Recruitment & Executive Search Firms: Advantages & Benefits

Recruitment & Executive Search Firms: Advantages & Benefits

There are various industries and markets which have a constant demand for candidates in which recruiters in the HR department would seek to fill those roles to align itself with the organisation’s growth plan. In certain industries like science, tech, aerospace, semiconductors, and advanced manufacturing, the markets are usually candidate-scarce and acquiring the right talent is a very time-consuming process that has a chance of ending up with little or no result.

In such markets, job portals might not produce fruitful results for a variety of factors such as the industry being niche, whereby an application could jeopardize their current job if word gets out. Such organisations also tend to value their employees higher and provide an array of benefits on top of their salary to retain them. There are also non-compete causes enacted within to prevent poaching of these candidates. These factors alone reduce the number of suitable active candidates which is a big problem as 70% of the market consists of passive candidates who do not actively search for a new job – they only consider an opportunity when approached.

For instance, in the aerospace industry, taking Airbus as an example, 300 highly-skilled engineers are employed to design long-range aircraft such as the A380 which costs USD$445.6 million – going to show how every engineer plays a pivotal role in contributing to the output of such an aircraft that will generate revenue for the organisation. The loss of talent or failure to find such talent will be a contributing factor to a delayed output and a loss of potential revenue. Recruitment and Executive Search firms charge rates for an engineer ranging from USD $20,000 to USD $200,000 which is a small price to pay for the potential revenue that would be ultimately generated.

By applying the Pareto Principle, the top 20% of Recruitment and Executive Search firms have 80% of the industries’ connections in their hands. Henceforth, for industries that are candidate-scarce and where policies are put in place to prevent or hinder headhunting within organisations, agencies are the most promising option due to their strong focus in talent acquisition. They are well-knowledgeable and networked in these industries due to their massive exposure and connections that they have which will allow them to find the most suitable candidates that will add value to their clients’ organisation.

ALG specializes in recruitment and executive searches for highly technical industries and is one of the pioneers in talent transformation whereby the focus is not on repetitive recruitment and placing like other agencies but on ensuring that every candidate is also a cultural fit and shares the same end-goals with guaranteed developmental potential in the client’s organization. With over 70,000 candidates on hand in multiple niche industries, ALG has placed C-suite executives, niche engineers, and developers more multiple clients globally with proven satisfaction. Contact ALG to find out more!