What are the advantages and disadvantages of executive recruitment?

Executive Recruitment refers to finding and selecting the right candidates for senior-level posts. Executive recruiters operate within a specific sector. They have expertise in sourcing and screening extremely talented people with relevant skill-set and experience. They approach candidates that have been identified via a targeted headhunting process.

 How does executive recruitment work?

Executive recruitment Melbourne begins by obtaining a detailed list of the employer's requirements in terms of skills and personality. The recruiters then identify and engage with prospective candidates. These may be candidates currently looking for a job or already working at one. The agencies are also responsible for conducting screening interviews. Once the right candidate has been identified, they are introduced to the employer. An executive recruiter is involved in negotiating for salary and benefits, preparing the offer letter and even employment contract if required.

 How much do executive recruiters get paid?

Executive recruiters work on retained bases. This means that unlike a recruitment agency, which are only paid if a candidate is in a place, executive recruiters get paid upfront and receive additional payment once the job is done. The fee is typically 25% to 35% of the gross salary of the candidate.

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 Advantages of hiring an executive recruitment agency

1.Less time and money

Exec recruiters continuously seek and screen candidates. Therefore, they have a candidate pool from which they choose the right one. When the agency receives a skill list from their client, they are likely to already have a suitable candidate. Moreover, the candidate chosen is already vetted by the agency. Hence, companies can speedily complete their recruitment process, thus saving them time and money.

2.Candidate guarantee

Companies receive a guarantee period of 30 to 90 days on a candidate after a new employee is hired. If the candidate quits for personal reasons, the agency will refund the recruiting fee or locate a new candidate.

3.Provide high-quality search

Professionals in executive recruitment Thailand, are familiar with the recruitment process. They are also familiar with the company's culture and needs. Hence, they can successfully find and approach the best candidates. Moreover, the candidates selected are free from bias.

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Disadvantages of using executive recruitment.

1.It is expensive

The biggest disadvantage of using executive search firms is that they are quite expensive. Executive recruitment Melbourne usually charges 25% - 35% of a candidate's first-year salary. Since these firms specialize in recruiting for senior-level positions, their salaries can be very high. If you hire the wrong person, the cost can be more significant. Smaller companies may not be able to afford this

2.Client does not control everything

In traditional recruitment, you can participate in the whole recruitment process from posting jobs openings to finding and selecting candidates and preparing the offer letters. However, in executive recruitment Thailand, professionals work on your behalf and have complete control over some stages. Hence, it is important to ensure that they are representing your company and benefits accurately.

3.Candidate Loyalty

Candidates frequently form a loyal relationship with their recruiters. Such loyalty is a disadvantage to an employer, because the recruiter may keep the candidate informed of other opportunities that are out there, which may lead to the candidate quitting.

For more information:- https://www.alliancerecruitmentagency.com/executive-search-thailand/