As a Human Resource leader, Human Resources representative, or business owner, it’s not uncommon for you to find yourself in a scenario where you need to carry out a confidential search. Maybe you have an underperforming employee or executive, or maybe your organization has a new job opening that can’t be revealed to the public just yet. In these instances, as well as other similar circumstances, you will need to execute a confidential search to ensure the job opening is not advertised. It might be challenging to do so, however, some situations will require it.
It’s impossible to grow a business without a strong leadership team to lead you. Finding suitable c-suite candidates, however, is a challenging, costly, and time-consuming process. For a company to avoid losing a potential candidate to a competitor at the last moment, it is vital to learn how to recruit under the radar.
There’s no refuting that a confidential search is one of the most efficient means to hire under the radar. Want to employ a seasoned executive without letting your competitors know? With a confidential recruitment search, you can complete your C-suite in a discreet, fast, and cost-effective manner. We will explain below what a confidential search is, why companies perform a confidential search, what to look for when conducting a confidential search, and how to engage a recruiting agency.
If you are conducting confidential searches, it is strongly recommended that you seek the help of a recruitment agency. If you hire a recruiter, you can avoid having your company or ads traced back to you. At the same time, recruiters will do all the legwork to discover qualified candidates, allowing you to focus on your day-to-day duties and keep operations running smoothly. If this is your first time conducting a confidential search, you may be hesitant to delegate the task to someone else. However, you might be surprised to learn that many businesses choose to outsource this work to a recruitment agency.
Confidential Search vs Traditional Recruiting Process
It’s understandable to look for the ideal candidate for a position, but what’s the difference between a confidential search and a traditional recruitment process? When a business is looking to fill a key position, it conducts a confidential search to avoid disclosing they are actively hiring for a key position to their competitors or the public.
Unlike a traditional recruitment process, which may include publicizing the availability of an open position, the confidential search process is kept hidden until the search has ended. The person a company is looking to replace may be completely unaware that a confidential search for their replacement is underway until it is completed.
Why Work with a Recruitment Agency?
One of the most difficult aspects of confidential searches is determining exactly how not to raise suspicion or increase awareness within your company or organization. In most cases, you’ll need to form a small inner circle of people who can assist you with the search procedure.
Executing a confidential recruiting process internally makes it challenging to guarantee 100% discretion, considering that you need to go to terrific lengths to guarantee that no information is leaked. At times, it comes to be a matter of postponing the news from spreading out for as long as possible. A lot of the moment, a confidential recruitment procedure needs a 3rd party to achieve success.
Given the problems involved in the confidential search process, it has actually become a common method for businesses to discover a recruitment agency to do the search. Because the firm can advertise for the placement in complete confidence, you can have access to a bigger talent pool, which you may not have the ability to reach if you did the search yourself. Getting outside recruiting expertise makes the search time-efficient and also helps you maintain privacy.
Because the location is not a factor, third-party executive search firms search local, national and global markets for qualified leaders without disclosing their process to current employees or competitors.
Why do recruiters keep company confidential?
Partnering with a reputable recruitment agency is critical to achieving a successful outcome. Because you will be sharing critical and confidential information, you must choose a firm that you can trust. In addition, you can specify the type of employee you are seeking, as well as how much or how little information you want the agency to give.
By doing so, recruiters can narrow their search for prospective candidates and give you a viable list because of this. This means that you only need to interview the top candidates, which will save you a great deal of time.
Why do companies do confidential search?
In the eyes of others, a company that is aggressively looking to change its current leadership may appear weak or failed. As a result, some companies are inclined to conduct a confidential search.
There are a few common reasons confidential searches are preferable:
A company is expanding into a new industry and doesn’t want to give competitors a heads up
Confidential discussions regarding a merger, IPO, or other critical decisions are happening
Companies cannot tolerate a leadership gap if their senior leaders are underperforming
As a matter of fact, any kind of employment process can be costly as well as time-consuming, no matter how discreet it may seem. Opting for a confidential search by recruitment specialists, business owners, human resource professionals, and search committees can prevent this stress.
It’s also a simple fact that any recruitment process, regardless of its secrecy, can become costly and inconvenient. Business owners can prevent this burden by hiring professional recruiters to conduct confidential recruitment searches.
Irrespective of the reasons companies prefer confidential recruiting, they’ll end up taking the same steps to begin a confidential search for their c-suite executives to senior management roles.
Starting the Search
Confidential recruitment begins by finding an executive search firm that can fulfill the demands of your company. This is because it’s near-impossible to conduct a confidential search inside without tipping off your employees and leaders that an impending change is coming. In light of the fact that the whole point of a confidential search is to ensure that it remains confidential, third-party recruiting companies are contractually obligated to ensure the success of the confidential search.
The procedure starts by collecting details which you’ll give to an employment firm to make sure that they can find the best candidate for the job. Start by figuring out why you’re performing a confidential search in the first place.
Is a senior employee underperforming for your company, but you cannot replace them until a replacement is found? Maybe your organization is foraying into a new sector however, you’re not prepared to publicly reveal it just yet. After you’ve determined your motivation, make a list of your ideal candidate preferences.
After you’ve determined why you need a confidential search, share your motivation and preferences with a third-party executive search firm. This will aid them in locating the ideal candidate. Remember to keep the number of people in your company who are aware that a hidden search is being conducted to a bare minimum.
If the process picks up quickly, business owners may need to establish a third-party site to conduct in-person interviews. Interviewing you at your place of business could compromise the search's confidentiality.
Even with confidential job advertising, recruitment companies would usually start the job search process without revealing your company identity when networking and contacting prospects. This is accomplished by giving candidates ambiguous descriptions to describe the nature of the work, the scope of the function, and organizational goals. Firms will still make every effort to clarify all the important aspects surrounding the work, but there is one thing they will never mention: the name of the company.
It may sound unusual for aspiring applicants not to recognize the company they are applying to, and it may even raise questions to get more information to understand the company’s culture, strategic initiatives, and credibility in some situations. Employers do this to maintain the confidentiality of the job search. Furthermore, this practice is so common among recruitment companies that it has practically become standard for them to market jobs without naming a corporation.
A savvy employer will also employ sourcing techniques such as their candidate database, network, social media sites like LinkedIn, and artificial intelligence software to get contact information on passive professionals via organizational charts for competitors and other data to start sales calls that reach further than you can.
Each recruiting firm will deploy its customized recruiting process to start the most targeted search to meet the objectives of its clients. After each candidate has been thoroughly screened, assessed, and interviewed, the recruiter will create a long list of candidates for the client and have that list narrowed to a shortlist, ultimately resulting in an offer being created.
The human resource professional and/or company executive will collaborate with the recruiter to put together a competitive compensation package for the chosen candidate while producing the offer. This aids the company in presenting the most appealing offer.
Confidential Search Best Practices
Ensure that the very best techniques are maintained by partnering with the exec search experts at Accendi Group’s Executive Search firm division. We are expert matchmakers and conduct confidential searches with expedience and a personal touch.
Accendi Group specializes in talent management, and we work with customers in a variety of industries to provide advisory services throughout the recruiting process, ensuring that they make the optimal hiring decision.
Whether you need to work with executives in a brand-new as well as unfamiliar industry, Accendi Group can offer valuable insights to your team, as well as oversee the tailored recruitment process from beginning to end. Our skilled search consultants are unrivaled in their ability to connect your company with exceptional executives discreetly.
Are you ready to conduct a confidential search that produces fast results with the right talent? Contact Accendi Group today to begin a tailored confidential search to meet your workforce leadership requirements.
This article was written by Fawn Hentrel, Managing Partner.