How to Hire a CEO
There are many ways to go about finding and interviewing a potential chief executive officer. Here are four tips to use when deciding how to hire a CEO for your company.
1. Use an executive search firm
If searching for a chief executive officer seems overwhelming, consider hiring an executive search firm. Since recruiters at an executive search firm already know how to hire a CEO, they can take care of the process while you focus on improving and expanding your business.
The staff at an executive search firm has lots of experience finding, interviewing, and hiring chief executive officers. They may even know some potential candidates for the position right off the bat. The expertise offered at an executive search firm can be a huge help when you’re looking for a CEO.
Talk to your professional connections and mention your search for a CEO. Someone in your network may know the perfect candidate, and they can establish a connection between the two of you. The candidate gets a personal endorsement from someone you trust, and you potentially get a new CEO. If in-person networking doesn’t lead to any results, try using social networks such as LinkedIn to find potential candidates.
3. Don’t do it alone
Hiring a chief executive officer is a huge decision, and there is a lot of pressure to choose the perfect candidate. If you are the only person responsible for making this decision, the pressure intensifies. In order to make hiring a chief executive officer a little less intimidating, seek out help from other leaders in your company.
Other executives, mentors, and trusted colleagues can all be a big help when you’re learning how to hire a CEO. Other people may have different insights on the search process and candidates, and their perspective can help you get a well-rounded view of the situation.
4. Plan Ahead
If executed improperly, a change in company leadership can be jarring. Make a plan for your company in order to help your new CEO adjust to the position. Work with your current staff to decide what course of action will be best for your company. For example: should your new CEO jump into the position right away, or should you find him or her a mentor within the company to help ease the transition? By making a plan before hiring a CEO, you can make the process comfortable for the employees and the company.
What questions do you have about how to hire a CEO? Let us know in the comments.
Y Scouts is a purpose-based, performance-proven leadership search and development firm focused on transforming how people and organizations connect to work that matters. When you’re ready to hire a new leader, Contact Y Scouts. If you are looking for your next leadership role within a purpose-driven, performance-focused organization, please join the Y Scouts Leadership Community.
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