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The Fordyce Letter

Straight Talk for the Recruiting Profession


Articles tagged 'executive'

Industry News

Interim Association launches outreach effort to Private Equity firms during Great Recession



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The Interim Association has launched an outreach effort to Private Equity firms to promote the Association’s members, especially those fulfilling CFO, COO, and CEO Private Equity interim assignments.
The Interim Association and its members:
  • Represent a substantial network of over 5000 experienced executives available for opportunities
  • Cover the spectrum of C-Level, VP, and Director titles
  • Include seasoned executive talent in a wide variety of industry sectors such as Healthcare, Pharma, Consumer, Hi-Tech, IT, Industrial and Energy
  • Hold deep experience in leading Private Equity held businesses, M&A, turnarounds, restructurings and exit activity
The interim management industry, a $3.8 billion dollar industry in Europe, is poised for dramatic growth in the United States. CNN Money has estimated the interim management industry in the U.S. alone to be a $26 billion dollar industry in the next decade.  The mindset is shifting in those who hire interim managers and those who are interim executives in America. Anne Fisher, a contributing writer for Fortune wrote of the industry: “Only about 10% of those polled say they’re doing contract or interim work because they got laid off; the overwhelming 90% majority jump from one employer to another because they like the variety and flexibility of it.”
The Business of Recruiting

Should You Be An Executive Talent Agent?



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Being retained by, advising, advocating for, and representing prospective employees can be a fulfilling career in the recruiting industry, especially for those who enjoy individual job search coaching, extensive interaction with candidates, and focusing on individual candidate’s needs.

Executive talent agents and headhunters (also called executive search consultants or external recruiters) are often mistaken for each other. They appear to produce the same outcome: introducing executives to potential new employers. However, the two roles should not be confused. The two professions are paid by, loyal to, and represent separate parties that may have different priorities and opposite interests related to the employment transaction.

For candidates, having an executive talent agent can be a competitive advantage by providing expert, confidential, personalized career guidance, exclusive entrée to prime inside connections, and comprehensive professional services that support the daily job search-related needs of busy executives. Various financial models exist. Some agents collect 100% of their compensation from candidates. Others work on a modest retainer from candidates and charge employers a much larger placement fee. Total compensation for each client can range from a percentage of an executive client’s annual compensation to a project-based or hourly fee. While executive agents are engaged by candidates, hiring authorities also benefit when an experienced third party serves as a liaison brokering a transaction.