What impact does head hunter make to business in financial in-stabilised economy?
The Head Hunters
We are in the middle of a financial downturn and it affects personal and professional lives of an individual at large. The financial instability has left many people unemployed and rest to work under extreme restriction. It does not surprise, if financial volatility affects Top management Recruitment. In such adverse effect getting right candidate from the market is one of the most exigent tasks to perform, below are some of Top Reasons Why Head Hunters?
- Supply of Workforce Exceeding Demand: With the cut throat competition, the demand for niche and Strategic positions has always been higher, particularly for top management roles. In times of financial downturn a large number of companies are folding up leaving the top level employees jobless along with the others, and on other hand there would be pool of excellent candidates available for Jobs and selecting one out of top Chaps is just not easy.
- Unsteadiness in the Business Sector: The financial instability creates huge unsteadiness across business sectors. The Heavy Weights companies failing, undoubtedly SME’s section feels the spot of burning of not getting top talents to hold the company’s growth in the market. Employees at top management are not willing to change their current roles, due to high risk involved in joining new company.
- Restricted Compensation: The major movements of top management depend on attractive compensation, but at times of financial instability, it becomes way difficult for companies to spend on their employees, even at the top management. The financial Stability makes it very difficult to recruit people at the top level.
A Professional Head hunter has very different way of analyzing and searching profiles, they have excellent Convincing and Negotiating skills; their goal is to find top performers from the direct competitors, who can add value to their clients. Head Hunters Play most important role in shaping companies goal at large by convincing Top Performers of market to work with your organization and take them towards next level.
