Date Published: 17th July 2019

Why It Is Important To Hire Board Members QuicklyWhy It Is Important To Hire Board Members Quickly

It is crucial to hire board members quickly so you don’t cause any negative impacts on your company. For example it can decrease your company’s productivity, cost a lot and you might miss out on the best candidates.

 

Productivity

If you haven’t filled a board member or executive role it can decrease the productivity significantly. This is as employees might not have someone leading the team or they might have to be taking on extra work to cover for the loss of a board member. Also, the recruitment process can take a lot of time away from current employees as they are focusing their time on recruiting new staff.

 

Competition

Allowing a long time to hire board members and senior roles means your potential candidates might stop searching for a job or take on a different job. Offering candidates interviews as soon as possible ensures you will get a chance to choose from the best candidates. Also candidates that you are recruiting might receive an offer from somewhere else and take that. So not only will you not have many candidates to choose from but the best ones might go to a different company.

 

Cost

Bad hire can cost your company a lot of money, so make sure you hire right the first time! Executive search agencies will be able to help you to find the perfect candidate. Also spending a long amount of time recruiting will cost a huge amount due to decreased productivity.

 

Even though you want to hire quickly, you also need to ensure you are hiring the right person. Executive search agencies are great at helping you to find the perfect candidate in a short space of time. Having someone else recruit for you, means you can focus on managing your company with the loss of a board member of senior member of staff.

 

Check out our latest executive blog on growing gender equality in executive roles.

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