Friday, June 15, 2012

Executive Search: Get Local Talent with International Competencies

Current economic growth had attracted numbers of worldwide Foreign Direct Investment (FDI) to Vietnam. This positive growth had contributed towards human capital development in organization and challenging recruiters to be more competent in sourcing suitable candidates for the company. Assigning Executive Search & Job Placement Agencies such as Navigos Group, Adecco and Vietnam Manpower Solution is another option for employers to speed up the recruitment process and engaging the best person on board.
Specialization by Industry
In every organization, there will be various division and vacancies which need recruiters to be expert in the area. For example, one Executive Search agency may specialize in banking and financial recruitment and some other may be good in pharmaceutical industries. By using Executive Search agency, they know the market and most of Executive Search Company are very focus on certain industry which is general HR did not.
Skill Oriented
Headhunters are target oriented. One of their missions is to fulfill their client’s recruitment assignment within the timeline. Headhunters have a professional skills which is normal HR people do not posses or use very often. Headhunters are trained with skills such as how to cold call candidates from competitors and how to qualify whether the candidates are interested with any carrier movement opportunities.

High Confidentiality
By using third-party resource, they can bring a very high confidentiality during the search. They can neutrally approach competitors without being notices. For an example, if a HR from Parkson does a cold calling to Metro Cash & Carry, it might sound like this, “Hello, my name is Phung, head hunter from Parkson, can I speak to your Director of IT?” If the head hunter can get through the person, there will be some internal chatty talk among the company members, and the Director of IT may be discredited by Metro Cash & Carry if he accepting the offer from Parkson.
Negotiation Buffer
Outsource head hunter can act as a negotiation buffer between the company and candidate. Sometimes, your offer is below than the candidate’s initial requirement and it is good to have head hunter as a third-party person. This person will be good benefit when involve a tough negotiation as they will communicate on be half of you and nothing is said directly to candidates from your company. This is a good way for client to avoid from any hard feeling and vise versa during recruitment process.
Return of Investment (ROI)
You may think that utilizing Executive Search agency is very costly. The truth is, you will get a better Return of Investment (ROI) in many aspects. Executive Search agencies will be able to cut your hiring expenses and time to find your desired talent. You do not need to do any newspaper advertisement, spending time to screen your incoming application and first interview arrangement because the agency will do everything for you. In terms of productivity, your business will continuously move on as soon as the candidate already comes in and delivering your work demand.
With this in mind, it is truly worth it to utilize Executive Search agency to fulfill your human capital needs and spotting the best talent for your organization.

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