Business Services Industry
Recruiters scramble to fill their own ranks;Offer new pay packages, options; can't compete with cash-rich firms.
Crain's New York Business, October, 1999 by angel, karen
The battle to find enough talented executives to fill the demand across corporate America has hit the very industry that is supposed to solve the problem. Executive search firms are having to devote more of their resources to filling senior positions within their own ranks. "There's a demand from our clients for top-level people, and we in turn need to recruit people to fill our clients' demand," says Bernard Schneider, vice president of corporate development for $50 million Solomon Page Group Ltd.
in Manhattan. "One demand is feeding the other." Search firms are using some of the same creative practices they counsel their clients to use in order to lure the best executives. They are putting together new pay packages, and many of the newly public firms...
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