MAKING HEAD
HUNTERS WORK FOR YOU
One day the phone in your office
rings. It's an executive recruiter, speaking as if she knows you.
She touts your accomplishments and resume, and whispers sweet
financial nothings in your ear. She wants to float your name for
several lucrative possibilities.
You ask yourself: Who is this woman?
Am I jeopardizing my job by listening to her? Can she really help
my career?
Quickly, the answers: She's an executive
recruiter. You're not jeopardizing your job by listening to her.
And yes, she can really help your career-though that's not a foregone
conclusion.
Headhunting
and the New Economy
Companies are evolving new strategies each quarter in order to
stay competitive. Most don't have time to put ads in the paper
to fill positions. And job listings were never a really good way
to get a job, anyway.
These days, executive recruiters
are increasingly responsible for finding and placing employees,
particularly for high-level positions. Companies hire recruitment
firms to find talented employees and bring them in to take high-salaried,
high-profile jobs that are not often publicly advertised. Some
industry surveys suggest that recruiters play a role in 30 percent
to 40 percent of all new hires.
If you're dissatisfied with a job,
seeking a mid-career challenge, or just like to have options at
your disposal, an executive recruiter may be the perfect agent
of fate. And you don't have to wait for one to call.
How Recruiters
Work
Recruiting firms are employment agencies. Companies hire executive
recruiters to find and bring in candidates for management positions-anyone
with two years of professional work experience on up. The corporation
is the recruiter's client, and the job candidate is the product.
Thus, recruiters normally find a person for the job, not a job
for the person.
Recruiters are compensated either
on retainer or a contingency basis. Retainer firms have exclusive
contracts to handle higher-level positions involving five-figure
salaries.
Most firms are specialized in some
manner, either regionally, by profession (such as accounting,
advertising, marketing), or industry-such as high tech or pharmaceutical.
Some firms have exclusive contracts to do all of a company's outsource
hiring.