How to Hire Executives Faster

Leaders are essential for building a great company and keeping a great company going when an executive leaves the firm – in both cases, the executive hiring process is strapped for time, which makes it extremely difficult to find the perfect match. If your company is in such a situation, here are a few tips to make the hire easier and faster:

  • Determine your search criteria – if the person who occupied the position until recently seemed to be born for that position, define your search criteria based on the qualities of that person; if you are recruiting for a new position, determine your expectation as precisely as possible, including criteria related to professional knowledge, personality as well as values and standards related to corporate culture;

executive search firms

  • Turn to a recruiter – the executive recruitment process is in many ways different from the process of hiring for other positions. The candidates for leadership positions are high-profile professionals who pick the company they want to work for, rather than being selected by the company, therefore the entire hiring process needs a different approach. Proactive executive search firms with in-depth knowledge of your industry usually personally know people who could make great candidates for your firm, making the entire hiring process faster.

The post How to Hire Executives Faster appeared first on iKadre.

Comments

Post a Comment

Popular posts from this blog

Should You Work with A Boutique Investment Bank in an M&A Deal?

Image
A boutique investment bank is a type of investment bank that specializes in certain industries, in certain geographical regions and usually only in some types of corporate finance, especially in mergers and acquisitions, restructuring and capital raising. They usually assist the companies involved in smaller transactions. A trusted sell my business broker advised me that turning to a boutique bank instead to a larger bank to finance a merger and acquisition transaction can have many advantages: Priority treatment – boutique banks usually handle deals that are of little interest to larger banks and they offer more attention, more personalized treatment to their clients than larger financial institutions. M&A deals usually involve lots of day-to-day activities that can be more efficiently handled by a bank that focuses on the personal relationship with their customers; In-depth industry experience – a boutique bank that specializes in the client’s niche might have more insight ...
Read more

Why Is a Letter of Intent Used in M&A?

Image
The letter of intent is an essential, but non-binding document in any merger and acquisition transaction – the document which outlines the buyer’s intention to purchase the seller’s business and specifies the proposed price and the terms. The phase of elaborating the document and signing it by both parties involved in the transaction precedes the phase of due diligence, during which the buyer confirms important information about the seller, such as the seller’s financial situation, legal status and range of customers. Leading Mergers and Acquisitions advisory firms affirm that the letter of intent is elaborated in the third phase of the preliminary discussions between the two companies, after the initial phase of discussing the general framework for a potential agreement and a second phase of entering various non-disclosure agreements and memorandums. The letter of intent practically summarizes the most important terms of the deal, including the payment terms, the assets that are...
Read more

How Are Mergers and Acquisitions Financed?

Image
Mergers and acquisitions are transactions that the participant companies enter for financial benefits and with the aim of value creation, but they are also transactions that often come with high costs for all the parties involved. Very few companies are able to cover those expenses out of their pockets and they choose a different financing method – According to iKadre M&A consultants, here are the financing options available: Exchanging stocks – this method is quite safe for everyone involved. The solutions consist of the buying company exchanging its stock for shares in the seller company; Acquiring debt – many merger and acquisition deals are motivated by the seller’s inability to pay their debts. A frequently used method to finance the transaction on the buyer’s side is to take over the seller’s debt in return for ownership over the seller company; Initial public offerings – in this process, a company’s shares are sold to investors in order to raise capital for development...
Read more