24 Jan The Benefits of using a Healthcare Executive Search Firm
The Benefits of using a Healthcare Executive Search Firm
Finding the right people for senior healthcare positions can be extremely difficult. This on top of the fact that hiring in healthcare is pretty tough right now, in a sector with thousands of unfilled vacancies.
One of the first hurdles you’ll face when hiring a new Director or Senior Manager is which recruitment strategy to choose. Should you use your internal hiring team to fill the vacancy, or outsource to an external recruitment specialist instead?
Why outsourcing could be the answer to all of your problems
Some organisations believe that using an internal hiring team is a more cost-effective way to hire for senior positions. After all, there is a cost attached to using the services of a Healthcare Executive Search specialist.
But this approach could actually turn out to be a false economy. It could take longer to find the talent you’re looking for, leading to higher recruitment and marketing costs. And the longer the vacancy remains unfilled, the more this harms productivity and efficiency. There’s even the risk of ending up with the wrong person, especially if you’re internal hiring team lacks experience in recruiting for senior roles. As everyone in recruitment knows, the cost of a bad hire can be huge.
Using an external talent sourcing specialist may come with a higher initial cost. But you’ll get a great deal of value in return, in terms of a fast, efficient hire.
Specialist agencies are able to tap into networks you don’t have access to. They thoroughly vet each candidate, and not just for skills and experience. A critical part of the process is checking that the candidate will be a good fit for your company culture, sharing your values and having career ambitions that align with the role.
As well as vetting the candidate, a specialist recruiter will also take the time to understand your organisation and its needs. This process is all about building relationships, so that you can call on the recruiter as a valued partner whenever you need to hire – without having to start all over again from scratch.
Crucially, outsourcing the recruitment of executive positions saves you time and resources. Your external hiring partner will handle everything from marketing roles and targeted candidate sourcing, right through to vetting, interviews and salary negotiations. The latter is another area where a specialist recruiter can save you money, while also ensuring your salary offer is competitive enough to attract the talent you need.
When to use a private healthcare executive search firm
It’s up to you to decide the best way forward in your search for talent. However, there are a few circumstances where it can really pay to use the services of a private executive search agency. For example:
- For hard-to-fill roles requiring specialist skills and/or experience. When the talent pool is tiny, it takes extra resources to find and secure the right person.
- If you have regular or multiple executive roles to fill.
- If you are a large company needing to find the best of the best, rather than a smaller organisation that is only beginning to expand.
Ready to hire? Work with our team here at Linq, who are specialists in executive-level talent sourcing for the private healthcare specialists. Get in touch to find out more.