• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Head hunting. The growth of the executive search industry

Extracts from this document...

Introduction

´╗┐Name: YIRAN ZHU( Veronica ) Tutor: Amos Clarkson Word count: 2067 Course: PS 10b Group: 5 ________________ Contents 1. Introduction ????????????????????..???? 3 2. The definition of head-hunters ?????????????????..3 3. The origin of head-hunters ???????????????????4 4. The process of the head-hunting business ?????????????.5 5. Comparison ????????????????????????...6 6. The growth of the executive search industry ???????????....7 6.1 The influence on the economic domain ????????????..7 6.2 The influence on education ?????????????????.8 6.3 The influence on the political field ?????????????...8 7. Conclusion ??...??????????????.?????.....?..9 1. Introduction In employment marketing circles, each corporation intends to look for the best qualified workers. How can this be achieved? Corporations are always on the lookout for the most efficient, effective way to find the best employees. In today?s fast paced world, a head-hunter service distinguishes itself by directly approaching potential candidates for specific corporate clients. This relatively aggressive method of recruitment works in the opposite way to an employment agency. According to a survey conducted by e-financial careers, ?head-hunters are vigorously approaching Wall Street executives. More than half of the 1,422 people surveyed said between 1 and 5 head-hunters had contacted them since the beginning of 2011? (Rodier, 2011). ...read more.

Middle

Then, a ?short list? of selected candidates will be created. At the end, the final decision will be made by the client company on the basis of the comprehensive understanding of each candidate?s short and long-term needs, objectives and requirements. However, the influence of head-hunters on the final stage cannot be ignored. The major duties of head-hunters at this stage are counselling in the negotiation, selecting candidates, hiring and incorporating. More importantly, there are still large quantities of ?after-sales? services for head-hunters to do. Follow- up of the results in each of these three stages to confirm the executive search services have been completed and to ensure adaptation of the new hire in the company. Specifically, in order to take full advantage of increasingly wide human resources, building long term connections with both hired candidates and potential applicants is also necessary. Besides, it requires evaluating client satisfaction with the search process as well. Thus, this crucial feedback allows head-hunters to make more efficient and profitable judgements in the future. 5. Comparison Furthermore, the executive search industry differs from other systems of recruitment because of its application of direct search methods. ...read more.

Conclusion

Currently, head-hunters are in high demand for a wide range of situations where recruitment is needed, such as sudden resignations of senior managerial posts from major corporations, the peak in ?job-hopping? around the beginning of every year, or even competition between overseas returnees. Meanwhile, there has been a rapid emergence of phrases like ?career planning? and ?job-hopping? in modern society. As it is, the profession of head-hunting seems to be considered as a relatively crucial role in the consulting domain instead of being treated as stealing from competitors as it had been viewed in the past. Nowadays, for client corporations, a wide range of services that the executive search industry offers guarantee more professionals are available in the market for hiring. To be specific, the capabilities developed by head-hunters can be applied to similar fields as well, such as on-boarding programs, consulting, career planning, and internal candidate evaluations, all of which brings added value that clients need. Overall, the services of a good head-hunter are an ideal way for a company to find the perfect person for a given position. Their services provide more direct, personalized and highly qualified management through the candidate recruitment process. It cannot simply be substituted by advances in new technology. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our University Degree Human Resource Management section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related University Degree Human Resource Management essays

  1. This paper examines the impact of NAFTA on trade as well as migration flows ...

    noted that it is likely that NAFTA contributed to Mexico's economic recovery directly and indirectly after the 1995 currency crisis. Mexico responded to the crisis by implementing a strong economic adjustment program but also by fully adhering to its NAFTA obligations to liberalize trade with the United States and Canada.

  2. The author wishes to pursue a career in purchasing therefore this project will ...

    Holden and Harte (2004) explain that good communication leads to more effective and accurate decision making. The basic English skills, that the author had learned at school, provided a strong foundation to build upon. These skills were not used very much whist she was working at Netto because her position

  1. Employee retention is one of the hottest management topics in the United States for ...

    Others are caring, emotional, long discussions, shared views. Endless dialogue before action is taken. Everyone's opinion counts. Put an employee in a culture that suits their temperament and they feel at home. It is an environment in which they can function to the best of their abilities.

  2. Balanced Scorecard for Telecom Industry

    Along with latest gadgetry, machines and measurements, companies started investing more in its human capital as the importance of a skillful human resource was uncovered. By this time the Industrial age converted into the Information Age.

  1. Stock exchange

    Though their legal and procedural details differ, an intermediary generally makes an investment using money from many individuals, each of whom receives a claim on the intermediary. 2.3. CAPITAL MARKET The capital market (securities markets) is the market for securities, where companies and the government can raise long-term funds.

  2. Lombard Direct call- centre

    * Database and information 3.2.1 Resource Utilization There is an efficient usage of resources: Customer advisors are the prime resource for Lombard direct. 250 full time equal CAs indicate that there can be more than 1 part time associate available for 1 full time CA.

  1. The purpose of this exercise is to introduce the relationship of selecting, evaluating, building ...

    With more frequent disruptive changes in different industries (the Internet, widespread high-speed network access), the need to address a completely different set of unanticipated problems (the terrorist attacks of 9/11, the explosion of viruses and spam, and the recent growth in phishing attacks), and the ever-present changes in the competitive

  2. What can organisational learning, and the search for the learning organisation, offer to companies ...

    Carter's work established that by improving supplier implementation metrics through learning initiatives, organisations experience greater financial performance as compared to organisations with lesser learning programs. The research of Skerlavaj and Dimovski (2006) also suggested that learning initiatives offer positive contributions to financial performance.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work