Determining When to Look Beyond Your Internal Recruiting Team for Hiring
There are instances where your in-house recruiting team is fully capable of sourcing your next hire. However, there are also times when it becomes necessary to seek assistance from an Executive Search firm. We have outlined the situations that may necessitate engaging other recruiters, as well as the reasons behind it. This will help you find the ideal candidates for your hiring needs.
Your internal recruiting team should primarily concentrate on your business's core operations. This involves focusing on roles within your industry, specific hiring requirements for these positions, and often the day-to-day human resources needs of your hires and employees.
For example, if you are a consumer products company, your recruiters should focus on sourcing candidates in manufacturing, logistics, and marketing.
If you operate in the technology sector, your recruiters should prioritize programmers, engineers, data analysts, and related specialties.
In the case of a public accounting firm, your recruiters should dedicate their efforts to attracting top talent, having a comprehensive understanding of competitors, and optimizing campus recruitment efforts.
By partnering with an Executive Search firm, you can efficiently allocate your resources. This allows your in-house recruiting team to concentrate on areas where their expertise is most valuable.
If your in-house recruiting team is primarily focused on your business's core operations, it may not be the best use of their time to recruit for roles outside their expertise. In such cases, they would have to start the recruiting process from scratch, lacking an existing pool of candidates. Unfortunately, this often leads to a lower quality candidate pipeline at the outset, particularly when under time constraints. Internal recruiters end up spending most of their time sifting through hundreds of online job board submissions, hoping to find a few potentially suitable candidates.
For instance, while every company requires accounting and finance professionals, not every in-house recruiting team possesses the candidate pool and expertise to fill such positions. This is when partnering with an Executive Search firm specializing in accounting and finance becomes advantageous in finding qualified individuals for those specific roles.
Experienced recruiters at Executive Search firms not only possess knowledge of valuable skills and relevant interview questions but also save you time and resources. They specialize in disciplines outside your core business and are:
Familiar with the strengths, skill levels, and technical requirements of candidates and roles within that specialty.
Already recruiting candidates in that specialty, whom you would need weeks, if not months, to reach.
Equipped with a network of qualified professionals who may not be actively seeking new opportunities but could be enticed by the right offer.
Well-versed in each candidate's motivations.
In addition to continuously sourcing candidates for other roles within their discipline, recruiters at Executive Search firms possess a unique perspective that goes beyond that of your internal hiring team. They invest time in building relationships and establishing trust with candidates within their specialization. This positions them as valuable career counselors, as candidates are more likely to share both positive and negative experiences related to the recruitment process with them.
In other words, collaborating with an external recruiter provides you with a distinct viewpoint. Candidates are more inclined to trust external recruiters and perceive the information they provide about a company or role as unbiased since they have developed a relationship and rapport.
External recruiters also possess a broader understanding of the hiring landscape, given their work with numerous companies in a specific discipline. They are well-informed about aspects such as:
The number of comparable job opportunities available.
Competitive salary ranges, benefits, and perks for similar roles.
Current trends in hiring for those particular positions.
With over 35 years of experience in the Los Angeles accounting and finance industry, the team at Pacific Executive Search is poised to assist you and your team in making the right hires within this specialization. We possess the expertise, relationships, and perspective required to match your needs with the desires and aspirations of available talent. Please don't hesitate to reach out. We're here to support you!