Search is an intrinsic section of our Talent Ecosystem, and the primary way we help you combat the Talent Crunch. A record number of people are leaving the talent pool, either by retiring or by starting their own businesses.
This is massively affecting how Life Science businesses grow, with 77% of CEOs highlighting hiring key skills as the biggest threat to growth. So with that in mind, we’re going to explore:
- Why You Need Search
- Our Search Products
- How to Add Search to Your Company
So if you want to know what the power of Search can do for your business, keep on reading.
Why You Need Search
Search is the most important part of our Talent Ecosystem — without it, we wouldn’t have a pool of candidates suited to your business. With the right Search methods in place, we can discover potential employees with the skills and experience you require.
Did you know it takes roughly 100 hours of Search to find the right Executive candidate? This multi-stage process includes:
- finding potential candidates,
- scheduling and holding interviews,
- assessing their worth,
- providing feedback,
- making an offer,
- signing the contract.
This creates a lot of extra work for whoever is in charge of hiring, who usually has to juggle their existing workload alongside the hiring process.
Essentially, if your team doesn’t have the right talent acquisition skills, this can be a long and difficult process. Fortunately, our team have the training and skills required to attract and assess the very best potential candidates.
Our Search Products
When it comes to Search, we have four different specialisations designed to suit a variety of needs. Have a look below to see what areas we can help you with.
Our improved form of Executive Search. Our Primary Search product has our expert consultants utilising the latest technology to sift through a global collection of the brightest minds in Life Sciences.
The result? The perfectly tailored fit for your role, every time.
Whilst hiring top talent at any level can help give your life science organisation a competitive edge, middle management holds a particular influence. These members are responsible for delivering on divisional goals, but they also provide visibility and involvement into the day-to-day operations of your business. Ultimately, they are essential to employee engagement and retention.
As demand and development change, businesses need to adapt and restructure to survive and grow. This is especially true for the Life Sciences industry, which is evolving incredibly quickly.
Sometimes, you need to build a professional team within a short time frame. For example, transforming your business to account for new product development or increased demand.
In that case, Project Search is perfectly suited for tackling this task. Project is fantastic at providing you with multi-vacancy partnership solutions.
Our Life Science knowledge is uniquely adapted to navigate these challenges, reducing time-to-hire while maintaining candidate quality.
If you had a broken boiler, would you try to fix it yourself or call a plumber? Implementing structural business change works much the same way. If you don’t have the knowledge or experience, it’ll be incredibly difficult to manage it smoothly and successfully.
That’s exactly where our Interim Search product comes in. Interim Search finds your business the right individual to lead the change you’re after, while only remaining with you on a short-term basis.
Because of the way high-level Interim Executives work, it’s likely that the successful candidate already has experience with similar projects. They’ll be able to hit the ground running, bringing skills you typically wouldn’t have access to otherwise. After a set period, or once the project finishes, they’ll leave your company and move on to their next role.
When it comes to Executives, the average cost of a bad hire is 200% of their salary. It makes sense then, to hire the right person the first time.
Of course, you may not always want to rely on an Executive Search firm to handle this — that’s completely understandable. Our Search Coach function is the perfect middle-ground for you.
The purpose of our Search Coach is to teach your top people how to fine-tune your processes. This includes:
- Optimising candidate assessment
- Perfecting your onboarding process
- Teaching effective negotiation tactics
While clarified as Search in our Ecosystem, the Coach will cover multiple areas, including leadership branding, outplacement, and long-term career development.
How to Add Search to Your Company
Adding Search to your team is a relatively easy process. You start by simply contacting Fraser Dove, and we’ll discuss which of our services would suit you best.
Afterwards, our team will work alongside your Talent Acquisition division to find the perfect fit for your business.
If this sounds like something you could benefit from, contact us today!
Contact Our Team
Interested in exploring how FDI can solve your talent problems? In the coming months, we’ll explore the other services that we offer and how they can solve your problems.