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Here’s what top executive search firms look for. Ruth Umoh. December 17, 2024 at 2:30 AM. Top search firms use rigorous methods to identify who has CEO potential. (Illustration by Studio Muti)
A 2022 industry newsletter ranking of the largest executive search firms in the Americas listed estimated revenues of 50 firms, with top five being: Korn Ferry, Russell Reynolds Associates, Spencer Stuart, Heidrick & Struggles, and Egon Zehnder. Each of them had more than U.S. $450 million in estimated revenues, and more than 300 consultants.
Executive search (informally often referred to as headhunting) is a specialized recruitment service which organizations pay to seek out and recruit highly qualified candidates for senior-level and executive jobs across the public and private sectors, as well as non-profit organizations (e.g., President, Vice-president, CEO, and non-executive-directors). [1]
Ladders, Inc. is a United States–based company providing career news, advice, and tools and an online job search service. [1] Their search service only lists vetted job offers with annual salaries of $100,000 or more.
Likewise, executive positions are often tasked with making difficult decisions when company emergencies occur such as public relation nightmares, natural disasters, pandemics, or a slowing economy. Businesses that have made headlines for undesirable cultures may also have a difficult time recruiting new hires. [ 46 ]
The firm also provides C-Suite recruitment services for positions like board of directors and chief executive officers, corporate affairs officers, digital leadership, financial officers, general counsel and legal officers, human resources officers, marketing officers, risk and compliance officers, supply chain officers, and technology officers.
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