This advice can be extended to the hiring of a recruiter to find the right Directors for the correctly balanced Board.
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Experts and finance chiefs supply tips about paying recruiters, retaining them, and choosing between the boutiques and the big names.
The tasks of putting together and restocking top-drawer finance teams can present busy CFOs with a daunting question: How much time and effort can I put into picking talent?
The answer most often must be an unhappily expressed version of "not much." While hiring excellent subordinates is obviously the most basic task of a finance chief, many don't have the time to spend on the task. Thus, it ends up being delegated to executive-recruitment firms. But the story doesn't — or shouldn't — end there, experts suggest. By expending some effort in hiring a headhunter, senior finance executives can save themselves the considerable grief and expense that often arises when hires go awry. Says Wine.com CFO John Belchers: "The cost of making a [hiring] mistake is a lot more than the cost of a recruiter."
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