June 5, 2018 – Executive search consultants are seeing an increase in hiring mandates from around the world.
To meet demand, they continue to develop new practices, hire new recruiters and open new locations.
Global recruiting consortiums, meanwhile, are taking advantage of a resurgence in certain geographic areas. Cornerstone International Group, a global executive search and leadership development firm, recently added Recluta Talenthunter as its newest member firm in Costa Rica.
The firm becomes Cornerstone Costa Rica and is the 56th member office and fifth in Latin America offering retained executive search and leadership development services. Recluta was founded six years ago by Miguel Lopez. The firm specializes in placing top professionals in all areas of business, ranging from IT, pharma, health, marketing, call center, BPO, IT, financial, industrial and customer service.
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Mr. Lopez has a deep understanding and hands-on experience in the Mexico, Latin America, and Caribbean region since 1998. During his career, he has worked in nine Latin American countries. Born in Costa Rica and with ample management experience in multinational and cross-cultural environments, Mr. Lopez has led multi-country assignments in the executive search market with local and regional companies established in the region. These include P&G, Hamburg Sud, Mathiesen, Delta Air Lines, Coty, Dentons, Belcorp and Bridgestone.
“Cornerstone is a great fit for us,” said Mr. Lopez. “Costa Rica is home to several multinational companies and we provide custom recruiting solutions to many of them. As member of a global network, we can now greatly increase our service to these clients.”
Costa Rican Market
Larry Shoemaker, president of Cornerstone International Group, said the firm welcomed Mr. Lopez and his team. “Costa Rica’s steady growth in recent years has exceeded the regional average thanks to its openness to foreign investment and trade liberalization,” he said.
Costa Rica is a global leader for its environmental policies and accomplishments and is the only tropical country in the world that has reversed deforestation, said Cornerstone.
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Many foreign companies (manufacturing and services) operate in Costa Rica’s free trade zones (FTZ), where they benefit from investment and tax incentives. Well over half of that type of investment has come from the U.S. The zones reportedly supported over 82,000 direct jobs and 43,000 indirect jobs last year. Companies with facilities in the America Free Zone in Heredia, for example, include Intel, Dell, HP, Bayer, Bosch, DHL, IBM and Okay Industries. Pharmaceuticals, financial outsourcing, software development, and ecotourism have become the prime industries in Costa Rica’s economy.
Global Search Provider
Cornerstone International Group provides executive search and leadership development services to global roster of clients. Both before (with psychometric assessment) and after (onboarding) its search process, the organization said it ensures the highest possible chance of success in filling talent needs. Cornerstone has 66 experienced member firms in both developed and emerging markets worldwide.
In April, the U.K. government formally appointed board and executive recruitment firm Cornerstone London as a preferred search and leadership development partner in a trade initiative aimed at Sub-Saharan Africa (SSA). The program involves face-to-face meetings in the U.K. and planned trade missions supported by a high-quality database of 3,000 screened businesses in the U.K. and 2,000 in Africa.
“SSA is hardly the Wild West, but it is definitely an environment where everything gets done from scratch,” said Justin Mills, managing director of Cornerstone London. “This contributes to mesmerizing profit opportunities which have moved SSA from being the eighth most interesting place to invest to the second, in just three years.”
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media