Management on demand™ by CEO Worldwide: Recruitment of senior executives - made to measure
Press Release - 20 Jan 2004
Management on Demand by CEO Worldwide: Recruitment of senior executives
CEO Worldwide provides a brand new solution which is tailor made to fit the demands of High-tech and Biotech companies: management on demand. With the emphasis on flexibility and cost reduction, management on demand is positioned between the two traditional senior executive recruitment solutions currently available...those offered by executive search companies and those provided by interim management companies. Thanks to its unique know-how and positioning, CEO Worldwide is able to provide you with senior executives for international interim projects which can be transformed at any time into permanent placements.
Management on Demand by CEO Worldwide: a unique approach to senior executive recruitment
Unique benefits compared with Interim management for senior executives...
Unlike senior executive Interim management companies, CEO Worldwide benefits from a pool of 800 pre- qualified managers from all over the world, each one with a proven entrepreneurial track record. These managers are available for international missions whether in Europe, USA or Asia. By using managers already based in the countries in which the projects are located, CEO Worldwide is able to reduce expatriation costs and immediately take advantage of the interim manager's private network of local contacts. CEO Worldwide's managers are all hired on the basis of a straightforward service contract which is easy to implement and the interim projects can all be transformed into a permanent placement reducing recruitment costs and risks should the Client so desire.
... and Executive Search companies
Indeed, CEO Worldwide's solution also represents a significant cost reduction when compared with Executive Search companies since it removes almost all direct costs prior to a permanent recruitment. Instead of these charges being invoiced prior to the hiring of the Executive, they are spread over the duration of the project. Hence the direct cost of hiring via CEO Worldwide is 2k compared with an average of 30K charged by a typical Executive Search company.
Furthermore CEO Worldwide's management on demand solution offers a truly unique flexibility, since it not only reduces the risk associated with recruitment the interim period can be used as a form of trial period but it also significantly lowers the time frames involved. A CEO Worldwide manager will always be in place within 3 weeks compared with 3-6 months in the case of traditional recruitment solutions.
« ON DEMAND », a concept which is gaining ground within organisations
Controlling costs, shortening lead times, reducing risk, accelerating payback on investments these are some of the key concerns of management today. Such preoccupations have given rise to the concept of "on demand" whereby the company only pays for the resources it uses and benefits from the most up-to-date systems and training.
Only paying for the products we need, when we use them seems an obvious concept when we are discussing a telephone bill. It is less clear-cut when we are talking about computer equipment, stock, printing and office costs. Promoted by the key players in the IT world; "on demand" solutions are now gaining ground in the world of business.
If this is possible today, it is because companies have been through a great deal of pain to arrive at this point. The standardization of information technology, the increasingly aggressive and global nature of competition, the need to control costs and other factors have all contributed to this development.
However the one area that seemed permanently immune to change was the world of senior executive recruitment. Today, this sector is finally starting to modernize as a result of pressure from CEO Worldwide and its management on demand offering.
CEO Worldwide (www.ceo-worldwide.com)
CEO Worldwide offers an Interim management and permanent recruitment service dedicated to the High-Tech and Bio-Tech sectors. Managers qualified by CEO Worldwide are all proven High-Tech or Biotech entrepreneurs from Europe, USA or Asia. In less than 3 weeks and on the basis of a straightforward service contract, CEO Worldwide will provide its clients with senior Interim Executives (CEO, COO, CFO, VP Bus Dev) to work on projects alongside or in place of the CEO. Through its website, CEO Worldwide gives its clients access to its exclusive extranet allowing them to see the profiles of all available pre-qualified managers.