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On the surface, it may appear as if you have more to lose
than to gain by accepting an exclusive working relationship
with your corporate recruiter. After all, why limit
yourself to one resource when other firms may be able to
provide assistance? The answer is that if you want to have
control, it pays to dedicate yourself to one executive
recruiter and develop a trusting relationship that will pay
dividends for years to come. So the next time you are faced
with that alternative, consider the following reasons to
institute an exclusive search firm policy.
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1.
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You receive the focused attention to your search that you
deserve and should demand. Quality search firms have
exposure to dozens of opportunities each month in today's
demand-side-oriented market. You control their commitment
to dedicate themselves to your search by offering
exclusivity.
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2.
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You save time and protect valuable information by
disseminating corporate policy, hiring profiles,
compensation plans, etc. to only one confidential source.
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3.
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You eliminate the possibility of getting into a tug-of-war
over a valuable candidate presented by more than one source.
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4.
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You create a relationship based upon service and trust, not
bodies. An experienced search consultant who is treated
like a partner will counsel you on critical hiring issues
and trends; i.e., counteroffers and incentive plans.
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5.
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You can demand performance criteria from your search partner
based upon your sole-source agreement. For example, if you
select a firm that specializes in your field and has the
confidence to fill your requirements, an extended guarantee
period is reasonable.
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6.
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You become a team with your search consultant, combining
your forces to implement a recruiting, negotiating and
closing strategy that works repeatedly.
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7.
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You do not have to tell the same "story" over and over again. Once a competent recruiter knows your likes and dislikes, he or she can zero in on your target
consistently without exhaustive effort.
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The bottom line is that if you want more control over the
process of identifying and securing your next critical hire,
choose one search firm well and cultivate that relationship.
Look carefully for a recruitment company that knows
something about your company, its products and your
"buzz-words." Make sure the recruiter has placed similar
executives to the one you need. Consider the fact that this
relationship deserves the same value that you put on your
selection of an attorney or accountant. You would not want
to rely on more than one CPA if the IRS came knocking, would
you?
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