CORNERSTONE CHINA-TOP EXECUTIVE SEARCH FIRMS IN ASIA WITH GLOBAL INFRASTRUCTURE

China being one among the top countries in the world has a wide range of executive search firms to offer. Cornertonen china is one such top executive search firms in Asia which excels in the complexity of executive search. Officially started globally in 1989 and six years later in China, the company has gained validity as a leading, research-based, Executive Search consultancy with 60 offices across 35 countries. Main function is that global companies are assisted with the recruitment of efficient individuals who makes the Company a success and also further gets advanced with their careers.

In China the company has six offices and is still expanding with having top executives search firms in Shanghai and also having top executive search firms in Beijing. The practices are done by senior professionals who offer rich experience across sectors by keeping a successful track record across industries. Cornerstone China has received several awards and recognitions like 'China Recruitment firm of the Year', 'Best Training Firm of the year finalists' and ' Trustworthy HR Service Unit' which proves how strong the foundation is. Also being a member of the Association of Executive Search Consultants (AESC) the company is surely one of superior quality. In the year 2016,17 and 18 it was named by Forbes as one of the Best Management Consulting Firms.

Specility groups are used by the company in a defined way for two reasons:

·         To give the client direct access to the best thinking and service in each business category or specific role, regardless of geography.

·         To enable advanced learning and industry-specific knowledge to the group members of the company so that it will benefit the clients.

Some of the industry verticals of the company are Infrastructure, Financial and Professional services, Consumer and Retail Automotive, Digital Media Space, Life Sciences, Media and Entertainment etc. Fit, Speed and Communication Count are the three critical elements used. The Company uses the key qualities of Diversity, Equity and Inclusion by fully subscribing to the AESC pledge of allegiance to eliminate racism and discrimination within the organization. Cornerstone uses a strong code of practice like amiable approach with the clients, guaranteed data management, presenting candidate information in confidence etc. in all of their business dealings. Career and Transition services are also included which includes Leadership development, On-boarding, Career-Role transition, Career planning and Succession planning.

What it offers:

·         Executive Search - Best Candidates are selected by the Company's Professionals. for the required job.

·         Leadership Development - Through assessment, reinforcement and ongoing executive coaching strong leaders are developed.

·         Board Consulting - Inorder to build a strong future business environment, board performances are effectively handled.

·         Executive Coaching - Leadership Development, On-boarding, Career and Role transition and succession.

·         Talent Solutions - Talent mapping, Outplacement services and assessment.

These services helps in to break the challenge of failing of executives because of the huge gap between resources of large scale consulting organizations and small firms. Be it a multinational Organization or a small scale business Cornerstone provides all the facilities for an excellent  recruitment without any bias.

The rise of Global Employer services in China

In the last few decades, the People's Republic of China has become a center of attraction for foreign investments. It is because of the rapid growth in its economy and expansion of business at a large scale. If a foreign company looks for opportunities to build a team in China and start their business, the below are the two types of global employer services in China that help in examining the market and establishing a core professional team:

Professional Employer Organization (PEO)- It is about partnering up with a PEO which already exists and has an office set-up. This helps in resolving many of the lawful and legislative issues.

b)    Employer of record (EOR)- This is a third-party corporation, and exclusively hiring agencies that run their day-to-day operations of employment and recruitment in China itself. They recruit and pay on behalf of other organizations.

Advantages of choosing the top employer of record firms in China:

       I.            Entry into the Chinese market becomes smoother and faster- The employer of record firms in China recruits the local Chinese people for the overseas companies. Here, the EOR company plays the role of a nominal employer and looks after the payroll and other activities.

    II.            Acquiescence/ Compliance: EOR makes sure that the partnered company fully complies within China. It supports dealing with the lawful regulations, issues related to tax, social security tariffs, withholding taxes, perpetual business establishment, etc.

 III.            Pliability- An EOR provides resolutions considering the level of the company it stands. Issues related to tax or payroll management, they have solutions for everything. If the company wishes to recruit people and control the payroll in China, an EOR can recruit people even if the organization does not have a Chinese legal body/entity.

The employer of record firms in China provides services like

·        Employee remuneration

·        Payroll management

·        Taxation Services

·        Timesheets or time booking management

·        New Job training

·        Background verification process

·        Termination process or services

So, if you are also eyeing to set your business wings in China, then you now know where to approach!

Difference between Headhunting Firms and Retained Execute Search Firm in China

When searching for your next executive, you might be faced with different kinds of services offering to do the same service – find the best executive for your company. However, each different service has their own advantages and disadvantages, and depending on your needs, you may go with either. Headhunting and Executive Search, while are similar in most respects as they both work to fill positions in a company, there are subtle differences between both. In this article, we look at the difference between Top Headhunting Firms in China and Retained Executive Search Firm in China.

 

Similarities

Headhunting firms and executive search firms work to fill positions in companies. They are hired by the organization that has an executive requirement. They are usually hired by companies when they have a very specific need, or when they are unable to find the suitable person who matches their needs.

Differences

While headhunting firms work on a contingency basis, which means that there will not be any fee charged to the client unless a candidate recommended by them is hired, a retained executive search firm will be in a retainer with the client company. This means that there is some kind of retainer deposit due before they start their search process.

The way headhunting firms and retained executive search firms work are also different. Headhunting firms target those candidates who are currently unemployed, while retained executive search firms, on top of targeting out of job candidates and those looking for a job, will also approach those executives who currently have a job, getting you the most suitable talent available.

The confidentiality extended by headhunting firms and retained executive search firms are also different. Headhunting firms never work on a confidential basis, while retained executive search firms always work on a confidential basis.

Headhunting firms are also unable to, and will never give performance guarantees of their candidates to the client organizations. Retained ExecutiveSearch Firms will be in a position to, and will provide candidate performance guarantees to the client organization, and the client can demand the retained executive search firm replace the candidate if the performance of the candidate is not adequate.

Retained executive search firms also offer additional services such as onboarding and integration of the candidate and leadership development services.

Why Executive Search Firms in China are ideal for your Businesses

Executive search firms In China are recruitment organizations that specialize in finding top level candidates for executive, senior and higher-level positions in companies, firms, businesses and other organizations. Such organizations tend to hire Executive Search firms to find the best candidates, candidates that are not immediately identifiable or available, and in the long run, save costs of a bad hire. In China, many domestic and foreign businesses are catered by executive search firms to fulfil their executive personnel requirements.

 

How Executive Search Firms Find the Best Talents for Your Organization

Top Executive Search Firms in China have years of experience in the industry, catering to a wide range of clients, and as a result have a large network of personal contacts. In addition to this, they have an in-depth knowledge of the industry as well, which helps them find the most suitable candidates for their clients. They also use other tools and databases, including Social Media platforms like LinkedIn in order to find candidates that perfectly match their client’s requirements. Once they have narrowed down on a list of potential candidates, they conduct a thorough background  checks and detailed interviews before presenting the candidates to the clients. They also assist their clients in drafting the most accurate and eye catching job descriptions that will draw in the best of the qualified candidates.

 

Why are Executive Search Firms used by organizations?

Top Executive Search Firms are used by organizations that require the crème de la crème candidates to fill in their positions. Executive Search Firms are also preferred as they are remove the burden of finding the right people from the company, which saves internal resources and valuable time of the Company. Small businesses and start-ups who do not have the necessary facilities, resources, skill and network to find suitable candidates also prefer using executive search firms. On top of finding available candidates in the market, executive search firms can also find executives and senior level employees in other companies and recruit them, which brings lot of value to the company. Therefore, it is recommended that the you hire the top executive search firms to make the next big executive recruitment in your organization.

Dealing with Top Headhunting firms in China - Rules of Engagement

Righteous candidates are always welcomed by headhunters and placement companies across the globe. Top Headhunting firms in China and other parts of the world establish and maintain a robust relationship with their clients and help them in sourcing and screening proficient candidates when required. These firms not only help you pull your feet into the door but also assist you where the doors are, who owns the keys and what’s behind each door. Though headhunters may be of great help to you in helping you find the best organization and position, it is a tedious task to choose the right headhunter. Here are a few rules of engagement to be considered while you deal with a headhunter. 

Selectivity and compatibility:

Headhunters usually screen the candidates based on the organizational requirements and the candidate’s requirements. Hence, being selective works both ways. Reputed headhunters, like Life Science Executive Search firms in China, are proud of their clients and they use their client’s list as an efficient marketing tool. Unwillingness to disclose client information is a sign of danger. Candidates are also recommended to opt for an executive firm that works well with their priorities, geographic location, industry type, and many more. Make sure that the firm offers you a feeling of trust, honesty, empathy, and ethical support.

Fees / Contracts and Restrictions:

Headhunters that demand you to sign contracts or pay an initial fee may be hazardous. Compensation and fees are two independent factors. Do not go to a headhunter who says that the placement fee will be deducted from the compensation offered. Most headhunters that offer Global Employer Services in China and other parts of the world do not demand you to cease all your job search activities. Remember that the headhunters are supplements to your job search plan and not a total replacement. 

Communication, Longevity, and Stability:

Let the headhunters know about your overall associations and plans. Tell them about your association with other headhunters too. Let them not decide to refer you to any company without prior intimation. Do not sponsor yourself to a company that the headhunter suggests as the best employer. Openness and ethical approach from both sides is highly important. A headhunting firm with minimum turnover among its professional staff and greater years of experience is the best one to choose especially when you are a beginner. Stay away from headhunters that continuously transfer your files to newbies. It is always recommended that you look for continuity and closure. Any good headhunter is well aware that your long-term association with the client company is far more beneficial to them than the short-term satisfaction of placing you.