Using Executive Recruiters
Find out how to add clout to your career strategy!
Executive Recruiters hold the keys to the "hidden job market" - career opportunities that aren't posted anywhere else. These professionals hold great influence within the hiring organization, and it's important for job seekers to understand how to leverage this resource as part of their overall career strategy. What follows are a few facts about executive search firms,
and how executive recruiters can help advance your career.
Four Key Facts About Executive Recruiters
-
Jobseekers do not pay fees to search firms.
Instead, the companies that hire recruiters to fill a position pay for their services. Be wary of any recruiter who asks you to pay them a fee. The recruiters you'll contact through Kennedy's
Directory of Executive & Professional Recruiters have been painstakingly researched as legitimate recruiting professionals. If you are asked to pay a fee for job placement services, please
let us know immediately.
-
There are two types of search firms - Retained and Contingency.
While both types charge fees only to the hiring organization, it is important to note the differences. When the hiring company retains a recruiting firm, that firm is paid regardless of the results of the search. Retained firms are typically used to fill higher-level positions at $100,000+ salaries. Contingency search firms receive payment only when their candidate is hired. Over the last few years the "search" industry has gone through some significant changes. While contingency firms have generally always accepted retained work, many retained firms now accept contingency work. Kennedy's
Directory of Executive & Professional Recruiters gives you direct access to both retained and contingency firms. You decide which type of recruiter is right for you!
-
Don't limit your search by geography.
For many job assignments, recruiting firms will look nationally or even internationally. It is absolutely in your best interest to gain exposure among search firms who fill positions in your industry, function and salary range, no matter where they are. A Chicago recruiter is just as likely to have an assignment in Los Angeles as in Boston. That being said, it's much easier to network with local recruiters and they can be an invaluable resource when penetrating the local hiring market, particularly for non-executive positions. Kennedy's
Directory of Executive & Professional Recruiters provides extensive geographic indexing to help you find the right recruiter, right in your local area.
-
Some search firms specialize, while others don't.
To make your search as effective as possible, target your efforts towards recruiters that work in your respective industry and/or specialize in your job function. As you begin to network with these specialized recruiters you'll find they are very much aware of where opportunities exist within the micro hiring "economies" of your shared areas of expertise. However, generalist firms should not be ignored, especially at the higher executive ranks. Kennedy's
Directory of Executive & Professional Recruiters utilizes a proprietary indexing system to help you target the right recruiters to help meet your career goals. Our indexing has been continuously developed during over 35 years of analyzing the executive recruiting profession.
Whether retained or contingency fee-based, search firms are handsomely rewarded for filling positions on behalf of their corporate clients. Thus, networking and building relationships with qualified, reputable recruiters is a critical component of career management strategies.
Using Kennedy's Directory of Executive & Professional Recruiters
The Directory of Executive & Professional Recruiters is a powerful tool that can help open doors at executive recruiting firms that specialize in your area of expertise.
First, use our proprietary indexing system to identify the recruiters that work with hiring companies looking for talent in areas consistent with your specific experience and professional skill base. This takes time and a significant amount of self-examination. Our indexing system utilizes three main areas to select from: Job Functions, Industry, and Services Offered.
Job Functions Index
Think about how to leverage your previous career, education, interests and credentials to consider ALL of the Job Functions in our index for which you are qualified. Don't be constrained by ONLY those functional areas in which you have direct experience. For example, a senior-level executive at a large firm with abundant experience in running a large division may be a perfect candidate for CEO at a small or mid-sized firm. Or the owner of a small business might consider middle or senior management an appropriate career move.
Industry Index
When considering the Industry index use a similar philosophy of identifying all of the areas in which you are qualified and interested. Consider that some industries are naturally conducive to hiring from within other industries, some are not. If you're not sure, spend some time researching before you make contact.
Services Offered Index
Kennedy's Directory of Executive & Professional Recruiters also provides an index that provides direction to specific Services Offered by recruiters. All recruiters provide this level of information to us and it can be a very valuable tool to target the right resource for you.
Making Contact with Your Selected Executive Recruiters
Next, identify all of the communication channels that make sense for the firms and recruiters you've identified. The firm may offer an online mechanism for posting and/or sending your resume and cover letter. Review the firm's website for job opportunities currently under research, and establish the preferred communication medium for that firm. In all cases, respect the indicated communication
preferences of the firm and/or the individual recruiter.
Not unlike introducing your professional "brand" to a hiring organization, make sure your cover letter and resume/CV are both positioned appropriately for the areas of expertise in which the recruiter works. Keep in mind that recruiters are not career managers. They may not have the expertise or inclination to advise you on changes to your cover letter and resume, so make sure they're tight before you send them. After providing your credentials in whatever communication medium you think makes sense, consider a follow up a few weeks later with another communication attempt. What you're striving for is a personal contact from the recruiter. Depending on your
"hirability" (qualification level, experience etc.) you may have to be in the right place at the right time to be recognized at a personal level.
That being said, many recruiting firms have automated Applicant Tracking Systems that create an archived record of your contact information, your resume, and a profile that is created by their firm that is relevant to their tracking systems. Be patient! It could be a matter of days or many months before your specific credentials become relevant to a job that a firm has under research.
How Recruiting Firms Can Make a Difference In Your Career
When contacted by a recruiter treat them as though they are the hiring organization. Be professional, make your best impression, sell yourself and your "hirability", and understand that executive recruiters have access to a lot of talent. Remember, the recruiter doesn't work for you - so don't expect personal, individualized service. Working with executive recruiters is not an event - it is a process. We have testimonials from Directory of Executive & Professional Recruiters clients that indicate when working with an Executive Recruiter, the "hiring cycle" can take anywhere from two days to two years! In either case though, most positions secured
through executive recruiters fit into the "dream job" category.