What exactly is executive search?
Executive search in Singapore refers to the hiring of highly skilled top-ranking qualified managers to an organization. Executive recruitment in Singapore is a method used to skillfully fill those roles that are deemed key in steering the company to greater heights. Such jobs include human resource director, chief executive officer, chief information officer, chief operating officer, and so on.
The success of any company depends on the quality of its senior leadership team. The process of executive search in Singapore ensures that the best people are employed to take up such jobs. For any role advertised by the company, agencies offering services on executive recruitment in Singapore go through their network to find a suitable employee that fulfils the company’s requirements.
Therefore, organizations seek to build a mutual relationship with an executive search firm in Singapore, who relate as an annexe to the organization business, with the role of identifying and engaging the right candidate for the specified task on behalf of the company.
How does an executive search work?
An executive search firm in Singapore works intimately with the partner company to acquaintance themselves with the company requirement and advise accordingly.
These agencies offering executive recruitment in Singapore are paid in advance by the partner company to do extensive market research to analyze the market and raise the outcome to measure and standardize skills, roles and salaries.
As a result, these firms have comprehensive information concerning executives of many industries and organizations. The firm can also quickly contact these senior officers and thus can collect extensive details of top executive talent.
Vital elements of an executive search
Five key points must be combined for the procedure of executive search in Singapore to be practical. They involve:
a) Discover search priorities
An agency offering executive recruitment in Singapore has to identify the company’s need in terms of skills, knowledge and abilities and compare with a candidate details that resembles the company’s advertised position.
b) Come up with a search plan
A search firm ventures to search into a wide range of companies and other organizations targeting top officers with the relevant skills, experience and qualifications and enlist all names of the best-qualified people for the role.
c) Attract and evaluate candidates
The firm seeks to know whether the approached candidates are interested in the role, after that they are taken through an interview to test their competency in the position, before shortlisting of candidates is done.
d) Qualified candidates are interviewed by the company top officers
Based on the firms analyzing the company’s specification of the position, the most qualified candidates presented for interviews.
e) Finalize the search
The search firm further scrutinizes the company’s preferred candidates background. Then the firm engages the candidate in negotiations over a salary and other terms and conditions in line of duty. The company and search firm keep in touch to update one another on the progress of their partnership.
How does a company benefit from executive search in Singapore?
Any organizations’ growth and viability in a competitive market environment depend on the senior-level executive. This is because they impact significantly on the operation of the organization. The process of executive search in Singapore is critical in helping to make the right executive appointment and to secure the right people who will help the company to achieve its objectives.
Through an executive search in Singapore, a company can access an otherwise not easily reached industry-leading candidate. Targeted skills and salaries are identified by mapping the market and benchmarking.
A company has goals that it wants to accomplish. For this reason, the process of executive search in Singapore brings people with talent that matches the needs of the company to meet those goals. On behalf of the company, an executive firm searches for people with a correct blend of abilities, knowledge and skills to deliver solutions. Through executive search, a company can recruit fresh think tanks that will pump new ideas into the business to help it grow and evolve.
How does the right executive search firm look?
An executive search firm to any organization is not just a tool to serve an immediate need but rather should be like a partner, a strategic advisor with a relationship built and invested in for many years.
The firm must have a cheaper understanding of the organization undertakings. The firm must be knowledgeable of the organization gaps intended to be filled and provoke new ideas. A firm’s knowledge of the organization operations goals and values are ideal for helping the organization grow and evolve. To achieve this, an executive search firm in Singapore should have this outlined look:
- Functional expertise
An excellent understanding of the market will enable the firm to have deep, operational expertise that will give a blend of people in the top team. Such an organization will serve as a source where experience, skills, abilities and knowledge can be drawn to help the company solve problems and generate ideas to grow the organization.
- Strategic advice
A right executive search firm in Singapore should be well equipped to provide advice on matters related to and affecting the organization. For instance: succession planning, organizational design and executive coaching.
- Professional services
A search partner needs to know the company well enough. The firm is tasked within promoting the company in a positive, accurate and honest light. An executive firm needs to give the very best impression of the partner company. The firm has to present a highly professional search process.
Hiring through an executive search firm in Singapore is an excellent way to ensure that critical top management positions in the organization are professionally fixed. Making a bad hire can have disastrous consequences for an organization. The process of executive search in Singapore is incredibly important at the senior executive level, and that means that it is difficult to find the best employee as well. Partnering with the right agency assisting with your executive recruitment in Singapore will ensure that you hire top-performing talent to deliver on your business ambitions and goals.
Therefore, it is imperative that organizations partner with good executive search firms to achieve excellent results that will keep them in the market and grow to great heights. Executive search firms play an important role in your business by assisting in securing senior management talents, and can help you grow your business to new heights with the assistance of the best employees in your company.
Ren Ai Group is a highly reputable firm who has much experience in executive recruitment in Singapore. Ren Ai Group also helps expats to attain a work visa or personalised employment pass Singapore. If you are a company embarking on your executive search in Singapore, or an executive looking for the best company to further your career, contact us today to discuss how we can help you with your search.