Written by HRCap, Inc.
Published April 21, 2022
What is an Executive Search?
You may have heard of headhunters (another name for executive search firms) and asked yourself, how are they different from recruiters? Executive search is a form of business consulting that specializes in senior management and top executive positions (Director levels and up, VPs, C-Suites, and Board Advisors) that are mission-critical for transformational growth and organizational success.
Many companies partner with executive search firms to fill top leadership positions with best-fit executives. According to Statista Research Department 2019 survey, 64% of companies that responded chose to work with an executive search company. Additionally, only 4% of these companies were concerned with the costs, which shows that companies view such partnerships as critical business investment in not only hiring the right executive but also transforming the organization with the right-fit leader who can navigate change and lead with effective strategies for long term sustainability and profitability.