CTPartners Reports Audited 2007 Placement Rate of 81%; Average Days to Placement 124 Days2008-03-03
- For CTPartners Anita Buchanan, 561-471-6890 978-821-9877 email@example.com
CTPartners, the performance-driven global executive search firm serving clients around the world announced today that its audited search placement rate for the year ending December 31, 2007 is 81%, up from 80% in 2006. In addition, the average number of days to placement in 2007 is 124, compared to 125 days in 2006. 90% of the 2007 search assignments were completed in 102 days.
Brian Sullivan, Chairman and CEO of CTPartners, said, "By annually publishing our excellent candidate placement rate, days to placement and candidate stick rate, CTPartners continues to raise the bar for transparency and disclosure in the search industry. These metrics give clients the confidence that we have the track record and experience to find the best candidates and place them expeditiously within their organizations. We will continue to set the standard for reporting the data that clients need to select the right partner for their executive search assignments."
A placement occurs when the client has chosen a candidate who is placed in the role, whether from an outside hire or an internal promotion. "Days to Placement" is defined as the average number of days it takes, from the start of a search project, to the date of acceptance by the placed candidate. The audit was conducted by McGladrey & Pullen, Certified Public Accountants.
CTPartners is the performance-driven executive search firm serving clients across the globe. Committed to a philosophy of true partnership with clients, the firm offers a proven record in C-Suite, top executive, and board searches, as well as private equity and venture capital services.
With origins dating back to 1980, CTPartners serves clients with a global organization of more than 350 professionals, offering unparalleled expertise in technology, media and telecom, financial services, life sciences, professional services, retail, and manufacturing.
CTPartners' focus is simple: Place the right executive in the chair. Proof positive of CTPartners' ability to get the job done is its 81% placement rate in 2007. With searches typically taking about 124 days to complete, 90% of placements were completed on average in 102 days. Furthermore, independent post-placement research reveals an industry-high stick rate of 92% for 2007. These statistics are believed to be the best in the executive search industry.
Methodologies used include state-of-the-art technology, such as ClientNet(TM), a password-protected extranet service that renders a search transparent and facilitates client communications. Other tools include Candidate Central(TM), which shortens the recruitment cycle by efficiently engaging candidates; Placement +90(TM); and 40-day Audit(TM) processes.
Headquartered in New York, CTPartners has offices in Bogota, Boston, Caracas, Chicago, Cleveland, Columbia, Geneva, Hong Kong, Jerusalem, Lima, London, Miami, Paris, Redwood City, Shanghai, Singapore, and Washington, DC.
90% of Placements Completed in 102 Days