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What is an executive search firm?
An executive search firm searches and recruits highly-skilled persons. The firm acts as an intermediator between a company and talented persons/candidates. Executive search firms are also called ‘Headhunters’
Sometimes, a company requires talented, experienced, and highly-skilled people. The company may not have the time and resources to find a perfect person for the vacant post. Hence, they contact an executive search firm. The firm then seeks out a candidate. Later, the firm vets the candidate. After that, the firm approves the candidate for the company’s vacant post.
What is a nonprofit executive search firm?
A non-profit executive search firm works only with nonprofit organizations. They work with – health sectors, medical sectors, children and family service sectors, educational sectors, wildlife or environmental sectors, etc. They also work with other nonprofit sectors/organizations.
What do nonprofit executive search firms do?
A nonprofit executive search firm helps to recruit highly-skilled persons. These persons are selected for top-class positions (in a company). They recruit – executive directors, development directors, chief-development officers, departmental directors, vice presidents, senior consultants, etc. In short, they help to fill the responsible posts.
Apart from that, a nonprofit executive search firm may offer other services. It can help a nonprofit organization to raise funds. A firm may not have good resources to raise its funds. In that case, a nonprofit search firm can build strategies. These strategies help nonprofit organizations to raise funds.
Some nonprofit executive search firms analyze data. They also develop a goal-plan for nonprofit organizations. They help nonprofit organizations to reach their goals in the future. So, they research. Then, they draw out a well-structured plan. As a result, donors and philanthropic organizations help these nonprofit organizations. Thus, the organizations complete their missions perfectly.
How do they recruit?
Nonprofit executive search firms offer various services. But recruitment is their primary focus. They find the best candidates for job postings. In order to find the best possible candidates, they follow some stringent measures to recruit candidates.
1) Search Process
First of all, the firm uses all its networks and internal connections. These connections help the firm to find out the best-class candidates. These candidates are selected from different areas of service. A vacant post may have many requirements. Candidates are selected on the basis of these requirements. So, their search process is well-planned.
2) Screening Process
Next, the backgrounds of the candidates are checked. The candidates go through interviews. Then, they are asked about their future career plans. The candidates are rigorously tested. Apart from that, It’s also observed – whether the candidates suit the vacant post or not?
3) Final Judgement
Finally, a dedicated and efficient candidate is chosen for the post. The candidate must be interested in the job. Moreover, the candidate should also support the nonprofit organization from his/her heart.
How much do they charge?
There are no fixed charges or commissions. A nonprofit executive search firm decides its own prices. So, the charges may vary.
For example – A firm may charge 30% of salary from the recruited candidate. Though, they may charge it once. It can be deducted from the candidate’s first month’s or first year’s total salary.
Why should you hire a nonprofit executive search firm?
A nonprofit executive search firm is a different and in many ways better than recruitment agencies. They don’t only recruit on the basis of the candidate’s academic grades. They conduct profound research before recruiting a candidate.
They work with nonprofit organizations. So, they don’t focus on money. Their primary goal is to help the helpless. Hence, it’s a great idea to hire a nonprofit executive search firm.
