Cazar’s senior recruitment report 2013
Sunday, September 15th 2013 – Cazar has just published a study on how companies in the Middle East and Asia Pacific regions, hire their senior management. After an extensive analysis of 619 senior hires and 350,174 applicants, Cazar’s study breaks some myths and clears some misconceptions about recruitment channels of senior management.
The report took into account more than 30 medium & large companies over a 15-month period between June 2012 to September 2013, across diverse sectors including retail, construction, banking, transport, IT, broadcast media and telecom. Vacancies for CxO job titles such as Chief Executive Officer, Chief Operating Officer, CIO, CFO, CSO; senior roles such as Director of Marketing, Financial Controller, Head of IT and similar job functions across departments were analyzed.
The common belief is that recruiting senior management cannot be done online. However, Cazar’s study shows that senior candidates prefer to engage directly with employers online – much more than entry level or middle management candidates. Quality senior applicants also shied away from sending their CV to a generic application form, free job boards, public email addresses and preferred to engage with the employer directly via their career website.
While some may think that senior roles require executive recruitment agencies, Cazar’s study suggests that employers have become very proficient at finding top candidates online themselves. Such companies had a clear online recruitment strategy, tools and a content rich corporate career website – which was the biggest source of senior hires (38%). Similarly, candidates who applied to senior roles through professional networking, which is often done online, had a 37% chance of getting hired.
Building a talent pool is essential for employers looking to hire for senior positions. For instance, companies with a quality talent pool of previously qualified applicants hired 22% of their new senior recruits through it. A talent pool is also the quickest (24 days on average) and most cost-effective way of finding senior hires.
Companies in the study all had a comprehensive online recruitment strategy, a well designed, content-rich career website and an application process with role-relevant questions.
These employers often got a surplus of qualified senior candidates, which allows them to build a quality talent pool to choose. “Having a good talent pool should be every employer’s objective. It is the fastest, easiest and most cost-efficient recruitment method. Especially, in the case of senior roles, it drastically cuts agency costs and can slash hiring time by 50%.
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