When Should you Start the Hiring Process for Board or Senior Level Appointments?

Leadership Transition

When a senior leader resigns, it is critically important to undertake a robust recruitment process to ensure minimal disruption while using the opportunity to strengthen the leadership team. Although speed is important, investing time in creating a comprehensive brief or role description is more critical. It is also vital not to assume that replacing the outgoing leader with someone identical or similar is what your business needs. A well-thought-out recruitment process can bring new perspectives and skills to the leadership team.

Succession Planning

Forward-thinking organisations actively participate in succession planning to identify potential future leaders. This proactive approach eliminates the panic of finding a replacement if a high-performing leader decides to leave unexpectedly. Succession planning involves long-term talent pipelining or internal talent development. Executive search firms, like Collingwood, can play a crucial role here by assessing current internal talent to identify gaps that need to be filled through recruitment. This ensures a smooth transition and continuity in leadership.

Strategic Expansion

Expanding a business often involves venturing into new sectors or industries, which usually requires the expertise of a specialist from that industry. Engaging an executive search firm early in the strategic planning phase ensures that you have the right leadership in place to guide the expansion. The networks and proactive recruitment processes of executive search firms can provide the necessary industry-specific expertise to support your growth strategy effectively.

Industry-Specific Expertise

Hiring executives with specific skills or industry expertise can take longer than other searches due to the specialised nature of the roles. Allowing as much time as possible for this search ensures a more targeted and thorough headhunt. Starting the process early helps in identifying and engaging top-tier candidates who might not be actively seeking new opportunities but are ideal fits for your organisation’s needs.

Performance Improvement

In situations where the board or leadership team believes that a change in leadership is necessary to improve organisational performance, initiating an executive search process promptly is essential. Bringing in new leadership can drive the required improvements and set the organisation on the right path. Starting the recruitment process early ensures that there is no delay in implementing the necessary changes.

Confidential Searches

Sometimes, companies need to keep an executive search confidential due to sensitive business situations or discreet succession planning. In such cases, turning to an executive search firm can help maintain discretion and manage the process without causing disruptions. Starting the search process as soon as possible ensures that confidentiality is maintained while finding the right candidate.

General Recommendation

With most executive role headhunts, it is always best to start the search as early as possible. The average notice period for a senior leader is between 3 to 6 months, and with a robust recruitment process taking around 3 months to identify, entice, and secure top-talent, the total hiring time could be up to 9 months. Engaging an executive search firm early maximizes the chances of a successful and value-adding hire, as the process is about adding real value to the business, not just filling a vacancy.

In conclusion, starting the recruitment process early—whether due to planned transitions, strategic growth, or performance improvement—ensures that your organisation has the right leadership in place at the right time. By giving your executive search firm as much notice as possible, you can ensure the most successful outcome for all involved.

What are your thoughts on these points? How has your organisation handled similar situations in the past? It would be great to discuss and potentially help if any of these points resonate with you whilst reading through!