Wednesday, July 23, 2008 |
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We are not encumbered with
many of the current day-to-day market challenges facing many of our larger global
competitors such as:
Blockage This relates to target companies who are considered to be "off limits" to a firm's recruiters regardless of a client's desire to consider talent from those "blocked" companies. Lock-ups Conversely, "lock-ups" occur when prospective candidates are "locked-up" by other recruiting associates competing in the same practice area regardless of whether or not these prospective candidates are considered to be lead candidates for other recruiting consultants. Parallel Processing A practice by which different recruiters (within the same firm) present the same candidate to multiple clients. In some cases different clients within the same firm can get into competition with each other over the same executive. Loading Thresholds To maximize a firm's internal-rate-of-return on recruiting consultants, many search firms encourage their consultants to maintain significant search loads, thereby making it difficult for these professionals to dedicate the time and resources necessary to ensure the timeliness and quality of each search execution in one's portfolio. Internal Bias Like neighborhoods, every professional services firm presents its own unique personality and informal hierarchy. However, given the unique aspects of the executive search profession, the cultural fabric of an executive search firm is vitally important to the firm's ability to appropriately serve its clients. Switching To maximize utilization of recruiting consultants, many executive search firms rely heavily on rainmakers to sell engagements to "feed" other associates within their respective firms. Clients ultimately discover that, in many cases, those "selling" the work are often not the ones "doing" the work. |
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