Executive search in brief

  • In executive search, a headhunter actively searches for a suitable candidate. In recruitment and executive search, vacancies are posted.
  • The search process goes through several phases. It is especially important that the headhunter helps to establish the right job profile. Because the headhunters of Amrop are entrepreneurs themselves, they understand which challenges are involved and which demands are made of executives.
  • Executive search can be used for various roles, sectors and companies.
  • Through years of experience, the headhunters of Amrop know how to find the right candidates and how to convince them to make the switch. Amrop speaks to hundreds of potential candidates every year.
  • The professional approach to a search for a new director pays off. A director who leaves after six months costs the company a lot of time, money and frustration.

 

The difference between executive search, recruitment and recruitment & selection

Those looking for a new executive can choose from several services, including recruitment, recruitment & selection and executive search. There are major differences between these services:

  • Recruitment focuses on positions with annual salaries up to about 50K. A recruitment agency posts job openings and then selects candidates for a client.
  • Recruitment & selection focuses on positions up to about 125K. Recruitment & selection also uses job postings.
  • Executive search focuses on positions with a salary above 125K. Unlike recruitment and recruitment & selection, the positions for which searches are made are not made public. Together with a client, a headhunter draws up a profile and then actively searches for suitable candidates, approaches them and makes a selection for the client.

The executive search process at Amrop in 8 steps

After the first contact with a client, the headhunters at an executive search firm get to work. The search at Amrop goes through 8 different stages:

1. Briefing

After the first contact with the client, a headhunter from Amrop prepares a briefing that clearly indicates the position to be filled, the role, the sector and any competencies.

2. Sector analysis, drawing up job description and scorecard

A headhunter then starts talking to the stakeholders. What kind of candidate do they envision? The headhunter also makes an analysis of the sector. Are there certain characteristics for this sector that might also be found in other sectors? For each sector, Amrop has an in-house specialist who knows how this sector works and what challenges it will face in the coming period.

In addition, an extensive job description is drawn up. Besides all the hard requirements, this also contains, for example, a translation of the family values in the case of a family business.

Finally, Amrop's headhunters also create a scorecard. That scorecard contains the elements that are important for this role. Both in terms of knowledge and experience and people skills. If necessary, a weighting of these scores is also determined.

The job description and scorecard are discussed and finalized with the client.

3. Determine search strategy

Based on the analyses and job description, Amrop creates a search strategy. Where will the initial search take place - in the same sector or outside it? In the Netherlands or abroad? In which age category?

4. Search, approach

The search begins. By searching online and using the network, a longlist of candidates is created. For each candidate, the scorecard is completed. This eventually creates a list of interesting candidates. At Amrop, a client can look at the profiles of these candidates through a system. This way, a client stays informed about the executive search process and can, if necessary, respond to potential candidates in the interim.

The candidates on the list are then polled by the headhunters for the position. Is the role something for them? Are they open to it? Is this the right time for such a move?

In many cases, a headhunter gets zero response at first. Top executives receive many requests from executive search firms. It is then the art of the headhunter to still interest a candidate in an initial interview.

5. Interviewing, selection

The executive search firm then speaks with a number of interesting candidates. Sometimes several interviews take place. To give an idea: Amrop's headhunters talk to about 700 to 1000 candidates a year. The headhunter makes an assessment of the candidate, based in part on the job description and the scorecard. Ultimately, this leads to a shortlist.

6. Shortlist for client

The shortlist is discussed with the client. Because the executive search firm has spoken to all candidates personally, the headhunter can explain exactly why the candidate fits the role sought.

7. Client interviews shortlist

It is then up to the client to speak to a number of candidates themselves. Is there a click or is there no click? At least 80% of the shortlisted candidates can handle the job, but the personal aspect is at least as important for this type of position.

8. Appointment of candidate

Finally, the client selects one of the candidates and the appointment follows. But the concern of the executive search firm does not end there. During the first year, Amrop contacts the client and the candidate several more times to see if both parties are still satisfied with the appointment.

First phase executive search process takes 8 to 9 weeks on average

Between the first contact between the client and the headhunter and the selection list of candidates is on average 8 to 9 weeks. After this, the client starts talking to the candidates and any negotiations follow. In practice, this phase often takes more time than the previous phase.

An executive search agency goes further where HR stops

To find the right professional, you need professionals. An executive search is not a job for an HR department. In a company, the HR department focuses on setting and executing the HR strategy.

In finding the right candidate for a position, it is not only important that the candidate's resume shows that this man or woman is fit-for-the-job. Far more important is the potential candidate's character. Does he or she fit with the company? This kind of information cannot be found on LinkedIn or in a resume. For that, you need to speak with candidates and be able to weigh qualities against each other. Perhaps the candidate lacks a certain quality but can be developed further.

Every candidate is different, but certain core competencies are important

There is no such thing as the ideal candidate. Finding the right director is customized for every role and every company. But Amrop's headhunters do look at certain core competencies:

  • Intelligence
    Above all, development is also important here. Has the candidate not made it too easy on himself?
  • Passion/drive
    How far does a candidate go in other side activities or hobbies? Does he or she want to get the most out of it?
  • Willingness to take risks.
    Does the candidate dare to step out of their comfort zone?
  • Agility to learn
    Can the candidate achieve results quickly by making processes smarter?
  • Authenticity
    Does a candidate dare to be themselves and set their own course?
  • Creating own conditions
    Does a candidate dare to show initiative by making improvement proposals?
  • Self-reflection
    Is the candidate willing to learn from more experienced colleagues?
  • Dealing with feedback
    Does the candidate see feedback as an attack or an opportunity to learn from it?
  • Entrepreneurship
    Does a candidate pick up new business within the existing frameworks of an organization?
  • Result-oriented
    Are initiatives taken up and completed with a result?
  • Ability to empower others
    Can the candidate take others in tow and inspire them?
    An executive agency can be engaged for different roles

An executive agency can be hired for a variety of roles

Organizations hire a headhunter not only when a new ceo needs to be found. An executive agency can look for various c-level positions. But a headhunter can also be of added value when searching for senior management positions below the board of directors. Consider, for example, finding a general counsel, another legal position, a compliance officer or a company secretary.

Amrop can be used not only to find the right director or manager at the c-level (via Board Advisory or Interim Management) but also for positions at the c-minus 1 or c-minus 2 level. In addition, Amrop can play a role in leadership development within an organization.

Executive search can be used in various sectors and companies

A professional search for the right director is not only reserved for companies in the AEX index. Executive search provides the right directors for many different companies in various sectors. Examples include the automotive sector, construction, energy, public sector, law firms, life science and professional services.

Also for diversity at board level

When an organization is looking for more diversity at board level, engaging an executive search firm is a smart move. A headhunter starts a search with an open mind and also has an eye for women at the top and candidates from different cultural backgrounds.

Executive search in the Netherlands

There are many different executive search firms operating in the Netherlands. Many of them operate from Amsterdam.

The Dutch market is dominated by a few large international players. Unfortunately, bigger is not necessarily better in the executive search market. In fact, in many cases these dominant agencies are bound by certain “off limits” agreements.

Off limit agreements distort market

An “off limit” appointment means that the agency may operate for a company on the condition that the agency does not approach employees for positions elsewhere. These agreements work to distort the market because they prevent a headhunter from presenting all candidates who might be suitable for the position it is trying to fill.

Amrop operates globally but partners are their own entrepreneur

Amrop operates globally but works with a partner structure. Amrop's headhunters are therefore their own entrepreneurs. This ensures that they also have a good understanding of what entrepreneurs, in a family business for example, are looking for.

Amrop focuses primarily on companies listed on the Midcap and Smallcap indexes. Amrop also works a lot for family businesses.

Hiring a headhunter can save you from costly mistakes

The right man or woman in the right place can bring great success and substantial growth to an organization. Unfortunately, the other side is also true: misfilling an important position can do a lot of damage to a company or organization:

  • Precious months are lost in which the company or organization has stagnated.
  • The right candidate will have to be searched again. This costs time and money.
  • The person who has to leave the field also has a blemish on his record and thus also suffers damage.

A professional approach to the search for a candidate saves valuable time. The right man or woman in the right place is worth their weight in gold.

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