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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 jobseekers 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:
1. Jobseekers
do not pay fees to search
firms. Instead, the companies that hire recruiters to fill a
position pay
for their services. This fee is calculated using the starting salary of
the
position, and can range from 15%-35% of that salary. Be wary of any
recruiter
who asks you to pay them a fee…If you are asked to pay a fee for job
placements
services, please let us know immediately.
2. 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…You decide which type of recruiter is right for you!
3. Don't
limit your search by geography. For
many higher-end 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.
4. 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….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.
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 (we've heard stories of years in some cases) 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 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.
Article taken
from:
©2007 Kennedy
Information, Inc.
Kennedy
Information is a Subsidiary of BNA
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