Corporate Frequently Asked Questions
(Click here for candidate FAQ)
- How long it will take you to find a top executive for me?
- How much it will cost me?
- How do I decide how much I should pay a top executive in Romania?
- Is our own HR Department a better option?
- Why choose your services over a recruitment agency or a newspaper ad?
- How much it will cost me to conduct the search internally or if a wrong person is hired on a top position?
- What happens if the candidate is hired and she/he does not integrate well in my company or does not perform as expected?
- What is your privacy policy? How will you look for a candidate?
- What does Retained Executive Search Consulting/ Retained Executive Recruitment mean?
- What is a retainer fee?
How long it will take you to find a top executive for me?
A local search (in Romania) usually takes between five to seven weeks to complete with a maximum of eight weeks. A cross-border search (in up to 3 countries) for a top management position can take up to twelve weeks to finalise.
How much it will cost me?
Our normal executive search fees are in line with the international market and represent a percentage of the gross annual salary for the searched position.
The salaries of the top and senior executives are usually not small; however, hiring an experienced and trained professional will result in a fast return on this investment.
How do I decide how much I should pay a top executive in Romania?
As part of our services we will advise you in terms of suitable packages depending on current business, next years' goals, as well as market specific information.
Is our own HR Department a better option?
Our network and exposure is much higher. Besides, we could cover your competition as well, without jeopardising the image/plans (the confidentiality is strictly kept) of your company and attracting much more potential candidates.
Besides, your HR department is responsible for much more than recruitment: training, organisation development, complying with labour law, administrative tasks etc.
Asking them to search for a top executive will result in less time being allocated to other functions they perform. And your HR department simply does not have all the tools and advantages of a specialised executive search company, thus not being able to cover the entire market.
Besides that, top professionals are more likely to meet with a third party consultant rather than directly with a company (unless it is a very trustful relationship between them already).
Why choose your services over a recruitment agency or a newspaper ad?
Recruitment and selection agencies are very useful for recruiting entry and middle managers where the focus is on analysing potential rather than business experience and where there are usual many suitable candidates for the position being available.
The main tools used in recruitment are: existing databases, newspaper or internet ads and networking. However none of these can ensure a thorough scan of the market, as it happens in Executive Search.
No database is large and updated enough to include all the professionals that could be suitable for a certain position. A newspaper ad can only reach some of the professionals active on the job market. The reach is also limited to those reading the newspaper ads section the day the ad is published.
Finally, the network of the executive search consultants is usually many times larger and targets the needed decision makers, also because at top level any client can become a candidate and vice versa (of course this is not the case in middle management selection and recruitment).
How much it will cost me to conduct the search internally or if a wrong person is hired on a top position?
Should you decide to conduct the search internally there are various direct costs you should consider: salaries and overhead for people involved, money spent specifically for recruitment process (e.g. press ads), more time assigned by the middle and top management involved in the recruitment which they could use for producing business.
Also an internal conducted search is unlikely to have the specific strategies a consultant uses and to cover the entire market of suitable professionals and you do not take advantage of the guarantee offered by an Executive Search firm.
Due to less coverage, the risk in hiring the wrong person is higher and can become a very costly mistake. This eventually doubles or triples the internal costs, the recruitment costs and the time required for this process.
But there are other more important negative effects that you need to consider such as: time and funds wasted waiting for the wrong manager to optimize/develop the business, stress on the existing team that needs to cover the tasks of the manager you are looking for and, most important, a potential decline in the company's competitive position on the market.
What happens if the candidate is hired and she/he does not integrate well in my company or does not perform as expected?
Our after-placement services and continuous communication with both the Client and the person hired are aimed at minimising the integration issues that might appear.
We also try to prevent these problems from appearing by conducting a very detailed initial consulting stage, where we learn about your expectations, business, team, strategy and goals.
However, in the very rare cases where one of the placed candidates will end the collaboration within a defined period from the hiring date, irrespective if it is a resignation or a dismissal, our firm shall repeat the respective Search without further Professional Fees.
What is your privacy policy? How will you look for a candidate?
We treat all requests as highly confidential and will discuss with you all the actions we take to find the right candidate for your company.
In practice it is at your decision of how public the search will be. All these aspects will be addressed in the initial meeting.
What does Retained Executive Search Consulting/ Retained Executive Recruitment mean?
Retained Executive Search is professional service (that is a specialized form of management consulting) adressed exclusively to legal entities/institutions and not to individuals, based on an exclusive engagement and on a retainer-fee basis which is determined before the start of the assignment.
What is a retainer fee?
A non-refundable advance payment for services to be performed by an Executive Search firm/consultant and is intended to insure that the firm will represent The Client.
A retainer fee arrangement is due when a client comes to an executive search firm with a complex request demanding extensive work.
For more information:
Contact one of our consultants
