If you and your investors or board members are considering a search for a CEO of your company or organization it is vital to avoid stumbling blocks that could doom the search before it even begins.
Attracting the right group of candidates begins with a clear and concise position description which then must be brought directly to “A level” passive candidates—many of whom may not have an interest in it as yet because they are simply not in the market for a new opportunity. Braving the fires of rejection from first rate candidates though will help assure creation of a robust candidate slate composed of candidates who have warmed to your opportunity and decided to pursue it. It is vital for the best candidates to hear about the opportunity directly from a senior level person who understands a great deal about the key performance indicators of the position, the culture of the board or investor group and moreover what it is going to really take for the CEO to meet and exceed expectations. Social media is great for many things but there is nothing more powerful than a direct phone call from a professional search consultant representing an exciting new career opportunity—particularly, when the tap on the shoulder comes when it is least expected!
An effective search process is absolutely critical to the success of the project. There are moments of truth throughout the search process felt by each key constituency group concerned about the outcome of the search but, we have found that when the candidates are happy with the process and enthusiastic about the opportunity from start to finish, the search is going to turn out very well.
If you and your colleagues are considering a CEO search for your company or organization please contact us; we will be glad to confidentially discuss your hiring need with you.