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As an entrepreneur in Palm Beach County, finding ways to build your business and support the community can be challenging. Finding an establishing the right team of talented, knowledgeable professionals who share your vision can be both time consuming and costly.
With that in mind, The Business Development Board of Palm Beach County knows what you need to secure the right team. With various resources for networking and business recruitment in Palm Beach County, our goal is to stimulate the local economy, promote business diversity and enrich our communities by helping entrepreneurs like you hire quality people. To help you thrive as an entrepreneur, here are five of our best tips for hiring C-level executives.
Create an Attractive, Competitive Sign-On Package
With the high demand for talent in upper management positions, being able to find the right person to fill your C-level executive position can seem like a never-ending competition. However, with a sign-on package that sets your business apart from everyone else, your business will stand out among the competition. Incentives such as Sign-on bonuses, relocation assistance, and other perks can help build you build a pool of qualified candidates.
Don’t Be Afraid to Approach Passive Candidates
Because of the narrow pool of C-level executive candidates, it is likely that your best fit is not actively seeking employment. This doesn’t mean you have to settle for less qualified candidates. Approaching someone who is not in the job market may seem counterintuitive, but when it comes to business recruitment in Palm Beach County, it may be the way to go. One study found that the majority of C-level candidates want to be approached proactively. If you can offer better opportunities than their current employer, most people are not opposed to making a switch. However, you need to be sure to use this strategy with respect and discretion. Otherwise, it may lead to a bad reputation and damaged business connections in the future.
Understand Changing Business Models
As millennials move into positions of power across all industries, the approach to management and general business operations is changing. Rather than the traditional top-down corporate structure, new leaders are leaning toward more collaborative, team-oriented styles of management. Understanding this shift in business culture can help you strengthen your team by seeking candidates who will unify and motivate your staff towards success.
When choosing candidates for corporate recruitment in Palm Beach County, it’s important to consider more than an impressive resume. You need to know the type of person who will best serve your business in whatever capacity you need to be filled.
As you form and maintain relationships through business networking in Palm Beach County, don’t be afraid to ask for advice when it comes to building your team. Referrals and introductions to the right people can help you elevate your business to the next level. Even if networking doesn’t lead you directly to the person you need, it can help spread awareness among qualified candidates, who can then reach out to you. While job posting sites like Indeed or Monster can be great for lower-level positions, using them to find C-level executives may not be the best approach. Find someone whose work and integrity can be backed by trusted colleagues, employees, investors, etc.
The candidates you are vetting for this position are more than a resume and reference sheet. At the end of the day, we’re all people, and learning more about who they are can help guide your ultimate decision. Find out what drives your candidates professionally: what accomplishments they take pride in, what lessons have they from past experiences that can beneficial to your company. Once you’ve gathered relevant information, use this to your advantage when approaching passive candidates. If you can help them connect to you and your business on a personal level, you increase the likelihood of gaining the talent you need for success.
These are just a few tips to help you find quality C- level employees, but as you continue to grow your business, we would like to help!
Contact us now for more information about our entrepreneurship and small business resources.