When hiring for a new position, companies may come across two common approaches: permanent recruitment and executive search. While both help business find suitable talent, they are typically used for different hiring needs.
Permanent Recruitment
Permanent recruitment focuses on finding candidates for long-term positions. It can cover a wide range of professional roles, depending on the company’s hiring needs.
Recruitment usually involves understanding the role requirements, sourcing suitable candidates, screening applications, and assessing candidates based on their skills, experience, and suitability for the position.
The candidate pool can include both active jobseekers and professionals who may be open to new opportunities.
Executive Search
Executive search is a more targeted approach, commonly used for senior, leadership, or highly specialized positions.
The search often goes beyond active applicants. Recruiters may identify and approach professionals who are not actively looking for a new role but have the experience and expertise required for the position.
Executive search also tends to involve a deeper assessment of a candidate’s career background, leadership experience, industry knowledge, and overall suistability for the role.
Differences?
The key differences come down to the search approach.
Permanent recruitment may be suitable when:
- The role has a broader pool of qualified candidates.
- The position is an established permanent role.
- The company is looking to hire professional-level talent.
- Candidates can be reached through a wider recruitment process.
Executive Search may be more suitable when:
- The position is senior or highly specialized.
- The available talent pool is limited.
- Specific industry or leadership experience is required.
- The company needs to reach passive candidates.
- The search requires a more targeted and confidental approach.
Executive search, due to higher allocation of resources, will cost more. Hence, most companies would reserve this service only to the top-level or highly specialized positions.