ASCENTOR recruitment and executive search

www.ascentor.ro

Recruitment & Executive Search

Building trust. Enhancing performance.

The Challenges of Finding and Retaining

Talent

Talent

shortage

Most companies believe there are enough

experienced professionals on the market to easily

find the right people for any vacancy. The truth is

there is a growing deficit of highly skilled finance

and audit professionals on the Romanian market.

At the same time the complexity of the job

requirements is increasing together with the

business challenges of the organisation.

Expectation

gap

There are difficulties in articulating and

communicating the technical requirements and

management expectations to the candidates until

late in of after the recruitment process. There is

risk that candidates do not fully understand the

role until they are employed, just to find

themselves in the wrong place.

Duration The duration of the recruitment process from

initiation to employment is too long (up to

several months). Key time consuming activities

include job advertising, initial screening of a large

number of CVs, technical and soft skills

assessment.

Volume For the last two years the number of active

jobseekers on the market increased significantly

and the average desired salary decreased. From

a volume perspective this is a positive trend for

the employers. However, it will take more time

and effort to assess and test these candidates

than before. Companies always receive large

volumes of applications to an advertised vacancy

(over 3-400 applications is not uncommon).

Costs The traditional internally managed sourcing and

recruitment process requires a significant

investment (time and cost) from the

organisation's HR professionals and senior

management: screening, tests, multiple

interviews. In addition there is an opportunity cost

of being distracted from core HR and business

projects.

Risk The potential for failure is significant and the

related costs for the business extend beyond the

costs for repeating the recruitment process.

Companies should not wait for the financial

crisis to make good candidates available.

A good candidate will always be a good

candidate, in any industry, both during crisis

or growth. And companies will always

compete for them.

Which are the best pools for recruiting

skilled finance or audit professionals?

• Professional services organisations (Big

Four, second tier accounting firms,

leading local firms)

• Highly regulated organisations (e.g.

financial services)

• Large multinationals with best practice

internal functions

• Regional or local businesses with self

made internal functions and practices

• Independent (freelance) professionals

However it is critical to match the

candidate's background and experience

with the organisation type and culture:

• A top performer in a large multinational

or bank may fail in an entrepreneurial

environment.

• A candidate from a leading small

business or a freelancer may not perform

as well or be demotivated in a highly

standardised structure.

• When recruiting from industry for the

public practice, consideration should be

paid to additional requirements such as

business development, selling and people

skills.

Finding the right people for key roles is often a difficult task. When recruiting for finance, audit or

related positions, employers are facing a number of challenges:

2 ASCENTOR – Recruitment & Executive Search

Recruitment & Executive Search Finding the best talent

ASCENTOR continues the experience of the HR consulting firm Human Resources International

Services, which was established in 2005. We cover a wide range of competencies in human resources

management, executive search and recruitment.

Our executive search approach is designed to increase

the effectiveness and speed of the recruitment process.

Executive Search

Based on our background in finance, we are recruiting

from "inside" the profession. As opposed to traditional

recruitment, we leverage our personal network of

contacts in order to obtain independent references and

credentials about the candidates and generate a strong

shortlist of candidates very quickly.

Specialist Recruitment

Our network of contacts in the finance, audit and

consulting community is a key asset, that allows us to

speed up the recruitment process. We identify potential

candidates through networking, referrals and intensive

search.

Technical assessment of candidates' competencies

We have the capability to conduct a detailed assessment

of the candidates' finance technical competencies and

soft skills, based on analysing the candidate career

background and interviewing the persons who are best

suited for the job role.


Talent mapping and pooling

Our talent mapping and pooling service involves identifying and engaging with executive talent that may be of

interest to our clients and benefits executives by introducing them to relevant companies. We provide a

successful talent pooling service by immersing ourselves in the culture of our clients’ business and fully

understanding the aspirations of all parties involved.

Personnel leasing

Personnel leasing is the ideal solution provided to our clients for their diversity and flexibility needs, providing

quality at the same time. We hire the personnel necessary to fulfill your employment needs. We provide you:

• Personnel administration

• Coverage of all personnel documentation, declarations and administrative procedures

• Calculation and payment of salaries and benefits

• Support in the induction period

• Trial period

Restructuring and Outplacement

Through our outplacement services, we make it our business to understand the dynamic realities of today’s

workplace. We have the tools, technology and expertise to help you plan an effective restructuring strategy and

manage the outplacement and career transition process from start to finish.


Ascentor Delivers Focused Recruitment

Services

We are a specialized recruitment practice focusing on Finance and Audit ("F&A") roles in a wide range

of industries. Our strength consists in our team's unique synergy of complementary skills (HR and

F&A) supported by an impressive business network.

Our core competencies

Strong HR expertise

Radu Văcărelu has over 14 years of experience in HR

in both leading multinationals and entrepreneurial

environment. He is experienced in recruitment,

executive search, as well as HR management and

transformation projects.

Leading F&A capabilities

Nadir Ali, FCCA, CIA, CISA, has 15 years of

professional experience in F&A including 10 years

with PwC Romania. Nadir is experienced in audit and

management consulting in finance & accounting,

governance, risk and compliance.

Impressive network

Our network enables us to build relationships with

professionals who are not actively seeking new

employment, by providing them with on-going

career advice and market information, as well as

flagging specific opportunities to them. We are

actively seeking referrals from our network to track

suitable candidates.

What we deliver

Quality and focus

Our professional network is at the core of

our recruitment strategy. We are able to

identify the right candidates with proven

track record and evaluate the technical and

cultural fit with the organisation.

Comprehensive technical assessment

We have the unique capability to conduct

detailed assessments of the candidates'

F&A technical competencies. Our team

includes leading experts in this area and we

partner with other experts for very

specialized roles.

Speed

We provide a high quality shortlist in less

than four weeks from our engagement.

Our network and database of contacts

allows us to skip the time consuming

stages of the typical recruitment process.

We deliver recruitment services at the highest standard as demonstrated by our commitment to our

clients:

Cost effective

Professional fees fully

contingent upon the successful

hiring of proposed candidates.

Time bound

Delivery of shortlist in up to

one month.

Quality guarantee

Free of charge replacement if

the candidate fails to perform

within determined period of

time.


We provide HR Advisory services either as a stand alone solution or as part to larger consulting or

transformational projects.

HR Consulting

People are at the centre of any business improvement

initiative. Our HR Consulting solutions support the

implementation of complex transformation projects:

• HR strategic planning

• Roles and responsibilities alignment

• Development of KPIs and performance based

compensation and reward schemes

• Contingency and succession planning

Change Management

Our team includes professionals with experience in large

scale business transformation projects. We provide

support in the following areas:

• Project management for large scale transformation

projects

• Development of project management tools,

performance indicators and reporting

• Set-up of the project management office

• Assessment of corporate culture and readiness for

change

• Development of change communication plan

• Project benefits realization assurance

Human Resources Management The key to all transformation initiatives


Prof. Dr. Eden Ali

Audit, Transaction Services, Expert Accounting,

Litigation Support, Training Services

[email protected]

Kemal Özmen

Forensics & Litigation Support, Risk

Management, Operations, IT Advisory and Audit

[email protected]

Nadir Ali

Audit, Internal Audit, Risk, Strategy & Operations,

Finance

[email protected]

Ascentor Business Services SRL

Phone / fax: +40 21 319 5354

e-mail: [email protected]

Web: www.ascentor.ro

Office address

12A Docentilor Street, Sector 1

RO-011403, Bucharest, Romania

Trade Registry: J40/1847/2014

CUI: 32799705

Copyright 2014 Ascentor Business Services SRL. The information contained in this presentation is provided for general

guidance and is intended to offer the reader general information of interest about the firm Ascentor Business Services

SRL and its services. The information provided is not intended to replace or serve as substitute for any audit, advisory,

tax or other professional advice, consultation or service. You should consult with an Ascentor Business Services SRL

representative to obtain such services.

Building trust.

Enhancing value.

Contact

Dan Iancu

Strategy & Operations, Finance, Transaction

Services

[email protected]

Radu Văcărelu

Executive Search and Recruitment, HR Consulting

[email protected]

Building trust

Enhancing performance

www.ascentor.ro