Top-tier organizations are on the constant lookout to find new ways to hire and retain top talent. Amidst navigating macroeconomic challenges and recovering from a turbulent two-year stretch, it is imperative for organizations to identify and recruit the most suitable candidates to drive business growth. However, the impact of the pandemic and the ever-widening skill gap have made the executive search process even more difficult.
According to a study by verifiedmarketresearch.com, the global executive search market was valued at $17.3bn in 2021 and is expected to reach $30.32bn by 2030 at a CAGR of 6.4 percent. This stellar growth can be attributed to the increasing demand for efficient recruitment with shorter timelines.
To ensure continued growth, organizations need to optimize their recruitment practices and work in tandem with executive search firms. Adopting proactive engagement strategies has become key in the modern world where passive recruiting is no longer effective. Along with the skill tests and evaluation methods that have been around for decades, organizations must also leverage advanced screening tools to ensure that the candidate is the right fit for the organization in terms of the job description and company culture. At the same time, business leaders must place emphasis on diversity, equity, and inclusion activities to fuel innovation, boost creativity, and drive higher profits.
This edition of Manage HR delivers a bird’s-eye view of the recent developments in the Canada executive search arena and insights into how companies are aligning with these trends and adopting new ways to shape the future of executive search.
We have curated thought leadership articles from industry experts, including the Director for Talent Acquisition and Principal for EDI & Talent Development at BentallGreenOak, the Vice President for Talent & Organizational Development at Moneris, and the Head of Diversity, Equity & Inclusion, Canada at Norton Rose Fulbright. We also took a deep dive into the market trends to narrow down the list of companies delivering robust executive search services. Equipped with innovative technological capabilities, the enlisted solution providers, such as TSI Group, AIP Connect, Rouse Resources Inc. and BJRC Specialist Recruitment Consultants, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Manage HR’s Canada Executive Search firms helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts!
