The Latest Executive Search Trend? Big Data
The executive search industry has witnessed a dramatic shift in how board and senior-level executives are recruited. Co-Founder and General Partner of the venture capital firm Andreessen-Horowitz Marc Andreessen believes LinkedIn is “eating” the recruiting industry. Yes, that’s the actual verb he uses in an essay he wrote for The Wall Street Journal “Why Software is Eating the World” and yes, as an investor in LinkedIn, Mr. Andreessen has a vested interest in promoting the idea. But he has a point.
Software is changing how we do what we do in fundamental ways. But with every cool new advance in technology, there’s a catch. (Isn’t there always?)
There is now a treasure trove of data available on candidates. However, in most cases, it is not current, it is incomplete, and increasingly it is not structured. Moreover, there is so much information available, recruiters are suffering from information overload. Increasingly, they’re missing top talent, not because the candidates are hard to find, but because they cannot see the forest for the trees. Recruiting “best practices” were never designed to deal with Big Data. It represents both a threat and an opportunity that I detail in our latest video.
We welcome your thoughts and comments on the trends you’ve witnessed.