Recruiting top-level executive talent offers its own unique set of challenges. To find and attract the best of the best, your recruiting process and efforts need to be on point. Executive talent is in high demand and you will be in tough competition against other companies to win them over.
According to Toronto executive recruiters, here are the top challenges you will face in your executive search:
Competition is high for C-suite level talent. Low unemployment rates make the competition even fiercer. You should expect that if you are interested in a candidate, other companies are as well. You can also expect that executive talent understands their position. They know they are a top commodity, and they have the luxury of being picky and finding the best situation for themselves.
2. Candidate Availability
Most of the best people already have jobs. You need to tap into the passive candidate pool to find the best. Easier said than done. Do you have a strategy to connect with passive candidates?
The good news is most executive-level talent is receptive to having conversations with hiring managers and recruiters. If you are going to make a pitch, you need to make it an attractive one.
3. A New Generation of Executives
Millennials continue to play a more prominent role in the workforce. With the boomer generation continuing to retire at a high rate, many millennials are moving into executive roles. But this new leadership group prefers to do things differently than previous generations. They take a more collaborative and collective approach to managing. Hiring companies need to understand how to recruit for this modern type of manager. The things that would attract executives of the past will not necessarily help you find their replacement today.
4. A Changing Approach to Recruitment
Traditional methods for executive search have become outdated. Many companies still use the same process they did for the last decade or more. Using a dated recruiting process could be negatively impacting your ability to find and attract top executives. Take a look at your process and identify areas that can be improved. Consult with an executive search firm to modernize your recruitment efforts to help you more efficiently find the best talent.
Read More From Toronto Recruiters About Executive Search
IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Executive Search / Board & C-Suite, Technology, Media, Digital & Marketing, Accounting & Finance, Financial Services & Insurance, Cannabis, Startup, Data Science, Consumer, eCommerce & Retail, Operations & HR, Manufacturing, Supply Chain & Engineering, Legal & Professional Services, Pharmaceutical & Life Sciences, Non-Profit & Sustainability, and Sales. IQ PARTNERS has its head office in Toronto and operates internationally via Aravati Global Search Network. Click here to view current job openings and to register with us.