The evolution of executive search and selection | 2019
Executive search and selection has largely become the most effective method of appointing and retaining highly-qualified individuals for c-suite roles within a business. By going beyond the remit of standard recruitment and taking many more features into account before onboarding new members of staff, aided by advancements in technology, businesses are now able to headhunt the best individuals to suit their needs more accurately.
The introduction of strategies like talent management and succession planning has further benefited the accuracy and development of executive search and selection, allowing businesses to identify critical skills gaps and exact requirements for new hires as well as determining what is needed to replace existing employees to minimise disruption and ensure business continuity.
Early executive search and selection
Executive search and selection has quickly developed alongside technology. Before the rapid rise of the digital age, effective executive search and selection with talent management and succession planning was minimal. With up to 90% of working roles now requiring at least some technology skills, there are many more positions available in the modern workplace – across all sectors.
To deal with such a significant increase in available positions along with new skills to take into consideration when recruiting a potential employee, enhanced methods of finding the most suitable individuals to match long term company ambitions need to be introduced, and thus talent management and succession planning came to the forefront of importance as part of the recruitment process.
An effective talent management plan improves executive search and selection by allowing businesses to develop a system that employs and retains the best possible individuals for c-suite roles to drive the company forward. In the recruitment phase, assessing potential new hires on values directly related to the ambitions of the business can set up long term success. As technology has advanced, so has the need to find and be able to retain members of staff who possess the right skills to save time and efficiency.
When it comes to replacing employees, having a robust succession planning process in place helps to maintain business standards. As employees have developed their skills through the technological age, the skills required to work in these c-suite roles have changed over time, meaning that keeping an updated succession planning strategy together makes executive search and selection inherently easier.
Executive search and selection along with talent management and succession planning have all developed along with technology to enable businesses to manage their recruitment processes and workforce productivity in the best way possible. As executive search and selection keeps evolving, effective replacement and management of those in c-suite roles will continue to exist.
Implementing a consistent executive search and selection process can save time and efficiency when it comes to talent management and succession planning. For help sourcing top talent, contact G&E Partners today.