Using an Executive Search Firm to Help You with Your Job Search

So you're looking for a new job - but you don't have the time, energy, or know-how to search for openings that suit your needs?

If so, using an executive search firm can help. But what do these companies do? And how much does it cost?

This post will walk you through the basics of a typical executive search and its benefits. You'll also get tips on how to find one and save some cash in the process!

#1: What is an executive search firm?  The best way to answer this question is by unpacking what it does. An executive search firm, or simply an executive search firm, is a company that helps you find a new job. Generally speaking, this is a person (the "search consultant") who goes through the job ads, interviews with employers, on-campus recruiting events and other opportunities to find the job you want best. They also consider personal factors and preferences - such as school location and hours of work - when they're searching for your role.

#2: What's included in an executive search?  Executive search firms source and screen candidates, perform background checks on candidates (required in some industries), and write cover letters & resumes. They usually charge anywhere from $200-$6K per candidate they place. But you have the option of paying on a monthly, weekly or daily basis. You can also search without going through one at all, but that's generally more expensive (for screening and background checks) and less effective.

#3: How to go about searching for an executive search firm?  Your ideal executive search partner will understand your needs as well as where your industry/industry is at in order to recommend the best ones for you to work with. They'll also give you advice on how to best position yourself so that employers are able to identify you as a top-tier candidate. Most executive search firms will also help you identify other job sources and make sure you're getting the most out of your job search. They'll help you move through resume-building, interview preparation, and more.

#4: Can I find an executive search firm on my own?  You certainly can. However, executive search firms are often the best option for you because they save candidates time and money; they've dealt with many of these issues in the past; and their recommended searches generally have a better success rate than those that aren't performed by them.

#5: How do I know if an executive search firm is right for me?  Your most important factor when looking for an executive search firm is your budget. Executive search firms can be very expensive, so you'll want to find one that is willing to adjust their fee structure to your needs. You'll also want to make sure you're searching for a firm that has experience with your industry, is familiar with its employment trends, and knows the best employers in your field. You'll also want to be sure you're working with a firm that has resumes for their candidates so you can access them for free.

#6: How can I save money on an executive search?  A good executive search firm should help you save time and money on a job search. But if you're looking to save on fees, you'll want to ask the search firm about their payment structures. Some firms offer a flat rate; others will charge by the candidate placed. Some charge by the month, others on a weekly or daily basis.

Points to remember:   Searching for a job is tough, especially with minimal time and money for a job search. If you've done everything you can but still can't seem to get your foot in the door, it may be time to consider hiring an executive search firm that makes your career its top priority. These firms have relationships with top employers, strong networks with recruiters and access to candidates who have been thoroughly screened for skills and experience. If you take the time to research them and find the right one, you'll be able to make an informed decision. 

#7: How to find executive search firms in the US?  Here are some of the best places to find executive search firms in the U.S.

U.S. Executive Search

#8: How much does an executive search cost?  This will depend on several factors, including your industry and employer, number of candidates you're targeting, and experience level of the search firm you're considering hiring. But overall, these costs can range from $200-$6K per candidate placed (check out our post on average investment banking salary for a more personalized idea).

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Directory of International Executive Search Firms

#9: What questions should I ask when hiring an executive search firm?  Before hiring a firm, you need to do your research and make sure that you're working with the best candidate suited to your needs. To help you out, here are some of the questions you should ask before signing on with an executive search firm: What's your approach? What's your success rate? How long have you been operating in my industry? Can I contact one of your clients or candidates to discuss their experience working with you? And any other specific questions that may be important to your search.

#10: How to find executive search firms with international experience?  International Executive Search (IES) is an online global executive search firm that partners with global employers to solve the most difficult job search challenges. They're a global, award-winning and financial services recruitment company specializing in International Recruiting and Executive Search. IES has integrated their global network of international executives into their executive search service offering, allowing them to source and recruit qualified candidates across five continents: Europe, Americas, Africa, Asia-Pacific and Australia/New Zealand.

#11: Can international executive search firms find me a job where I'm looking?  Yes. It's important that you do your research and find a firm that works with hiring managers in your industry and is familiar with your companies immigration policy. A good executive search firm should be able to help you find an employer that accepts immigration sponsorship and a position with requirements similar to the one you're seeking.

#12: How can I know if an executive search firm can find me a job?  Executive search firms perform rigorous background checks on each of their candidates, so you'll want to make sure they have experience hiring candidates in similar industries as the one you're looking for.

Conclusion:   When you're looking for a job, it can be tough to stand out from the pack. You want to make sure you're getting the best experience with job seekers, but also making sure that your resume is being viewed in the best possible light with employers. Making use of an executive search firm can help you learn more about where you stand, who the top talent is working in your field and even how to get ahead of your competition.

#13: What's your experience with executive search firms like? Have you hired one before? Let us know in the comments below.