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7 Steps of Retained Corporate Recruiting

A retained corporate recruiting process is a type of executive search process where a company hires a third-party recruiting firm to find and attract top talent for a specific executive or leadership role.

1. Needs assessment

The recruiting firm works closely with the hiring company to understand its needs and requirements for the position. This involves discussing the position's responsibilities, necessary qualifications, and the company's culture and values.

2. Search strategy development

Based on the needs assessment, the recruiting firm will develop a search strategy to identify potential candidates. This may involve using various recruiting methods, such as targeted job postings, social media outreach, and direct contact with potential candidates.

3. Candidate identification

The recruiting firm will use its network and resources to identify potential candidates who meet the position's requirements. This may involve conducting research, reaching out to industry contacts, and leveraging technology to identify potential candidates.

4. Candidate screening

The recruiting firm will screen potential candidates to determine their suitability for the position. This may involve conducting phone or video interviews, reviewing resumes and other application materials, and conducting background checks and reference checks.

5. Candidate presentation

The recruiting firm will present a shortlist of the most qualified candidates to the hiring company for consideration. The recruiting firm will provide detailed information about each candidate's qualifications and experience, along with any other relevant information.

6. Interview coordination

The recruiting firm will coordinate interviews between the hiring company and the shortlisted candidates. This may involve scheduling interviews, providing interview guidance to the hiring company, and facilitating communication between the two parties.

7. Candidate selection

Once the hiring company has conducted interviews and made a selection, the recruiting firm will work with the company to negotiate compensation and finalize the hiring process.

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