Employers want to hire the best candidates for their companies, but time is of the essence - that is where a headhunter comes in handy. But how do you go about hiring the headhunter? Read this article to find out.
Running a business can monopolize more time than you have to recruit new talent–particularly if you’re running solo. Hire a headhunter to fill key positions and bring in qualified personnel…
Investigate the cost. Headhunters may charge you as much as 40 percent of your new employee’s first-year salary, although 20 to 30 percent is more the norm.
Understand how search firms charge. A contingency search firm only charges a fee if it finds a suitable hire. A retained search firm charges a fee based on a percentage of the new hire’s salary, but does a lot more legwork to narrow the list of qualified candidates. Many top-notch headhunters will not work on contingencies, and many will want a fee if you fill the position with them or without them.
Find a headhunter with extensive experience in your particular industry or functional area to get the type of candidate you’re looking to hire.
Verify their success rates. Some headhunters strike out on as much as 25 percent of their searches, depending on the industry they specialize in or the type of position they try to fill.
Click here to read part 2 of this article