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So You
Want to Be An Executive Recruiter?
By Paul Hawkinson
From the National Business Employment Weekly
Every day, I receive calls from people who want to know how to
become an executive recruiter. After listening to their
questions, I can honestly tell 90% of them to choose other
careers.
Many don’t know what the recruiting business is about, except
for what they’ve read about the profession’s better-known trophy
hunters. To them, the work sounds romantic and mysterious.
They’re intrigued by the "behind-the-potted-palm" meetings while
the search executives stalk candidates for top-level jobs,
gaining a five- or even six-figure fee for finding them.
So why couldn’t you do that? Perhaps you can, if you have
certain traits and skills. But looking for candidates is the tip
of the iceberg in this profession. First, you need to find
companies that will pay you to do so.
This part of the search business is pure sales, and high on the
list of required skills is the ability to communicate. No
employer wants to pay you a fee to find candidates. They believe
they can find a pearl among the many smelly oysters on their
own, and often they can. Executive recruiters are engaged only
after companies have exhausted all other avenues. At that point,
you’re expected to present them with only those oysters that
contain pearls.
In other words, recruiters are brought in for only the toughest
searches. How do recruiters find these companies? The
old-fashioned way: by making endless cold calls until they
stumble across a company with a critical opening and a hiring
manager desperate enough to pay a hefty fee to fill it. This
process is known as smiling and dialing--telemarketing at its
most basic level.
Lots of ‘Nos’
If you like sparring with corporate gatekeepers and enjoy
hearing "no" 95% of the time, you’ll love the recruiting
business. Even in a booming economy when recruiters have more
assignments than qualified candidates to fill them, the start-up
months can be brutal. That’s why the great majority of rookie
recruiters never make it past their first year. In my 25-year
career as a recruiter, I hired several hundred people who
thought they’d be successful. Of those, only 13 stayed long
enough to actually succeed.
Roberta Weller, president of Roberta Weller & Associates, a Las
Vegas search firm, is one of them. Formerly a staff accountant
with a public accounting firm, she became a recruiter in 1974
and has carved out a unique niche in the information technology
field.
"For those who last past that magic first year, it’s an
addictive and rewarding business," she says. "There’s no sweeter
sound than having a candidate you searched long and hard for say
‘yes’ to an offer from an employer who has probably changed the
job specs a dozen times and turned down super people for
frivolous reasons."
Ms. Weller attributes her success not so much to her search
skills as to her client development abilities. She belongs to
several professional organizations where she networks with
potential clients. "I don’t consider myself a great recruiter,"
she says. "I’m much better at keeping clients for the long haul.
That’s what has kept me going through the tough times."
Few entrants earn the million-dollar annual paychecks that
search superstars take home. Most executive recruiters spend
their days filling mid-level managerial and professional jobs.
Only a small percentage are assigned boardroom or senior-level
searches.
These few have cultivated their client base for years and know
all the movers, shakers, cultures and personalities in the
industry, as well as the types of candidates these companies
actually want. No matter how carefully worded the job
descriptions, they know when certain finalists can’t be taller
than their bosses...or have more hair...or a more prestigious
degree. Even then, some clients hire the least qualified
finalist because they like them better (the "halo effect") or
they interview better (the "actor factor").
Looking in the Right Places
Successful recruiters know they’re retained to provide solutions
to client problems, not just "fill slots" in an organizational
chart. They also know the marketplace better than their clients
and can uncover candidates in places a hiring authority with
tunnel vision wouldn’t think to look. That’s why recruiters are
paid big bucks and the process from neophyte to search celebrity
is a long and bumpy ride.
Knowing how to communicate means more than being an Elmer
Gantry, the evangelist in the Sinclair Lewis novel. It means
painting persuasive word pictures for clients and candidates. To
understand a client’s needs, you must convey that you’ve
practically "been there, done that." To convince a happily
employed executive to consider becoming a candidate requires
extraordinary persuasion and evaluation skills.
A search resembles a research project that produces a hundred or
more possibilities who must be contacted and weeded until a
final list is ready to present. Some neophytes learn enough
jargon about an industry specialty to land assignments, but the
test comes when they present their final slate. What appears to
be a relatively simple search can suddenly blow up. Your perfect
candidate says something goofy in the interview. The company
changes the job specifications at mid-search, flushing weeks of
work down the drain. The subtle skills separating superstars
from also-rans boil down to industry-specific training and a
"sixth sense" that comes from a long indoctrination in the
trenches.
I once conducted a telephone interview with an advertising
executive at an Oklahoma oil company whose qualifications seemed
ideal for a position at a classy Minnesota ad agency. References
all extolled his mastery of advertising. After interviewing him
by phone, the client was equally impressed and asked him to fly
to Minneapolis. Two of the agency’s executives met him when he
stepped off the plane. Their top candidate sported a large
handlebar mustache, no teeth, a ten-gallon hat, buckskin jacket
and bright yellow cowboy boots. He never made it past the
airport.
Essential Abilities
Aside from basic knowledge gained through training, successful
recruiters also need:
• A glint in the eye. Recruiters are the ultimate "spin
doctors." As such they are always "on" and must exude
enthusiasm. Without being abrasive, they must be a cheerful
conduit between two parties trying to advance their own, often
disparate, agendas. The ranks of successful executive recruiters
are filled with those who view the glass as half full.
• Patience. Some searches are no-brainers, but most take
unimaginable twists and turns. Trying to fit an interview into
the schedules of two or more busy executives can take an
interminable amount of time. Then, even if both sides like each
other, the time required to make a final decision can seem
endless. Issues include:
For the company: Should we make an offer? To which candidate? At
what salary? A committee decision (and most are) can take even
longer.
For the candidate: Will the company make an acceptable offer?
Will this career move be in my best interests? How will my
family feel about it?
As facilitator, you must have the confidence and trust of both
parties to move the process along without appearing to be
self-serving.
• Money motivated. Executive recruiters shouldn’t be confused
with social workers. The point of a search isn’t altruism; it’s
for the recruiter to collect a fee. This doesn’t mean trying to
force-fit the wrong person to the job, but the mating game must
progress beyond the blind-date stage. Ultimately, someone must
agree to uproot and take the job. This may require companies to
accommodate candidates whose innovative notions aren’t
compatible with the current status quo.
• Creativity. Does the company need a clone of the previous
incumbent or an "out-of-the-box" hire? Must candidates come from
direct competitors or would executives from a peripheral
industry better serve the client? More companies are looking
outside of their traditional talent pools, and recruiters must
know when to introduce candidates with new perspectives.
• Resourcefulness. Not every search for a new executive starts
from scratch, but extensive research is the foundation of every
new effort. Knowing where to look is pivotal. Recruiters also
must be resourceful when attempting to reach ultimate decision
makers who are protected by layers of naysayers.
• Knowledge. Familiarity with your niche business segment or
functional discipline is essential. Lacking the right background
can add months to a successful outcome.
• Empathy. Hiring is stressful for employers. So is changing
jobs. Understanding these pressures is crucial to helping both
sides feel they finished as long-term winners.
• Observation skills. You must see things as they really are
rather than as clients or candidates want you to see them.
Companies often don’t know the realities of the marketplace,
while candidates who haven’t changed jobs for years may not
understand their true worth. Only alert and sensitive executive
recruiters can recognize these misperceptions and correct them
before they derail a likely deal.
• True grit. A high tolerance for rejection is a must. You also
can’t leave anything to chance. Neglect is the most common
reason deals go sour.
• Resilience. Successful recruiters juggle eight to 12
assignments at a time. It’s a high-wire act with no net. Deals
you worked on for weeks may fall apart, but you can’t stop to
mourn the loss because you must keep smiling and dialing for an
assignment to replace it.
• Ability to negotiate. From the beginning of the process (your
initial call to a hiring authority) until the hopefully happy
conclusion, you’re a mediator, go-between and diplomat who
balances everyone’s interests.
How to Begin
If you have these attributes and want a crack at the high-stakes
executive-recruiting business, where do you begin? You could
start your own business, but without prior experience in the
field, failure is almost inevitable. The landscape is littered
with talented sales and human resources professionals, former
executives and other wannabes who tried to become executive
recruiters without the proper foundation. You can’t earn a
college degree in the discipline. It’s a learned skill and the
best place to acquire it is from a mentor at an existing
recruiting firm.
To find a good firm, ask a dozen hiring authorities to name
three top recruiting firms they admire or respect. The same
firms will likely be mentioned repeatedly. Call the managing
partner and tell him or her you’re interested in the field. Ask
if you can come in to discuss the possibility of working there.
Search firms are always looking for good people, and if they
sense you have the right attributes, they’ll probably offer you
a chance.
The recruiting industry has grown dramatically since I entered
it nearly 30 years ago. U.S. revenues now total $6 to $8 billion
annually. Business is so good that successful recruiters are
turning down assignments. Industry growth should continue even
if the economy falters, because companies recognize the value of
using recruiters, especially as they continue to re-engineer and
restructure.
Is there room for new blood? You bet. But before jumping into
the profession, know what’s required for success. Those who do
this important homework may reap the benefits of a rewarding new
career.
* * *
-- Mr. Hawkinson became
publisher of The Fordyce Letter, a St. Louis, Mo.-based
newsletter for the recruiting industry, after a 25-year career
in executive search. He is the author of several books on
executive recruiting.
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