The ability to make good “people” decisions is today’s most important source of competitive advantage. All factors of production are easily available and accessible to all organizations but what separates the best from the rest is the quality of human resource a company possesses. Top leadership talent has always been hard to attain and this has only aggravated in recent times due to globalization, growing worldwide competition, aggressive headhunting practices etc. With growing demand and limited supply top level executives are so much in demand that companies are paying extravagant salaries, bonuses, perks whatever it takes to attract the best brains from across the world. Newly developing economies such as India and China are also giving fierce competition to business leaders who can now earn top dollar working in these countries as well.
Companies are in need of capable leaders who can steer their firm steadily into the future. Here is where the role of executive search firms comes into play. An executive search firm is a specialist talent acquisition service provider who enables companies to get their dream candidate on board. Executive search firms have come a long way and are today considered crucial participants in a companies recruitment strategy. Also it’s not the big boys of executive search who are in the limelight but also small and efficient firms such as Servnet which is a specialist firm helping companies hire top talent from India. Normally a smaller firm is able to devote more time and resources for a search assignment resulting in faster and better results which are critical to business continuity and growth.
Author: Udit Bhandari.