Hire Authority Executive Search - What people are saying

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Welcome to The Hire Authority Executive Search website. The goal of the website is to educate the viewer as to the domestic and international executive search services provides so The Hire Authority Executive Search can become the Executive Search firm of choice, and to discuss topics that benefit the knowledge base of corporations and individuals alike.

Introduction - Facts versus Corporate Perceptions

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Integrity

Trustworthiness

Accountability

Honesty

Confidentiality

Ethics

Commitment

Knowledge

Results- oriented

Creative

Innovative

Disciplined

Focused

Problem Solver

"In the end, all business operations can be reduced to three words: people, products, profit" - Lee Iococca

The roles in each company need to be understood in terms of how it impacts the company's bottom line and how to maximize the results of the people in the organization to achieve and exceed their business goals. Attracting, selecting, hiring and retaining the top talent in their industry will position a company to effectively meet and overcome any challenges the future brings.

"An organizations ability to learn and translate that learning into action rapidly is the ultimate competitive advantage" - Jack Welch

Competitive and selective talented executives will be sought after because global business is under duress. Individuals with creativity and expert management skills in their industry will be needed in order to survive business cycles, to position companies for recovery and survive population demographics.

"The best way to predict the future is to create it" - Peter Drucker

Innovation is a means to create the future. Innovation means finding creative new opportunities for profitable growth in your organization. Innovation can mean finding innovative ways of solving recruiting issues in your company, developing more unique and efficient processes to attract quality people to the organization or exploring different ways to create a desire amongst productive individuals to join in your vision. The problem is - companies have stopped innovating during the course of running their business.

" Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth" - Peter Drucker

Innovation is creating the future for your company and predicting winning results through execution. One of our goals is to actively seek out corporations who realize that their people are their most important assets, who want to be innovative in attracting winning talent and working through a process to achieve the goal of securing the best available talent in the industry. If your company ascribes to the theory that a company is only as good as the people who work there, then The Hire Authority Executive Search becomes the most obvious search firm choice.

Statistics show that the cost of a vacant position for a $200K individual is approximately $167K per month. These costs are sufficiently higher for a vacant sales territory with existing business.

In today's economy, accelerated change has become the norm and will continue over the next few years. Information flow will occur at faster rates and decisions will have to keep pace in order for corporations to prosper. Statistics play an important role in most decisions made today.

Research shows that an "A" player in a company produces 8-10 times more than a "B" player. Statistically "A" players comprise about 10% of a corporation. "B" players, which comprise of approximately 25% of a company are vital to a company because they do most of the work.

Although the candidate pool today is greater than before, the quality of the talent pool has diminished substantially. There may be some "A" and "B" players available due to underfunded venture capital companies, corporations deciding to move to a different business model thereby eliminating a business unit, or industry acquisitions.

In the last year, 75% of new hires failed to meet the goals and objectives laid out during the interview process.
Approximately 50% of people lie on their resume
The typical employer spends between 2.5 to 20 seconds screening a resume.
Metrics show that the average time initially spent on a website is between 1 -2 minutes.
Statistics show the cost of a miss-hire is 18-24 times the individual's base salary. At $200K this translates into $3.6 Million
American corporations spent $1 Trillion in turnover costs in the past year.
In 2008, approximately 11% of the U.S. workforce retired.

" The only thing we know about the future is that it will be different"- Peter Drucker

In the first twenty years of the 21st Century, the U.S. Department of Education states that 60% of the new jobs that will be created will require skill sets that only 20% of Americans possess.

The U.S. Department of Labor states that by 2010, 5.3 Million jobs will be available due to "baby boom" retirement and flat population growth. If 3 million people have lost their jobs in the last 2 years, the question should be, where are we going to find the 2.3 million people needed to make up the difference?

http://money.cnn.com/2009/11/03/news/economy/jobs_sit_open/index.htm?postversion=2009110709

A recent article in Trends Magazine article (November 17,2009) suggests there will be 73 Million unfillable jobs.

Mentoring and succession management programs in American companies have virtually disappeared.

The U.S. population today is approximately 306,196,976 million people and of that number, 76 million are baby boomers.

The Bureau of Labor Statistics projected last July that between 2006 and 2016, the number of worker age 55 to 64 will climb by 36.5 %, while the number of workers between the ages of 65 to 74, and age 75 and up will rise by more than 80%. By contrast, however, workers between the ages of 25 and 54 will only increase by 2.4%. "Perhaps the aspect of the baby boomers that is generating the most interest at present is their potential impact on the remaining size of the labor supply as the boomers enter older age groups and begin to retire."

According to Census Bureau population projections given by 2010, when baby boomers will be 46 to 64 years old, the number of 55-64 year olds will grow by more than 11 million compared with the number in 2000, an increase of 46%.

Government statistics state that if you are 25 years of age or older with a college degree, the unemployment rate is 4.5 - 4.8%. Full employment is considered to be 4.0%.

A recent Harris Poll of individuals in the $40K-$200K compensation bracket suggests that when the economy improves:

58% of the people currently employed plan to leave their positions for other opportunities.
65% of these individuals are burned out
45% of the individuals surveyed felt the management of their company's lacked morality, integrity and ethics
60% of those who accepted offers with new companies would change their mind or decline the offer and stay with their previous employers.

Although these statistics and trends are U.S. centric, the phenomena is global in nature.

Survival depends on partnering with a search firm that is knowledgeable in your industry, and who can solve your hiring problems on a global basis. The Hire Authority Executive Search is that firm.