In Sense
What will a less than stellar Search cost?
Oh, good. Someone out there suspects that Cash Out isn’t the only cost that matters when evaluating one’s investments in Search. There’s hope for our national and global economy!
Before you let your Recruiting team jump to the lowest cost option to save a buck, or err on the most expensive option and pay too much for too little, please: make sure your colleagues understand the costs you’re likely to incur in areas such as these...
What’s the cost to your organization of these Top 10 risks of less than stellar Executive Search?
Risks to Your Organization
1.Impact of poor positioning on company brand as an Employer.
2.Caliber of candidates only what anyone would discover.
3.Candidate preparedness issues.
4.Speed to interview that’s slow or bumpy.
5.Impact of inefficient utilization of internal resources.
6.Advantage afforded to the competition in the process.
7.Letting the confidential “cat out of the bag” in any way.
8.Having to repeat the search, for any reason.
9.Not having a definable, repeatable sourcing strategy for talent pipeline development.
10.Impact on Careers and well-being of individuals, including yours.
Plus cost of the initial Search.
BOTTOM LINE COST OF LESS THAN STELLAR SEARCH?
Cost To Your Organization
(Annual marketing and PR budget)x
Billion Dollar Opportunities
Add Line 1 + Line 4 + Line 5 + Line 7
Subtract value of top talent from equation and add cost of second-rate options (or see Line 2)
Unconscionable (even if well "hidden")
Millions or Billions
Maybe nothing. Maybe everything?
Thousands + Line 5 + Line 6
Bloody waste of ≥ 80% per like Search + Line 2 + Line 5
Really Bad Karma
See What will a successful Search cost?
More than you will ever know...
More than you can afford...
More than you want to admit?