Written By Andrew Slade
In an age of rapid technological advances, nearly every industry has seen major transformations. It’s no surprise that this has been the case for the executive recruitment industry too; no longer are the days of advertising job openings in newspapers! Only the best executive search firms are able to utilize digital advancements and constantly improve their operational processes, and when it comes to the recruitment process, there are two steps that have been particularly affected by technological advancements.
Sourcing. Our primary role as an Executive Search Firm is to identify future talent for our clients and ensure that we find the very best candidates for our clients’ job openings. In previous years, search firms had been mapping talent through good ole fashioned networking. And while this approach is sometimes still useful, our ability to utilize digital resources such as LinkedIn, social media, and website postings has allowed us to more affectively access high caliber, passive candidates. Passive candidates are those not necessarily looking for new opportunities, and are usually successful at their current position. These are the candidates that all search firms aim to identify.
Interviewing. The digital age has also heavily impacted the interview process, making to face-to-face interviews a thing of the past. And while digital tools may never completely replace human to human interactions, only the successful firms will be able to stay on top of technological trends and adapt with the times to remain competitive. The competitive search firms have found ways to minimize the opportunity cost for candidates, and this begins with limiting the time commitment required to explore other opportunities. By using tools like Skype, FaceTime and, most obviously, the phone, we are able to more effectively attract and screen higher-caliber candidates.
Despite these changes in the recruitment process, our overall objective has remained the same: find the very best candidates for our clients’ job openings. And while technological advances have made our objectives more easily obtainable, it has also had major benefits for our clients. We now operate on a contingency basis; if we don’t fill a position, we do not fee our clients. So in short, technology has helped progress the foundations of the recruitment process to provide better services and deliver top talent to our clients.