Executive search (informally called headhunting) is a specialized recruitment service which organizations pay to seek out and recruit highly qualified candidates for senior-level and executive jobs (e.g., President, Vice-president, CEO). Headhunters may also seek out and recruit other highly specialized and/or skilled positions in organizations for which there is strong competition in the job market for the top talent, such as senior data analysts or computer programmers. The method usually involves commissioning a third-party organization, typically an executive search firm, but possibly a standalone consultant or consulting firm, to research the availability of suitable qualified candidates working for competitors or related businesses or organizations. Having identified a shortlist of qualified candidates who match the client’s requirements, the executive search firm may act as an intermediary to contact the individual(s) and see if they might be interested in moving to a new employer. The executive search firm may also carry out initial screening of the candidate, negotiations on remuneration and benefits, and preparing the employment contract.
Based on the report Executive Search 2020 by BlueSteps,
Global Rankings and Market share of Executive Search:
USA – 29.9% –> Europe – 26.3% –> UK & Ireland – 16.3% –> Canada – 5.8% –> Latin America – 5.2% –> China – 3.9%
–> Australia & New Zealand – 3.8% –> North-East & South Asia – 3.7% –> India – 2.7% –> Africa – 1.3% –> Middle East – 1%
Industry Breakdown – Searches done globally
Industrial (Manufacturing, Engineering) – 28.4% –> Finance – 16.1% –> Retail – 15.7% –> Life Sciences/Healthcare – 12.7% –> Technology – 10.5% –> Government/Education/Non-profit – 8.5% –> Business & services – 3.6% –> Others – 4.5%
Experts expect Technology and Life Sciences/Healthcare to have a growth of 63% and 60% with Industrial sector to lead as usual.
Daedalus Consulting is a boutique search firm since 1996 which provides talent from startups to large firms. We work in exclusive or preferred partner arrangements for senior management talent acquisition with our customers. These are typically positions of functional, technical, business managers. Daedalus has strived for perfection in our search services to many esteemed MNC clients over the last 20 years. We have succeeded at most assignments and failed rarely. As each failure hurts us personally, we try that much harder. We set and follow search best practices like in-depth analysis of the role, organization structure and culture, client market positioning and competition, candidate mapping, interview preparation.
If you would like to try our successful executive search services, please email us your needs at email@example.com