Non-executive director recruitment can be a time-consuming process. Finding people with the right combination of experience and insight for the role sometimes feels like a hit-and-miss affair. Whether you’re looking for someone with previous non-executive director experience or you hope to persuade someone into becoming a non-executive director, partnering with an executive search firm can greatly increase your chances of finding the ideal candidate for the role.
The benefits of partnering with an executive search firm
When it comes to finding the right candidate for a Non-Executive Director (NED) position, partnering with an executive search firm can have a range of benefits for SMEs. Executive search firms specialise in identifying and attracting top-level executives, including NEDs, who possess the necessary skills, experience, and expertise to serve on corporate boards. They can streamline the NED search process, provide access to a broader talent pool, and ensure a successful outcome for both parties.
A Network of Talent
An executive search firm is likely to have a much larger network within which to find your next NED. They have access to a vast pool of qualified candidates, including experienced executives who are actively seeking NED roles or may be open to considering such positions. Leveraging their network can help you identify candidates who may not be readily visible through traditional recruitment channels.
Executive search firms specialise in executive-level recruitment and have in-depth knowledge of the skills and qualifications required for NED positions. They understand the unique responsibilities and challenges associated with serving on a board and the kind of candidates who will be best suited to particular businesses. Their expertise and experience enable them to accurately assess candidates and identify those who possess the right blend of skills, experience, and cultural fit for your organisation.
Time and Resource Savings
Conducting a thorough NED search can be a time-consuming and costly exercise. Partnering with an executive search firm allows you to offload the search process to experts who have the necessary resources and tools to identify, screen, and evaluate potential candidates. This frees up your internal team to focus on their core responsibilities while ensuring an efficient and effective search process.
Reduce The Risk of Getting It Wrong
Partnering with an executive search firm significantly reduces the risk of getting it wrong. They employ rigorous screening and assessment methodologies, including interviews, reference checks, and background verifications, to ensure the suitability and integrity of potential NED candidates. This thorough due diligence minimises the risk of bringing on board individuals who may not align with your organisation’s needs and values and the hassle of replacing them.
Taking Your Business Forward
Chairs and Non-Executive Directors play a critical role in the strategic direction and growth of an SME. They can deliver the situational experience necessary to support an owner/founder-led business on its value-creation journey.
At Rowan Group, we work closely with clients to understand what they are trying to achieve on their unique business journey and then find a NED candidate who can help them deliver their vision.
Contact us to find out more about our Chair & NED services.