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Simply said, headhunters are
recruiters, but not all recruiters are headhunters. Another term for the
work that headhunters do is "Executive Search" as headhunters literally
search for candidates, who are usually, but not always, executives.
The Executive Searcher's client is always an organization or a company,
never an individual.
Headhunters are paid by clients on either a contingency or a retained
basis. Firms who accept contingency searches get paid only when a search
is completed and the hire is on board. Companies that work on retainer
usually get the bulk of their fee before the search is complete.
Contingency fees are, generally, for lower level positions and retained
fees for higher level searches.
According to industry standards, fees, contingency or retained, range
from 25 to 33 percent of the hire's first year compensation, which
includes sign-on bonus, if any, base pay and estimated bonus or
commission, if any.
"Don't call us; we'll call you." As you look at the many paths available
to you to attain your ideal position, getting an interview with a
headhunter is the least likely to move you closer to your goal. Even if
you should talk your way into a courtesy interview, it is not likely to
be a fruitful exercise, as these recruiters are focused on finding
candidates who exactly match the qualifications specified by their
clients, not on finding jobs for even the most talented people.
How do they find their candidates? One way, which is how you are most
likely to find your next position, is networking. Advertising is
another. Research, through a variety of methods, including the internet
and trade associations and other directories, plays a major role in
locating candidates.
People feel flattered when the headhunter calls. And there is a valid
reason for that: these folks fill many of the world's most prestigious
positions.
On the other hand, if you are not called, it doesn't mean that you are
not the best in your field. It just means that either your
qualifications are not needed for a position right now or they haven't
heard of you, yet!
By Lois L. Lindauer, Director, Lois L. Lindauer Searches,
www.LLLSearches.com
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