Boutiques Search Firms: A Good Alternative to the Established Firms
The search industry is experiencing a shift in demand, with companies increasingly favouring smaller “boutique” firms. We are seeing boutiques frequently pitching for (and winning) search mandates against their larger counterparts. What are companies seeking, and where do boutiques excel over and outperform large firms?
Mid-sized organisations often lack a dedicated talent acquisition team within HR. Those TA specialists are typically focused on volume recruitment to mid-management roles, rather than senior management or C-Suite positions. Outsourcing director-level and C-Suite searches to a boutique firm offers a rigorous, transparent, and independent hiring process, providing clients with a highly qualified and well-vetted longlist and shortlist of candidates.
Moreover, boutique executive search firms often outperform their larger counterparts in response times, agility, flexibility, direct partner involvement, customisation of services, pricing, and fewer non-compete issues.
Using a boutique often results in a deeper, more personal relationship with the individual headhunter. These firms are generally owner-managed, comprising principals with extensive experience from larger firms. They have learned the trade, built broad networks, and chosen to establish their own consultancies. Typically, boutique partners serve clients directly, actively nurturing relationships, and delivering the project personally—unlike larger companies where roles may be divided between business development and search execution.
Boutique firms aim to provide a seamless, personalised service—whether you are a client or a candidate. Building strong relationships and maintaining a good reputation are vital for their growth and repeat business.
Key Differences Between Boutique and Large Executive Search Firms:
- In terms of the service provided, there should be no difference.
- Boutique firms may be specialised by industry or function or both whereas large executive search firms with global footprints are in the end an assembly of specialists by industry, function or both.
- Off limit lists: Any reputable firm will not proactively approach candidates from their client lists, so while large firms have large off-limits lists, boutique firms merely by being smaller, will have a much shorter list.
- Transparency: The person you meet with to discuss your hiring needs is the consultant who will conduct the search and deliver the final results.
Ultimately, both large and small executive search firms offer the same core service: attracting, evaluating, developing, and placing candidates into roles for which we have been retained.
What boutique search firms can offer is a knowledgeable recruitment team, a personalised service and a strong focus on the customer experience.