How to recruit an external CEO: a practical guide
Many would argue that bringing in external talent to replace a CEO is an example of failed succession planning. However for many SME’s and small-cap listed …
2min Read
The key to attracting and recruiting A-Grade executive talent is to have a comprehensive A-Grade recruitment process that maximises ROI and minimises risk. The A-Grade Recruitment workflow developed by Checkside can take around 100 man hours to complete, and includes over 30 sub-steps fitting into the following four stages:
This article focuses on the ‘search and attract’ stage of the overall process, which can only come after a rigorous design and scoping process.
The design and scope stage takes the guesswork out of the search process so you can focus on attracting talent that can meet the key outcomes and competencies that have been identified for the role.
At the conclusion of the design and scope phase, you will have a solid foundation for your executive search, comprising:
Finding A-Grade people is never easy, but it’s not impossible. You need to understand where A-Grade talent ‘lives’, what they are looking for and how to reach them.
Companies that are great at recruiting know how to build and manage talent pools that they can tap into at short notice, but this requires dedicated time and effort. And running alongside any recruitment process should be an employer branding strategy to position your company successfully to the talent you are after.
Technology plays its part in attracting talent, but this is just a piece of the puzzle and the following should be considered as part of your total search strategy:
The importance of the passive market cannot be underestimated, neither can your headhunting strategy. It’s often your best play, but you need to be organised. Leveraging talent pools, creating a target list of potential candidates and agreeing on the messaging and approach strategy is critical. Any lags or drags will hurt you.
A combination of tools can be considered when messaging people online or via social platforms. It’s important to remember that each platform is unique and a ‘one message for all’ approach is unlikely to be as effective as applying filters and personalisation where you can (it’s worth getting expert help here).
Ideally, your team (and board members) will become a search party when it comes to finding talent. With a clear view on what an A-Grader looks like, you may be surprised by the depth of relevant talent your company is already connected to. An internal candidate referral and reward program may also be a relevant strategy.
Your external advisers and stakeholders will often have a vested interest in helping your business succeed. Your one-page summary and a succinct messaging strategy can help them help you.
Whilst this is unlikely to have as much impact as a good targeting strategy, job boards can sometimes add ‘unknown’ talent to the candidate pool. The danger is that you will fill your pipeline with B and C candidates who don’t fit. You need to be as specific as possible when going this path.
An employer branding strategy to position your company successfully to the talent you are after should run alongside any recruitment process. This should include how you are different in a way that matters to A-Grade talent (such as your underpinning archetype and your employee value proposition (EVP) – things you provide for employees that they really value and might not expect to get with other employers.)