March 30, 2023
Executive search is a critical process for any organization that needs to fill top-level positions. However, the traditional methods of executive search can be time-consuming and often result in mediocre candidates being chosen. Fortunately, the debut of executive search platforms has revolutionized the hiring process, making it easier and more efficient to find top-quality candidates.
Hiring a new leader for your organization is an exciting step to take. C-suite hires can have an immediate positive impact on company culture, team performance, and even employee retention. With so much at stake, it’s essential to find the perfect candidate who not only meets the job requirements but also fits the company culture and values. Fortunately, executive search software can help you find your next great leader quickly and efficiently.
Below, we take a look at why hiring teams are turning to executive search software, its advantages, and potential solutions to build your pipeline of leaders.
Executive search is a struggle for several reasons. We covered those reasons in more detail previously, but the main challenges are:
Executive talent is in high demand and relatively short supply, so competition for candidates is steep. It’s not uncommon for them to be pursued by several companies at once.
Traditional executive search firms and headhunters charge hefty fees, making the cost to recruit execs extremely high. This is a huge barrier to finding experienced leaders, especially for smaller organizations.
Executives are harder to engage. Most are passive candidates, and beyond that, they’re currently in demanding roles or heavily invested in growing their current company, so are often strapped for time in general.
Increasing diversity among leadership teams. It’s key to showing candidates your commitment to DE&I, but across the board, companies still struggle to move the needle.
With these challenges in mind, let’s take a look at what executive search software is, and the advantages of using it in your hiring processes.
Executive search software uses algorithms to search through online databases of profiles and resumes to identify candidates with the necessary skills and experience. Softwares vary in scope and functionality, but most allow you to find candidates for your executive-level roles and initiative conversations. Some may analyze job postings and compare them to resumes to ensure that only the most qualified candidates are considered.
Executive search tools offer an innovative alternative to using an executive search firm or consultant. Traditionally, these third parties have been relied upon for their expertise and connections. Now, there are major advantages to turning to sourcing technology, which we’ll discuss below.
There are many advantages to using executive search software for your next C-suite search.
Sourcing is often one of the most time-consuming parts of any search due to the complicated boolean search strings that are often used for manual sourcing. This is even more true with executive roles with specialized skills or backgrounds. The right software will make setting up and managing an executive search simple; usually kicking off a search is a matter of inputting criteria, then letting automation deliver candidate results to you.
The top sourcing tools use your unique criteria to identify candidates. Fetcher goes the extra mile to ensure candidate quality with human verification and by enriching data from various sources on the web. So when Fetcher delivers a batch of 10 new CFO candidates via email, you’ll have immediate access to their personal email addresses, an enriched and updated profile, and their social profiles to connect, all in one place.
You can tailor the search criteria to meet your specific needs, including specific experience, qualifications, and personality traits. This means that you can find a candidate that is not only qualified for the job but also fits in with your organization’s culture. And because Fetcher’s search platform involves humans in the process, teams have relied on it to find talent in a more nuanced, targeted way than pure AI or database models.
Solutions like Fetcher allow teams to reduce reliance on staffing agencies and thus, avoid excessive fees. This gives smaller companies or teams with lower budgets the ability to compete for top leadership talent – and it makes it easier to scale as your organization scales and grows.
When using executive search software, it is essential to choose the right software for your needs. Look for software that:
Is user-friendly so you can quickly adopt it, and integrate it into your current systems
Has access to relevant talent pools for your open roles
Enables a high-touch, excellent experience for executive candidates. They will expect the best during the recruitment process, so make sure the solutions you choose make each candidate feel seen and feel special.
Reduces bias in the recruiting process, to set yourself up to build a more diverse executive team
Provides performance data to measure what’s working and what’s not
Offers excellent customer support. Even though its software, a strong partnership is key to ensuring your maximizing your use of tech!
Executive search software is an excellent tool for finding your next great leader. It saves time and money, identifies high-quality candidates, and is highly customizable. By choosing the right software, you can streamline your executive search process and find the right candidate for your organization.
Fetcher has helped companies successfully recruit CEOs, CMOs, People leaders, and more. Want to get a personalized tour of Fetcher? Reach out to us to schedule a demo.
Check out our other blog posts for more talent acquisition tips and insights into recruiting trends.
At Fetcher, our mission is to introduce companies to the people who will help them change the world. Our full-service, recruiting automation platform automates those repetitive, top-of-funnel tasks, so you can focus more on candidate engagement & team collaboration. Simplify Sourcing. Optimize Outreach. Hire Top Talent. Learn more at fetcher.ai.
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