Everyone knows the phrase, “time is money.” In the case of recruitment time is much more.
When an executive search gets off track and the role goes long unfilled, there are serious consequences
Losing the Perfect Candidate
Silicon Valley is hot. Many of the best executives in the market are entertaining multiple job offers at once and will pick another role if left to wait to hear from you.
While the search effort languishes there is a whole organization left without a full-time leader. This can diminish employee morale, company performance and put strategic initiatives at risk. The sooner the right executive is in place, the quicker he or she can start contributing.
Good Silicon Valley companies are under the public microscope. Roles left unfilled for long periods of time do harm investor confidence and weaken the faith of potential candidates.
Candidate / Placement Morale
Who wants to be left in the dark for long periods of time? Without honest and timely feedback, candidates can easily lose faith in the hiring company or feel that the company is not confident in them-even if they are the eventual hire!
Wasted Client Time
The hiring managers leading a search have better things to do with their time than interviewing yet another slate of candidates. If they have already seen qualified and closable options, it a waste of valuable management time to lose them to other opportunities because their decision making was too slow.
The long languishing search process is not a myth. We all hear about high caliber roles that have gone unfilled for six months and more. The waste and devastation of such an extended process is painful to contemplate.
The most successful searches are brought to a close quickly through true partnership. This means both hiring company and search firm working with urgency together to find that leader who will be a positive influence on an organization for years down the road.