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As an executive job seeker, executive search firms can feel like a secret club.ย Not all firms are equal and building the right relationships helps you access relevant roles.

To tap into this hidden market effectively:

1๏ธโƒฃ ๐Š๐ง๐จ๐ฐ ๐ญ๐ก๐ž ๐ƒ๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐œ๐ž๐ฌ ๐๐ž๐ญ๐ฐ๐ž๐ž๐ง ๐…๐ข๐ซ๐ฆ๐ฌ

The "Big Five" executive search firms handle the highest-profile placementsโ€”think CEO of Walmart or Chief Marketing Officer of Fortune 100 companies.

Mid-market firms like Riviera Partners, Daversa Partners, and True Search focus more on Senior Director to VP or CPO-level roles, working with everything from seed-stage startups to Public and Private Equity (PE)-backed companies. Boutiques offer a more personalized, white-glove approach.

2๏ธโƒฃ ๐…๐จ๐œ๐ฎ๐ฌ ๐จ๐ง ๐‘๐ž๐ญ๐š๐ข๐ง๐ž๐ ๐’๐ž๐š๐ซ๐œ๐ก ๐…๐ข๐ซ๐ฆ๐ฌ

The retained search firms are relationship-driven. Unlike contingent firms that are paid when a candidate is hired (leading to a high-volume, transactional approach), retained firms are embedded in their clients' businesses. They focus on long-term fit and build relationships with candidates for future opportunities.

3๏ธโƒฃ ๐ƒ๐จ๐งโ€™๐ญ ๐–๐š๐ฌ๐ญ๐ž ๐“๐ข๐ฆ๐ž ๐จ๐ง ๐‚๐จ๐ฅ๐ ๐Ž๐ฎ๐ญ๐ซ๐ž๐š๐œ๐ก

A common pitfall is blasting cold emails to dozens of recruiters.

Instead, you should focus on finding the right recruiter in a firmโ€”someone who specializes in your industry, company stage, investor type, and/or functional area. Even more importantly, aim to get introduced through mutual connections or by someone whoโ€™s been placed by the recruiter before. Your network is your strongest asset here.

4๏ธโƒฃ ๐๐ซ๐ข๐จ๐ซ๐ข๐ญ๐ข๐ณ๐ž ๐๐ž๐ญ๐ฐ๐จ๐ซ๐ค๐ข๐ง๐  ๐š๐ง๐ ๐‘๐ž๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ๐ก๐ข๐ฉ๐ฌ

Spend 75% of your job search time cultivating relationships with people who can introduce you to the right recruiters. This includes:

โ†’ Reaching out to ๐ž๐ฑ๐ž๐œ๐ฎ๐ญ๐ข๐ฏ๐ž๐ฌ ๐ฐ๐ก๐จ ๐ก๐š๐ฏ๐ž ๐›๐ž๐ž๐ง ๐ฉ๐ฅ๐š๐œ๐ž๐ by these firms to find who placed them

โ†’ Reconnecting with ๐ซ๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ž๐ซ๐ฌ ๐ฐ๐ก๐จ ๐š๐ฅ๐ซ๐ž๐š๐๐ฒ ๐ค๐ง๐จ๐ฐ ๐ฒ๐จ๐ฎ๐ซ ๐›๐š๐œ๐ค๐ ๐ซ๐จ๐ฎ๐ง๐

โ†’ ๐Ž๐ฉ๐ญ๐ข๐ฆ๐ข๐ณ๐ข๐ง๐  ๐ฒ๐จ๐ฎ๐ซ ๐‹๐ข๐ง๐ค๐ž๐๐ˆ๐ง profile so recruiters can find you for inbound opportunities

โ†’ Keeping in touch with recruiters ๐ž๐ฏ๐ž๐ง ๐ข๐Ÿ ๐š ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐ซ๐จ๐ฅ๐ž ๐ข๐ฌ๐งโ€™๐ญ ๐ญ๐ก๐ž ๐ฉ๐ž๐ซ๐Ÿ๐ž๐œ๐ญ ๐Ÿ๐ข๐ญโ€”theyโ€™ll think of you for future opportunities

5๏ธโƒฃ ๐Ž๐ฉ๐ญ๐ข๐ฆ๐ข๐ณ๐ž ๐˜๐จ๐ฎ๐ซ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž

Your LinkedIn profile should be more than just a resume. It needs to clearly communicate your value proposition, leadership style, and impact with keywords, ensuring youโ€™re discoverable by the right recruiters. Switch on "open to work" for inbound opportunities.

6๏ธโƒฃ ๐๐ž ๐๐š๐ญ๐ข๐ž๐ง๐ญ ๐š๐ง๐ ๐๐ฎ๐ข๐ฅ๐ ๐‹๐จ๐ง๐ -๐“๐ž๐ซ๐ฆ ๐‘๐ž๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ๐ก๐ข๐ฉ๐ฌ

The key with retained search firms is the long game. You might not be the right fit for a role today, but you could be top of mind for the next search. Focus on meaningful relationships, not just transactional ones.

The right relationships can open doors you didnโ€™t know existed.

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Oct 22, 2024
at
3:16 PM
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