Many clients these days are actively seeking executive search and assessment to get the most perfect fit for their leadership positions. This development has brought about many positive changes. From the enhancement of talent selection to the candidate’s development after a job-acceptance to succession planning for the future leadership vacancies- a lot of bullet points are on the agenda of recruitment firms as well as the multi-national companies seeking candidates.
Just like everything else, executive recruitment companies are in a change mode. It’s expanding and diversifying the functions and services beyond the average. Executive search or recruitment isn’t the only job they are busy at. They are also busy adding new roles and responsibilities to their portfolio like succession planning, board advisory, executive coaching, and assessments.
These executive recruitment companies also provide recruitment software to the top global recruitment alliance. The pace of technology has pushed leadership positions into the limelight. The skills and competencies required today didn’t exist before. Not to mention, these skills have become very complex. For example, a chief human resources officer needs to know everything about the latest recruitment industry trends in employer branding, employee experience, ergonomics, ethics, and compliances.
Recruiters still are dependent on technology and data from history to fulfill the kind of responsibilities that are required today which certainly isn’t sufficient. Technology has hugely impacted the search for the top talent. The software today have really improved themselves on parameters of role-playing, in-depth interviewing, situational responses, and role-playing.
Clients aren’t just satisfied with the executive search. They want more from executive recruitment companies that is to say counseling on a broad spectrum of topics, advice on board leadership, assessment of leadership teams, culture shaping, and succession planning. To say in a simple language, they want exact agility to suit an ever-shifting climate of business and accelerated speed of technological developments and advancements. All added services are on top of and complementary to the basic function of hiring leaders and executives as per the needs.
The recruitment industry trends never settle. It’s always in the process of evolution. With new regulations trickling in like the United States Compensation History Laws and General Data Protection Regulations (GDPR), steep penalties can be levied which will totally ruin a business. Compliance with such rules is mandatory to stay put in the industry with a steadfast determination. If you aren’t clear about what these rules entail, it’ the best option to hire services of a legal advisory authority.
Another of the recruitment industry trends making rounds is merger and acquisition of executive search firms. This new trend is the result of lack of some services with one search firm and availability of new services with smaller and new companies. The bigger firms acquire the smaller firms to be ahead in terms of new technologies and services. That is the reason too for a lot of surveys going out from these firms to see where they are lacking- the verticals and the horizontals.