Executive Search involves a complex process involving substantial time and resources.
If you use the services of an executive search company exclusively, then the company deserves a high-quality service. In a cooperation contract, some basic things are usually included.
The more you know everything about the job of an executive search company, the better your chances of finding the candidate you are looking for and getting back on the huge investment that has been spent.
The following is an outline of the Client’s Bill of Rights or company rights making the assignment as compiled by the Association Executive Search Firms / Consultants (AESC).
I. Executive search firms will provide an accurate and in-depth assessment of their ability to make the search process successful.
Before approving any search process, an executive search firm should:
- Check the readiness of resources, time, knowledge, and expertise to handle a particular assignment.
- Disclose all information related to relationships or situations that may create actual or potential conflicts of interest.
- Describe limitations that arise in providing services to other clients that affect their ability to successfully perform search tasks.
- Define which parts of the client approve the search process (such as subsidiaries, divisions, departments, etc.), so that during that period the executive search firm does not seek out candidates from a particular client.
- Define the scope and character of the services to be provided and the fees and expenses that will be charged.
II. The executive search firm will tell you who will carry out the search
In addition to the consultants who have been dealing with clients, there may be a team of professionals who will handle the assignment.
It is entirely possible for the client to request or receive all explanations from the executive search firm about the search consultants.
III. The executive search firm will provide a high level of the consultative relationship
Its job is to help organizations define executive positions, identify the best and most motivated candidates, and make a selection through a comprehensive, quality-assured search process.
IV. The executive search firm will keep your information strictly confidential.
In order to do this, the search consultant must guarantee that he will:
- Uses confidential client information for search purposes only
- Disclose client information only to people inside the search firm (people who support consultants in finding executives) or potential candidates who need information
- Never use confidential information for personal gain or pass that information on to other parties for their benefit
V. The executive search firm will demonstrate a clear understanding of the position to be filled, the company, and the objectives of the search
The client should request a report from the consultant that contains his understanding of:
- Your level of passion and type of experience
- What background, education, and technical skills are needed? successfully carry out duties in that position
- The responsibility of the position
- Various interpersonal skills required
VI. The executive search firm will provide you with regular and detailed search progress reports
VII. An executive search firm will provide you with top-quality candidates that are suited to your position and organizational culture
VIII. The executive search firm will assist you in negotiating with the final candidate, representing both parties with a high level of expertise, integrity, and professionalism.
IX. The executive search firm will provide you with a clear understanding of the reimbursement policy and other unusual situations that may arise during and after the search process.
X. The executive search firm will provide you with reasonable follow-up after the client has recruited the candidate
Executive search through executive search firms is no longer solely utilized by private companies but has expanded to government organizations, universities, and lateral/multilateral organizations.
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