Propeo Executive Search
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Propeo Executive Search
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| It is important to understand the different types of recruitment services that are available in the market, as each meets different needs... An Employment Agency or Recruitment Agency is contacted by individuals who are looking for a new job. These job-seekers are added to a candidate information base, which is then used as a 'talent pool' to respond to requests from employers. Candidates may also be proactively marketed to potential employers. Agencies normally handle large volumes of candidates, and can often provide a fast response. Such a recruitment method is particularly effective when seeking to fill more junior vacancies. The agency is paid a fee by the employer if a candidate introduced by the agency is hired. In the case of Advertised Selection, an ad is placed in the media seeking applicants for a specific position. When responses are directed to an outside firm, the employer benefits from having someone else handle all the candidate communication, screening and initial interviewing. This mechanism can work well in certain circumstances, but a possible constraint is that is can be in reality restricted to those candidates scanning the jobs section of the media.
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With Executive Search, the employer engages a
consultancy to seek out and present qualified candidates for a position. Payment may be in the
form of a retainer, which means the firm is paid for
time and effort expended in undertaking the search, regardless of whether the position is filled.
Or payment may be, at least in part, contingent on the firm
successfully filling the position. The chosen search firm is normally given
exclusivity on the assignment. The fundamental difference with this method
of recruiting is that it can discreetly penetrate the target executive
population, and proactively engage qualified candidates in a quality discussion on the opportunity with your
company.