Why do we need headhunters?
Why do PE firms use headhunters? It seems very expensive for very little time saving so why do PE firms use them?
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Oncycle is an absolute mess and firms want to be ready to go within hours of another firm kicking off. The HHs have a pulse on this and know the market well. There's also a massive candidate management side of this - you're hitting up almost every BB/EB analyst every year and sorting through them to find them all homes. That's hundreds of coffee chats. And then staying up all weekend during oncycle and coordinating interviews at 3am during a very chaotic process.
The recruiting fee for an associate hire is very low compared to the cost of an entire HR team doing this internally.
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