Using an executive search firm is one way to fill a leadership vacancy in your company. But is it the best and most cost-effective option?
Many organizations use top executive search firms because they always have. Or, perhaps they never knew a better way to tap into proven leadership talent. No fault to them—they’ve simply never realized there was another alternative.
Truth be told, there are several reasons why using an executive search firm may not be the smartest route to lock in the leadership you need. Here’s what top executive search firms will never tell you:
The Hidden Downsides with a Traditional Executive Search
A Smart Alternative: Interim Executives
One secret weapon for many companies in Europe (and also a growing number in the U.S.) is the use of interim and fractional/part-time executives. Here’s why an interim, fractional or project-based executive is a faster, cheaper and better alternative to traditional full-time placement: