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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]
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 ]
With countless investment websites, firms and investments to choose from, getting started investing can feel like trying to pick the prettiest blade of grass in your lawn.
Stanton Chase is a member of the Association of Executive Search Consultants (AESC), which sets industry standards for ethical codes of conduct and practice standards. [ 14 ] Stanton Chase is also a member of the 30% Club, which aims to increase the number of women on boards by taking voluntary steps.