- Is It Worth It?
- Use an Third Party Executive Search firm
- Be Careful What Information that Your Interviewers Share
If you plan to interview a candidate from one of your competitors, you will need to instruct your interviewers to be very careful what information that they reveal to the candidate. It is not unusual for the competition to send someone in for an interview just to get some inside information. If you plan to reveal sensitive company data to candidates, you should present them with a non-disclosure agreement and have them sign the document in the presence of a witness.
- Carefully Review The Candidate’s Non-Compete Agreement
If you interview and intend to make an offer to someone from the competition, make sure to have your legal team carefully review the candidate’s non-compete agreement. Some states are stricter than others in interpreting the non-competes and, depending how the agreement is worded, it may be very difficult to get around. It is better to spend the legal dollars upfront for advice than to be hit with a costly lawsuit later.
- Be Prepare to Compensate Stars from the Competition Well
If you have an opportunity to hire a real star from the competition, be prepared to pay royally for that person’s services. You figure that his/her current company is paying them well that and will fight hard to retain the person. While money will be a major motivating factor in moving to your company, a candidate will also be looking at the upside that your company offers in career development, market growth, and product/services capabilities.
Principal & Founder
As a Philadelphia area based Executive Search and Recruiting firm, MAS Recruiting offers clients a strong level of recruiting expertise and an unprecedented level of service not received from larger firms.
We have a national list of clients. Our client list includes emerging growth up to Fortune 500 companies. We have strong recruiting experience in a multitude of industry verticals including:
- Advanced Materials
- Business Consulting
- Clean-Tech & Energy
- Financial Services
- Food & Beverage