Radius achieved its third VP hire with BestExec at more than 40% savings from standard industry fees and again chose the team to lead efforts for two other VP searches. The new VP to the Radius leadership team joins the company this month at its Chicago location, representing the third hire since the bank partnered with BestExec as well as an anchor in a new market for the full-service bank with more than $725 million in assets and state-of-the-art delivery channels.
“The best testament to our services is being asked to conduct two additional searches,” notes BestExec President Jim Sullivan. “We’re excited and honored by the opportunity, and look forward to continuing to strengthen our partnership with the Radius executive team.”
Offering a consultative partnership, BestExec led weekly meetings with the Radius team to discuss candidate profiles, provide status updates, and deliver exceptional contenders for a challenging role that required skill sets and experience beyond typical banking leadership. From networking, vetting, and detailed candidate assessments, BestExec is a valued partner in helping Radius connect with top candidates as well as convey the bank’s brand in new markets.
Just this month, Radius Bank filled its second VP role with a cost per hire of 20%--well below executive search fees that typically run 30-33% of overall compensation. With BestExec’s unique pricing model blending hourly consulting with retained search, Radius has been successful in finding exceptional talent for these specialized roles while remaining cost effective. Like the hire before it, this recent fill is a direct result of BestExec’s ability to leverage strong referrals, network, find, and attract highly qualified candidates from a limited talent pool.
From the beginning, the team at Radius Bank was intrigued by the innovative approach to executive search that BestExec offers, including the strong partnership, customized strategies for candidate marketing, guarantees, and attractive pricing.
Finding top candidates was challenging as the role required skill sets beyond the scope of traditional bank leaders, including experience with specific clientele and a strong sales background. Given the limited talent pool, BestExec’s innovative approach to candidate outreach and networking really delivered for the Radius team!
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