WalkWater

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Is Investing In An Executive Search Firm Worth It?
You want to get your hands on the finest and most
suitable executives to work for your company,
which is why you want to hire professional
experts to assist you in the process. But,
whats bothering you is how pricey it can be to
partner with such top executive search firms in
India! Your apprehension is nothing unusual, as
working with experts certainly means you have to
pay a hefty price. So, whenever youre looking
to fill a senior-level opening, the cost of
working for it is certainly a concern. How much
will it cost me? is the question youll ponder
over. But, the answer to the above question
isnt really easy. Theres no one certain answer
to the question, as it all depends on how you
prefer to recruit the candidate, and how
important it is to get top talent for your
corporate strategy. Search firm pricing varies
widely, depending upon the services and
professionalism offered. In-house or search firm
assistance? First and foremost, you need to
decide as to whether youre going to carry out
the task of searching for candidates with your
in-house team, or are you going to take
assistance from top executive search firms in
India. The latter option is often chosen when an
executive search is important enough to warrant
the cost of partnering with the search firm, or
when the in-house team is not as proficient for
the task, or does not have the time to be
invested for such an important
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search. If you choose to carry out the task
in-house, theres no additional cost involved
other than the salary decided for your HR team,
but the quality of search may or may not be
completely reliable. On the other hand, if you
hire an executive search firm, youll need to
invest further, but the quality of candidates
youll receive will certainly make the investment
worth it. Advertisements REPORT THIS
AD Different fee-pricing models Percentage based
pricing Many search firms charge a percentage of
the chosen candidates annual salary or total
compensation. So, the more the candidate is paid,
the more the search firm is paid. Flat fee
pricing Some search firms charge a flat fixed fee
for the task. This flat-fee pricing model
enables the firm to be completely unbiased while
making the recruitment, and facilitates hiring
negotiations with no conflict of interest. Hence,
any surprise higher fees is eliminated, with the
costs being discussed beforehand. Multi-search
package deals Businesses with multiple executive
openings all the year round may be in a position
to have a reduced executive search cost. Thats
because they can simply purchase a package of
multiple searches for a fixed fee that is much
lower than the regular flat-fee pricing model
for a single search. This means, the company
doesnt have to transact individual contacts for
every single search, and it also saves on a good
amount of money. Unbundled service fees There are
other search firms who charge by the hour, by the
project, or by the search. This kind of pricing
model is suitable if the search firm has a
reliable and trusted domain expertise, access to
top talent, and consultative abilities. This
type of search is collaborative and collegial,
serving as a natural extension of the in-house
executive recruiting team, boosting recruiting
effectiveness and the time-to-hire speed. With
different pricing models, it is up to you to
choose whatever seems to be the best choice for
your company. However, dont look at the pricing
model simply as the cost added to your
expenses. Rather, take
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a look at how that extra investment will bring to
you a quality hire, and then calculate the
cost-effectiveness of hiring a search firm. It
is thus advisable to invest in quality search
with a trusted executive search partner, one
like WalkWater Talent Advisors, that has
completed more than 600 leadership searches for
more than 275 clients globally, making it one of
the most trusted top executive search firms in
India and abroad.