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UPCOMING EVENTS

2015 Global Conference
April 15 — 16, 2015
Location: 10 on the Park at Time Warner Center
60 Columbus Circle, New York, NY 10019
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Korea Heads of Office Meeting & Reception
April 20, 2015
Location: Korea, South Korea
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Beijing Heads of Office Meeting & Guest Speaker
April 22, 2015
Location: Beijing, China
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AESC Nordics Symposium
June 2, 2015
Time: 10:00am — 1:15pm
Location: Grant Thornton
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AESC DACH Heads of Office Meeting 2015 - Frankfurt
June 3, 2015
Time: 12:30PM — 3:30PM
Location: Korn Ferry - Frankfurt
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AESC Americas Regional Meeting
June 8 — 9, 2015
Location: Toronto, Canada
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Japan Heads of Office Meeting & Reception
June 24, 2015
Location: Tokyo, Japan
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Hong Kong Heads of Office Meeting and Guest Speaker
July 6, 2015
Location: Hong Kong, Hong Kong
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Indonesia Member Meeting
July 22, 2015
Location: Jakarta, Indonesia
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ASEAN Regional Meeting and Guest Speaker
July 23, 2015
Location: Singapore, Singapore
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AESC Asia Pacific and Middle East Seminar Series
July 27, 2015
Location: Melbourne, Australia
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2015 AESC Boutique and Independent Firm Forum
September 24, 2015
Location: The Penn Club of New York
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Americas Regional Breakfast Meeting
October 20 — 21, 2015
Location: Dallas, TX
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Middle East Committee Meeting & Guest Speaker
November 1, 2015
Location: Dubai, UAE
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Asia Pacific and Middle East Council Meeting
November 2, 2015
Location: Mumbai, India
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India Mini Conference
November 2, 2015
Location: Mumbai, India
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AESC Jahreskonferenz 2015
December 1, 2015
Time: 4:00pm — 10:30pm
Location: Villa Rothschild Kempinski Koenigstein Frankfurt
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 Search as a Career  Industry Overview  Job Functions  Opportunities with AESC Firms  Glossary

Industry Overview

Retained executive search consulting, a respected arm of management consulting, is an important professional service provided to the top management of organizations. It is employed by a wide range of industrial, commercial, professional, governmental and non-profit organizations to find talented senior executives who will make a strategic difference to their operations.

The impact of a key executive hire on an organization's fortunes can be immense. Equally the cost of unsuccessful recruitment can be severe. Stock values both plummet and soar on the basis of significant executive changes at top level. So an investment in a professional approach to senior executive recruiting makes very good sense and is increasingly employed in organizations around the world.

The process of retained executive search involves methodical analysis, planning and research in order to develop target lists of candidates who represent the best executive talent worldwide for a particular position.

A hiring organization usually retains an executive search firm only for its most mission-critical senior positions. The annual base salary offered often exceeds $250,000 or the equivalent in non-US currency. The hiring authority will be a senior manager of the company or division, or, for the most senior positions, such as chief executive officer, the board of directors or a search committee.

There is a lot at stake in a retained executive search – for the hiring organization, the search firm and the candidate. The success of a search depends on a successful relationship among these parties; the search consultant choreographs key aspects of this relationship. However, the client – the hiring organization – always makes the hiring decision.

An executive search firm runs on information. That includes information about specific industries, companies and their strategies and cultures; and executives and their strengths, weaknesses, backgrounds and compensation. Search firms employ various sources of information – among the most important of these are contacts in the industries and disciplines in which the search firm operates. Thus, all search professional spend a good deal of time networking among valuable sources of information.

In this context, retained executive search consultants must operate with the highest levels of integrity and confidentiality, and with sensitivity to the needs of all parties. For this reason, AESC member firms agree to uphold the AESC's Professional Practice Guidelines and Code of Ethics.

Click here to read more about the history and structure of the retained executive search industry.