What is Executive Search?


The executive search profession has two distinct fields, contingency search and retained executive search. Retained search firms are paid a retainer fee to locate and evaluate potential internal or external candidates for a senior level position.
Retained executive search firms are firms paid a retainer by companies to locate and evaluate potential internal or external candidates for a senior level position. The retainer is paid regardless of the outcome of a particular search.

This type of arrangement is typically implemented for senior-level management, such as CEO’s, Presidents, Vice Presidents, Directors, or in larger organizations, persons at the Manager level. There are large, global firms who engage in this activity, as well as regional “boutique” firms. Some smaller firms act together as a network to compete with the large integrated ones. Some firms specialize in specific industries or functions ore roles, while others are generalists.
There are basically two types of Retained executive search firms
1. – Global
2. – Boutique
Ad 1. Global executive search firms:
Such executive search companies will have many offices all over the world and the consultants will typically be split by which sector they are expert in. These executive search firms cover different sectors including financial services, logistics, automotive, life sciences, consulting, consumer, energy, pharmaceutical, telecommunications, technology, media companies, real estate and other industries.
Example: www.kornferry.com
Ad 2. Boutique executive search firms:
Such executive search companies focus on one or two specific sectors or functions. For example, there are a number of boutique firms that operate within financial services and tend to look only at senior positions (Director, CEO, MD, President and Vice President) within Trading, Investment Banking, asset management and Capital Markets. These firms will have representatives in the major financial centers in the world: New York, London, Hong Kong, Shanghai, Tokyo, Dubai, Mumbai, Singapore, Amsterdam, Paris, and Frankfurt
Example: www.mullersearch.com

Source: www.allheadhunters.com

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