Each quarter, our CEO Alex Douzet publishes our list of the best employers and recruiters in the country. These represent the savviest, most supportive and most successful hiring professionals in the USA, and we are pleased to have them be part of the extended TheLadders family.
Do you expect your recruiter to be your agent? If so, you have confused an executive recruiter and an executive agent.
There is an unmistakable distinction: The two professions are paid by, loyal to and representative of separate parties — employers or job seekers.
That means they may have different priorities and opposite interests in the same recruiting transaction.
Recruiters find people for jobs.
Executive recruiters, often called "headhunters," stay in business by satisfying the mandate of their corporate client, the employer. They find appropriate prospects to fill an open position. They are not outplacement specialists. They don't create new jobs or find spots for individuals.
Executive recruiters are paid by employers to identify and attract new talent that exactly matches the employer's specific requirements. Their role is to source the perfect candidate and manage the applicant pool. Thus, executive recruiters guide the recruiting process by limiting a candidate's access to company insiders with hiring authority.
Executive agents find jobs for people
Executive agents are consultants who work for the candidate. Similar to the agents used by models, actors and athletes, executive agents are paid by job seekers to find them a job. They can provide services, including personal coaching, mentoring, representation, confiding and scouting to help land you a job. Executive agents can be long-term partners or retained on a short-term basis to advise on a job-search campaign. They can charge clients by the hour or project, but most often take a percentage of your annual compensation as their fee. Like executive recruiters, they typically focus their practice on a particular industry or functional discipline.
It all comes down to who is paying the bill. Executive recruiters put their client first - the hiring company. Executive agents put the candidate first; they evaluate situations from the personal perspective of the executive.
If you are running a straight-and-narrow job search where you have close ties to prospective companies or industries and are making a linear career move (such as director of marketing to VP of marketing), an executive recruiter will probably work fine. Those most likely to appreciate and value an executive agent are executives who are running more difficult searches where the candidate:
If any of the above applies to you, then an executive agent may help your career. Remember to inquire which type of recruiting party someone is. The answer will tell you a lot about what information they are privy to and where their incentives lie.