Technology has transformed the business world. Software has invariably replaced human factors. Recruitment CRM can be used to assist in the hiring of recruitment agencies. Executive search software now does the job by actively sourcing executive candidates. This allows you to convert passive candidates from different websites into active candidates when needed.

Executive Search Versus Recruitment Agencies

A report from the British Chamber of Commerce (BCC) shows that the UK’s job market faces a shortage of skilled workers. Three quarters of manufacturing firms lack qualified candidates, and 71% of service companies do not have the right people for their jobs. This is just one example of many across the globe.

Similar to the above, it is ultimately on these agencies and recruitment firms that bear the brunt of this burden.

Although it may seem like they are very different, executive search agencies can be quite different from recruitment agencies. Let’s take a look at both.

What does it take to be an executive search company?

Executive search agencies act as a middleman between candidates and companies. These agencies provide executive search services for companies, including headhunting and sourcing qualified candidates. The agencies don’t hire their own employees.

They choose from a variety of candidates, and ultimately look for the best fit for the company. Executive search firms may screen candidates and encourage them to accept the job. They can’t hire candidates by themselves.

What is the Work of Recruiting Agencies?

Third-party agencies are not associated with any company. Recruitment agencies, however, work directly with companies to fill vacant jobs, which is not the case for executive search firms. They offer a variety of services, including prescreening candidates and processing them for interviews and final selection.

However, agencies play a vital role in recruiting. Posting jobs is done through newspapers, magazines, and social media sites like Facebook and LinkedIn. Executive search firms, on the other hand are active in their talent hunt.

They can work in close collaboration with HR departments from different companies to understand their specific needs. Executive search agencies then contact candidates directly using data from other websites. They choose candidates for positions that are not possible to fill through traditional methods of recruiting.

The Role Software Plays in Executive Candidate Sourcing

A company that does executive search needs to do extensive research to find the right candidates to meet their clients’ requirements. Executive search software can make the process of sourcing executive candidates easier. It makes it easier to source executive candidates.

• Examine the base data in executive resumes.
• High-value data extracted from social media sites such as likes, feedback, references, and referrals from trusted source.
• This expedites the process of sourcing executive candidates and improves the efficiency of executive search companies.
• Software automates functions such as candidate assignment delivery and back-office streamlining.
• You can build business relationships with clients and maintain better relationships through improved day-today search.
• It is cost-effective and ensures compliance with the GDPR (General Data Protection Regulation). This ensures that candidates are protected and your company is able to manage risk.
• Using LinkedIn profiles and executive resumes online can help candidates be found during the executive search process. Software that can automatically provide information about the intangible characteristics of your client is a great tool for executive search. This software can provide information beyond the executive resume. It will show you how and with whom your candidate interacts.
• Executive search software offers clients web access to their assignments through a client portal. Clients can view all candidate and assignment information through one portal. Clients have the ability to give feedback on candidates and assignments, which provides a high-quality customer experience.

Wrap it up

Any executive search agency should have this software. It allows you to have a direct digital relationship with both your client and candidates looking for executive candidate sourcing. Your agency can improve communication and collaboration between the two wings by using this triad. Better communication is key to trust. Trust is the backbone for any business.