By Anthony J.
Silicon Valley is hopping again and the demand for leaders is off the charts according to this Red Herring article:
Opportunities are especially plentiful in wireless, vertical search, software as a service, and social networking,
However if you have been an executive in a large company you might find it a little tougher to land that position:
The right kind of experience, however, is important. Venture capitalists and board members at startups are searching for chief executives who have experience growing a business from small beginnings to an IPO or an acquisition.
As a result, executives running divisions of large companies such as Microsoft, Sun Microsystems, Oracle, or Hewlett-Packard are not as popular as those who have run startups, experts say.
Not only is the market hot but candidates often have multiple offers and that is affecting how companies conduct searches:
The process is also not as simple as it used to be, as candidates and recruiters spend several meetings “courting” candidates, discussing strategies to make the company grow,[...] It’s more like doing a rehearsal of your job before you get it.
In some cases, recruiters don’t hesitate to conduct psychometric tests on candidates such as IQ tests, cultural tests, leadership quality testing, and interviews with industrial psychologists, said Umesh Ramakrishnan, vice chairman at Cleveland-based executive search firm Christian & Timbers.
But those who are successful are getting big money. The flip side is that there is a heavy emphasis on performance oriented compensation.
Read the whole thing here.
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