Published on March 5, 2014
Recruitment & Executive Search Building trust. Enhancing performance. www.ascentor.ro
The Challenges of Finding and Retaining Talent Finding the right people for key roles is often a difficult task. When recruiting for finance, audit or related positions, employers are facing a number of challenges: Talent shortage Expectation gap Duration Volume Costs Risk Most companies believe there are enough experienced professionals on the market to easily find the right people for any vacancy. The truth is there is a growing deficit of highly skilled finance and audit professionals on the Romanian market. At the same time the complexity of the job requirements is increasing together with the business challenges of the organisation. There are difficulties in articulating and communicating the technical requirements and management expectations to the candidates until late in of after the recruitment process. There is risk that candidates do not fully understand the role until they are employed, just to find themselves in the wrong place. The duration of the recruitment process from initiation to employment is too long (up to several months). Key time consuming activities include job advertising, initial screening of a large number of CVs, technical and soft skills assessment. For the last two years the number of active jobseekers on the market increased significantly and the average desired salary decreased. From a volume perspective this is a positive trend for the employers. However, it will take more time and effort to assess and test these candidates than before. Companies always receive large volumes of applications to an advertised vacancy (over 3-400 applications is not uncommon). The traditional internally managed sourcing and recruitment process requires a significant investment (time and cost) from the organisation's HR professionals and senior management: screening, tests, multiple interviews. In addition there is an opportunity cost of being distracted from core HR and business projects. The potential for failure is significant and the related costs for the business extend beyond the costs for repeating the recruitment process. ASCENTOR – Recruitment & Executive Search Companies should not wait for the financial crisis to make good candidates available. A good candidate will always be a good candidate, in any industry, both during crisis or growth. And companies will always compete for them. Which are the best pools for recruiting skilled finance or audit professionals? • Professional services organisations (Big Four, second tier accounting firms, leading local firms) • Highly regulated organisations (e.g. financial services) • Large multinationals with best practice internal functions • Regional or local businesses with self made internal functions and practices • Independent (freelance) professionals However it is critical to match the candidate's background and experience with the organisation type and culture: • A top performer in a large multinational or bank may fail in an entrepreneurial environment. • A candidate from a leading small business or a freelancer may not perform as well or be demotivated in a highly standardised structure. • When recruiting from industry for the public practice, consideration should be paid to additional requirements such as business development, selling and people skills. 2
Recruitment & Executive Search Finding the best talent ASCENTOR continues the experience of the HR consulting firm Human Resources International Services, which was established in 2005. We cover a wide range of competencies in human resources management, executive search and recruitment. Our executive search approach is designed to increase the effectiveness and speed of the recruitment process. Executive Search Based on our background in finance, we are recruiting from "inside" the profession. As opposed to traditional recruitment, we leverage our personal network of contacts in order to obtain independent references and credentials about the candidates and generate a strong shortlist of candidates very quickly. Specialist Recruitment Our network of contacts in the finance, audit and consulting community is a key asset, that allows us to speed up the recruitment process. We identify potential candidates through networking, referrals and intensive search. Technical assessment of candidates' competencies We have the capability to conduct a detailed assessment of the candidates' finance technical competencies and soft skills, based on analysing the candidate career background and interviewing the persons who are best suited for the job role. ASCENTOR – Recruitment & Executive Search 3
Talent mapping and pooling Our talent mapping and pooling service involves identifying and engaging with executive talent that may be of interest to our clients and benefits executives by introducing them to relevant companies. We provide a successful talent pooling service by immersing ourselves in the culture of our clients’ business and fully understanding the aspirations of all parties involved. Personnel leasing Personnel leasing is the ideal solution provided to our clients for their diversity and flexibility needs, providing quality at the same time. We hire the personnel necessary to fulfill your employment needs. We provide you: • Personnel administration • Coverage of all personnel documentation, declarations and administrative procedures • Calculation and payment of salaries and benefits • Support in the induction period • Trial period Restructuring and Outplacement Through our outplacement services, we make it our business to understand the dynamic realities of today’s workplace. We have the tools, technology and expertise to help you plan an effective restructuring strategy and manage the outplacement and career transition process from start to finish. ASCENTOR – Recruitment & Executive Search 4
Ascentor Delivers Focused Recruitment Services We are a specialized recruitment practice focusing on Finance and Audit ("F&A") roles in a wide range of industries. Our strength consists in our team's unique synergy of complementary skills (HR and F&A) supported by an impressive business network. Our core competencies What we deliver Strong HR expertise Quality and focus Radu Văcărelu has over 14 years of experience in HR in both leading multinationals and entrepreneurial environment. He is experienced in recruitment, executive search, as well as HR management and transformation projects. Our professional network is at the core of our recruitment strategy. We are able to identify the right candidates with proven track record and evaluate the technical and cultural fit with the organisation. Leading F&A capabilities Comprehensive technical assessment Nadir Ali, FCCA, CIA, CISA, has 15 years of professional experience in F&A including 10 years with PwC Romania. Nadir is experienced in audit and management consulting in finance & accounting, governance, risk and compliance. We have the unique capability to conduct detailed assessments of the candidates' F&A technical competencies. Our team includes leading experts in this area and we partner with other experts for very specialized roles. Impressive network Our network enables us to build relationships with professionals who are not actively seeking new employment, by providing them with on-going career advice and market information, as well as flagging specific opportunities to them. We are actively seeking referrals from our network to track suitable candidates. Speed We provide a high quality shortlist in less than four weeks from our engagement. Our network and database of contacts allows us to skip the time consuming stages of the typical recruitment process. We deliver recruitment services at the highest standard as demonstrated by our commitment to our clients: Cost effective Time bound Quality guarantee Professional fees fully contingent upon the successful hiring of proposed candidates. Delivery of shortlist in up to one month. Free of charge replacement if the candidate fails to perform within determined period of time. ASCENTOR – Recruitment & Executive Search 5
Human Resources Management The key to all transformation initiatives We provide HR Advisory services either as a stand alone solution or as part to larger consulting or transformational projects. HR Consulting People are at the centre of any business improvement initiative. Our HR Consulting solutions support the implementation of complex transformation projects: • HR strategic planning • Roles and responsibilities alignment • Development of KPIs and performance based compensation and reward schemes • Contingency and succession planning Change Management Our team includes professionals with experience in large scale business transformation projects. We provide support in the following areas: • Project management for large scale transformation projects • Development of project management tools, performance indicators and reporting • Set-up of the project management office • Assessment of corporate culture and readiness for change • Development of change communication plan • Project benefits realization assurance ASCENTOR – Recruitment & Executive Search 6
Contact Prof. Dr. Eden Ali Audit, Transaction Services, Expert Accounting, Litigation Support, Training Services firstname.lastname@example.org Dan Iancu Strategy & Operations, Finance, Transaction Services email@example.com Kemal Özmen Forensics & Litigation Support, Risk Management, Operations, IT Advisory and Audit firstname.lastname@example.org Radu Văcărelu Executive Search and Recruitment, HR Consulting email@example.com Nadir Ali Audit, Internal Audit, Risk, Strategy & Operations, Finance firstname.lastname@example.org Ascentor Business Services SRL Phone / fax: e-mail: Web: +40 21 319 5354 email@example.com www.ascentor.ro Office address 12A Docentilor Street, Sector 1 RO-011403, Bucharest, Romania Trade Registry: J40/1847/2014 CUI: 32799705 Copyright 2014 Ascentor Business Services SRL. The information contained in this presentation is provided for general guidance and is intended to offer the reader general information of interest about the firm Ascentor Business Services SRL and its services. The information provided is not intended to replace or serve as substitute for any audit, advisory, tax or other professional advice, consultation or service. You should consult with an Ascentor Business Services SRL representative to obtain such services. Building trust. Enhancing value.
Building trust Enhancing performance www.ascentor.ro
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... care îi ajută pe profesioniștii precum Nadir Ali să ... Executive Search; ... Recruitment Consultant at ASCENTOR Recruitment and Executive Search.
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