Supported by professional research teams, the Executive Search approach is adopted mainly for senior or highly specialised executives where there is likely to be a scarcity of appropriately qualified candidates.
Executive Search falls into five phases some of which overlap in time:
- The Brief: Developing an understanding of the client's businesses objectives and culture, defining the role and the person specification.
- Research: Defining the search area; identifying companies; identifying useful sources of information; identifying possible candidates.
- Sourcing: Using information sources and making initial contact with a wide range of individuals within the targeted sector
- Short-Listing: Selecting and interviewing those who can be considered for the appointment; picking the short list of candidates; obtaining information about their track record and presenting them to the client.
- Final Selection and Offer: Assisting the client, as agreed, with the final interview procedure and its administration; advising, assisting and acting as an intermediary in negotiations with the preferred candidate, as appropriate.
The Consultancy fee is agreed with the client prior to commencement of the assignment and is invoiced in three equal stages, payable at the commencement of the assignment, on presentation of the shortlist with the final third stage fee payable on appointment.
Expenses may be charged on a monthly basis and include consultant/candidate fares and subsistence, research expenses specially incurred, telephone and other incidentals. VAT is charged at 17.5% and Consultant’s mileage is charged in accordance with AA rates.