the different effects that the right candidate will have. Hiring the wrong person - at every level - is expensive, but when you make a decision for millions of dollars, you can't afford to pay less than the best.