July 11, 2014

CEO Recruitment: The Process

When it comes to the recruitment of CEOs and executives in the healthcare industry, understanding the process is crucial. There are many challenges, and it’s important to keep a few things in mind in order to achieve the best outcome.

First of all, in order to find the most capable CEO or executive for any position, the job description must be as thorough and honest as possible. Rather than listing vague qualifications or expectations, we suggest listing specific challenges within the company and the specific tools needed from the candidate to overcome these challenges. It’s also important to take into consideration the CEO turnover rate and, in order to avoid loss, come up with a succession plan. In certain cases, having internal team members prepared to take over suddenly open positions can help reduce risk and cost, as you begin your search for a new candidate.

It’s also important to find a reliable recruiting firm, like Coors Healthcare Solutions, with whom you can have an extremely honest conversation about your company’s needs. When your needs and goals are 100% understood, you can then eliminate candidates that do not meet the new profile with ease.

There are also a few things for potential candidates to keep in mind when seeking a CEO or executive job in healthcare. Thoroughly investigating the organization is one of them. Before an interview, understand how the organization works, gather information about it, and learn as much as you can about the expectations of its employees. Of course, it’s always important to have a few genuine questions prepared during the interview process. The more you can learn about the company, the more comfortable you will feel working with it.

It is also important that potential candidates understand the expectations of the open position.  This brings us to our next point: before applying for a position, we encourage candidates to honestly assess their own abilities, as well as their business and leadership skills. This will help them determine if them have the right skills for the organization and if the organization meets their own personal needs and goals.

At Coors Healthcare Solutions, we have tremendous experience in the management of CEO searches. This experience has given us the expertise necessary to advise boards on the intricacies and challenges of executive search. Our search process is tailored to the needs of these boards, as we also provide personal attention to CEO candidates, ensuring that the candidate is successful and an ideal fit. Contact us to learn more.

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