Auxiliary Services
Stephens Rickard
Auxiliary Services
In addition to our Executive Search and Advisory practices, we know that our clients require more from a service provider than a purely transactional relationship. Our Consultants are well placed to do more and can provide the following additional services:
General overviews of compensation and benefits including salary levels, package compositions and average increases are readily available from the major benefit consulting firms. However, there are instances where smaller organisations and more specialist firms require greater depth of information which is not easily obtained.
The nature of our work as an Executive Search practice affords us a clear and unbiased view of the salary levels, benefit packages and incentive plan structures within the Insurance and Reinsurance markets.
Clients will receive a report detailing the available talent in that segment; which candidates identified are interested in entertaining a move in the next six months; their contractual restrictions; and approximate compensation needs including potentially buying out deferred compensation for example.
Once this report has been delivered the client is able to decide whether to proceed with a full search, or whether to halt the process. In the latter case, no further fee will be due.
We appreciate that our clients are often time poor and the opportunity cost of switching their primary focus to recruitment may be too high. On occasion certain situations may dictate that a full search is not required from the off, common reasons being unfamiliarity with a market or its influencing factors. These also happen to be the most prominent causes of the significantly high proportion of searches that fail, across all sectors.Therefore, we can execute and deliver a meticulous due diligence report of a market or organisation(s) before the commencement of a full search, so our clients do not have to.
In common with the Failed Search Recovery this approach protects clients from launching a full search process in an unfamiliar market and can assist in targeting any resulting search more accurately, thus decreasing any chance of failure.
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