Our Two-Year Guarantee is Our Pledge to Deliver Human Capital Excellence

A client recently told me that one of their search firms had reduced its one-year executive placement guarantee to six months.

I was dumbfounded. How can any self-respecting executive placement firm show that it has almost no confidence in its own services?

From another conversation with another client, I learned that a search firm they work with was essentially “quiet quitting.” When a given executive search had exhausted the list of known actionable candidates already in their network, the firm stopped looking. Eventually, the client would grow tired of zero progress and cancel the search.

As it happens, these conversations took place as we were preparing to launch our new Two-Year Guarantee on executive placements.

The industry standard is a one-year guarantee. We are doubling it.

Why are we doubling down – quite literally – on our confidence in our leadership placements?

Why are we sharing the human capital risk with our clients while the other firms are quiet quitting?

Why are we swimming against the tide?

One reason: Search 2.0™.

First Time Right Search

Search 2.0 is the label we give to our data-driven search process. It harnesses management science and behavioral assessments to gain unprecedented insight into how a candidate will fit in a particular role.

Central to Search 2.0 is the FIT Profile, which is a framework for candidate assessment that builds a comprehensive picture of the candidate’s potential. It uses Hogan Assessments – the gold standard of behavioral assessments – to analyze a candidate’s ability to excel in the role and to complement the rest of a portfolio company’s executive team.

The FIT Profile and our assessment techniques are at the heart of our 99% placement success rate, meaning our placed executives are still in the role 24 months after placement.

And this all leads to today’s announcement. We are so confident in our Search 2.0 process that we are offering a Two-Year Guarantee on any placement that utilizes a full FIT Profile starting January 1.

That is how firmly we believe that our process will result in placement of critical executives who will bring massive value to their companies.

Sharing the Risk

A typical placement guarantee requires the recruiting firm to redo a search at no cost to the client if a placed executive leaves within a given period.

A placement guarantee could just as easily be called hiring insurance, and we understand the importance of insuring against a bad hire.

Hiring a C-suite executive for a PE-backed company is very risky. A C-suite mis-hire can be massively costly and cause the company to lose precious execution runway when it should be working toward the investment thesis.

Believe it or not, not everyone believes hiring guarantees should exist. There are those who rationalize that, since the search firm successfully brought a candidate to a company’s attention, and since the company hired the candidate, the search firm has done its job. If the hire doesn’t work out for whatever reason, that’s on the company.

We could not disagree more.

At Bespoke Partners, we pledge to be a true human capital partner to our clients. That means we are willing to step up and share the risk associated with finding and recruiting the right talent.

 

That’s why we’re willing to double the industry standard of a one-year guarantee.

We also take advantage of our unmatched network of executives to hunt for candidates who will be the right fit, including identifying candidates that are newly on the market or soon will be. We won’t “quiet quit” like some firms do when you have exhausted their stale list of usual suspects.

If you are still working with search firms that won’t stand behind their work and that are quiet quitting and not going above and beyond for you, take a look at Bespoke Partners.

Let us earn your trust to be your human capital partner of choice.

Contact Bespoke Partners Today