Executive search firms are something you may not have heard of before, but they play an important role in helping companies both old and new expand and grow. These executive search firms are typically based in and around tech hubs across the United States, including cities like San Diego, Seattle, and San Francisco. They can also work outside of these areas, as these firms work where they’re needed. This article will take a brief look at what executive search firms are, and also what they are not, as some misconceptions exist as to what exactly these firms do.
- They Recruit Candidates for Executive Positions: One of the most important things to know about executive search firms is that their primary focus is to locate and recruit candidates for executive positions in the companies that hire their services. These are top-level positions like vice-president, CEO, COO, and other similar positions. Without quality hires in these positions, a company won’t run as nearly as well as it otherwise might.
- They are Not a Job Placement Agency: Another thing to understand about executive search firms is that they are not, and never have been, a job placement agency or staffing agency. A common misconception about executive search firms is that they work to hire employees for basic positions and this simply isn’t true. The task of hiring for entry-level positions falls to other staffing agencies, but never to executive search firms.
- They Search for Diverse Candidates: And finally, a third thing to know about executive search firms is that they search for candidates that are diverse in a number of ways. McKinsey’s research shows that gender-diverse companies are 15% more likely to outperform their peers and ethnically-diverse companies are 35% more likely to do the same. By recruiting executive candidates that are ethnically and gender-diverse, these executive search firms are helping companies improve their overall performance.
In conclusion, there are several things that should be known about what executive search firms are and what they are not. Executive search firms work in tech hubs all over the United States and the world, and their primary focus is to recruit candidates for executive positions. They also search for diverse candidates that can improve company performance. But executive search firms are not and never have been mere job placement agencies, that task is left to other companies. These are just a few of the things you should know about executive search firms.