Tech firms turn to Executive Search for leadership recruiting prowess

The Executive Search industry, who recruit for businesses at the leadership level, has experienced rocketing growth in technology and telecoms firms retaining their services in order to make leadership team hires.

Net Fee Income (NFI) from Technology and Telecoms firms retaining Search firm services for hires above £200,000 grew by 24.2% over the period 2016-2017 to 2017-2018. Searches for this type of hire now make up 14.8% of NFI for the Search industry making hires above £200,000.

Only the financial services sector (34.1%) and industrial sector (17.0%) make-up a greater proportion of income for the Search industry at this level.

Comments from Eli Fathi, CEO at Mindbridge, a tech start-up, suggest that the tech sector is increasingly turning to Search firms to assist with leadership talent acquisition because, in part, start-up firms are beginning to realise the benefit of hiring an experienced C-suite team early on. Speaking to Real Ventures, he said: