Recruiting is time-consuming and costly. Internal recruitment can be difficult to manage while navigating traditional recruitment methods can take months. Utilising a CFO headhunting service can tailor the recruitment process to the needs of your business, from specialist skills to start dates.
It makes sense for companies at various stages of their development to use a CFO headhunter for recruitment. Agencies like FD Capital Recruitment are launching specialist CFO headhunting services to connect companies with high-quality candidates who wouldn’t be accessible through traditional recruitment avenues.
Companies experiencing rapid growth or who are navigating recruitment for the first time for a c-suite position can benefit from using a CFO headhunter.
Headhunting vs. Traditional Recruitment
Companies have the option to use traditional recruitment or opt for headhunting services when hiring a CFO. Both these options provide different strategies to suit companies at different times of their life cycle. FD Capital Recruitment provides clients with the option of using its headhunting services or traditional recruitment.
Headhunting uses a proactive strategy for hiring, while traditional recruitment utilises a reactive strategy. Headhunters reach out to potential candidates within their network, including those not actively seeking new employment. This recruitment method provides companies with access to high-quality candidates who wouldn’t otherwise be exposed to the traditional recruitment process.
Companies will typically choose to use a headhunter when recruiting for senior roles, including c-suite positions. Utilising a headhunter to recruit a CFO allows for the process to be tailored to find a candidate who meets the exact job requirements.
Traditional recruitment utilises a reactive strategy that focuses on advertising across multiple platforms to candidates who are actively seeking new opportunities. Recruiters will also reach out to candidates within their network to apply.
The Benefits of Headhunting a CFO
Headhunting enables recruiters to identify and source the most qualified candidates for a CFO position. It broadens the talent pool beyond candidates actively applying for recruitment opportunities. CFO headhunters have an extensive network of financial professionals and connections to find the most suitable candidate to meet the specific needs of an organisation.
A headhunter will adapt their recruiting methods for each position. Many will have a tailored approach to engaging with potential candidates, particularly those currently in posts at other organisations. They’ll engage directly with potential candidates and introduce them to the organisation.
CFO headhunters can be more proactive than traditional recruiters, speeding up the process to assist companies on tight deadlines. Headhunters are incentivised to identify the best candidate as quickly and effectively as possible.
Why You Should Work with a CFO Headhunter
Traditional recruitment methods aren’t the best option for every company. Larger organisations recruiting c-suite positions or those in a time crunch can benefit from working with a CFO headhunter.
- Extensive Talent Pool
Headhunters are experts within their recruitment niche, having access to an extensive talent pool of potential candidates. They build relationships that enable them to approach candidates who aren’t actively seeking new opportunities. A headhunter’s proactive strategy widens the talent pool with access to financial professionals at the top of the industry.
- High-Quality Candidates
Traditional recruitment strategies often don’t attract the highest quality candidates. These candidates are being recruited by headhunters or recruited internally. Top performers are not typically viewing recruitment listings or engaging with applications.
However, they’ll have relationships with recruiters, particularly those who can open doors to career progression. These quality candidates will have the skills set, experience, and proven track record that high-profile and scaling companies want to recruit.
- Lower Risk of Poor Candidate Selection
Headhunters set out with a specific list of requirements for exactly what a company wants in their CFO. It lowers the risk of hiring a candidate who won’t fit into the company culture and leads to more effective recruitment.
- Shorter Recruitment Times
The proactive strategy of a headhunter means they can work on short deadlines and speed up the recruitment process. A CFO headhunter will streamline the process and oversee each aspect of recruiting. Many headhunters can provide a short-list of potential candidates with a short turnaround.
- Recruitment Management
Headhunters will manage each aspect of the recruitment process, including dealing with candidates directly and counteroffers if a candidate wants to negotiate.
- Headhunting is More Cost-Effective
Recruiting is time-consuming and expensive, particularly for smaller organisations. Working with a specialist headhunter can reduce recruitment time and be more cost-effective as a result, says LinkedIn. They’ll oversee the screening and interviewing process, saving time, and boosting productivity. Headhunters also provide a unique insight into the industry, offering advice on everything from salary negotiations to hiring trends.
Traditional recruitment methods mean that your competitors and others in the industry know you’re hiring. This fact isn’t one that you always want to be public. Whether you’re processing a difficult employee exit or scaling rapidly, working with a headhunter provides confidentiality.
- Guaranteed to Find a Candidate
Traditional recruiting doesn’t always produce the best candidate or any candidate at all. Headhunters operate proactively and search out candidates, guaranteeing that your position will be filled by a suitable candidate. The nature of headhunting means that the recruiter can work at a different speed and without the typical time restraints imposed on traditional recruitment.
- Better Recruiting Outcomes
Recruiting with a professional headhunter leads to higher employee retention, a happier workplace, and longer staff tenure. Candidates headhunted to CFO positions provide a higher return on investment and are shown to be 25% more likely to remain with the company going forward.
Headhunting a CFO Candidate
Using a CFO headhunter makes sense for finding the best candidate for your company, whether you’re in the pre-revenue stage or preparing to go public. Headhunters have access to a wider talent pool of candidates, providing companies with a more affordable and time-efficient option for recruitment.
Agencies like FD Capital Recruitment are increasing access to headhunters to meet the rising demand for part-time, interim, and remote CFOs. Working with a CFO headhunter makes sense to save your business time and money with access to the industry’s top talent.