Companies are recruiting new leaders again—and they’re reimagining the way they do it
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The pandemic has transformed the process of recruiting CEOs and other top executives. For one thing, it’s getting faster, as virtual interviews have cut the time it takes to interview and hire to roughly four to eight weeks, rather than being drawn out over months of time-heavy trips. But the changes go well beyond speed. Some recruiters say the virtual process also has broadened the applicant pool, given more people inside the company a chance to speak with applicants and generally broken down formality in interviews.
Companies also are giving priority to different values in their new leaders, recruiters and directors say. The pandemic created all sorts of disruption, from technology to corporate culture and a greater focus on diversity. As companies seek executives who can navigate this environment, some are looking for new qualities, such as the ability to speak to a broad audience of stakeholders.
“There’s a very public voice that a CEO carries now,” says Tierney Remick, vice chairman and co-leader of board and CEO services at executive-search firm Korn Ferry . “There is increased demand for their voice across many constituencies, including employees but also customers.”
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