Manage HR Magazine | Monday, January 10, 2022
The end-use industry's increasing desire for efficient recruiting with shorter timelines is a prominent factor predicted to fuel the market's rise over the forecast period.
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FREMONT, CA: Executive search is a specialist form of recruitment that involves attracting highly qualified senior management personnel to a company. It primarily includes hiring for executive positions like the CEO, CFO, HRD, CIO and COO. Executive recruiters, function in a certain industry and specialise in locating market-leading professionals for specific needs. This proactive method does not rely on the conventional techniques of talent sourcing, particularly for younger applicants. Employers approach the firm with senior or highly-skilled talent requirements, and the professional is assigned solely to the placement. The recruiter looks for possible candidates based on the client's criteria for expertise and character.
The Executive Search or the headhunting industry has a long and successful history with a good track record as several industries have expanded. Geographically, the headhunting industry has expanded as companies grew their footprint from industrialized markets in North America and Europe to emerging economies in Asia Pacific, Middle East and Latin America. The end-use industry’s requirement for efficient recruiting with shorter timelines has become a prominent factor to fuel the market’s rise. However, a lack of adequate talents and skill shortages within the targeted profiles is one the primary issues limiting the growth of the executive search market.
The key developments witnessed in the industry were Business Personnel Group, a leading marketplace for high-end independent talent on demand was acquired by Heidrick & Struggles International, Inc. the SPENCER STUART has announced the acquisition of Cambria Consulting based in Boston and also Amrop has established a collaboration with JM Search, a leading executive search and leadership advice firm.
The key players in the market are Korn Ferry, Heidrick & Struggles International, Inc., Egon Zehnder, Spencer Stuart, Hays, Russell Reynolds, Randstad, Man Power, Boyden, and Others.
Verified Market Research gives a holistic overview and global competitive landscape picture with respect to region, country, and segment as well as key players in the market.
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