Profile: Korn Ferry (KFY)
19 Jul 2019
Korn Ferry, formerly Korn/Ferry International, incorporated on October 13, 1999, is a people and organizational advisory company. The Company and its subsidiaries are engaged in the business of providing talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services. Its segments include Executive Search, Hay Group and Futurestep. Its executive search business is managed on a geographic basis throughout various regions, such as North America, Europe, the Middle East and Africa (EMEA), Asia Pacific and Latin America. Hay Group and Futurestep are managed on a global basis with operations in North America, Europe, Asia Pacific and Latin America. The Company has a network of approximately 150 offices in over 50 countries across the world that enables it to meet the needs of its clients in all industries. Its clients include public and private companies, middle market and emerging growth companies, as well as government and nonprofit organizations.
The Company helps operationalize a client's complete strategy or address any combination of six categories, such as Organization Design, establishing the conditions for success by clarifying strategy, designing an operating model and organization structure that aligns to it, and defining a performance culture; Talent Strategy and Work Design, mapping talent strategy to business strategy and help organizations put their plan into action; Rewards and Benefits, helping organizations align reward with strategy; Assessment and Succession, providing actionable, research-backed insights that allow organizations to understand the talent they have, benchmarked against the talent they need to deliver on the business strategy; Executive Search and Recruitment, integrating scientific research with practical experience and industry-specific know-how to recruit professionals of all levels and functions at organizations across every sector, and Leadership Development, combining know-how, science, and proven techniques to build leadership experiences that help entry to senior-level leaders grow and deliver results.
Korn Ferry Executive Search helps clients attract the best executive talent for moving their companies in the right direction. The business is managed by geographical region leaders focusing on recruiting board-level, chief executive and other senior executive positions for clients predominantly in the consumer, financial services, industrial, life sciences/healthcare provider, technology and educational/not-for-profit industries. Its search consultants serve as management advisors working closely with the client in identifying, assessing and placing qualified candidates. The Company utilizes a standardized approach to placing talent that integrates research based intellectual property (IP) with its practical experience. Korn Ferry's Four Dimensions of Leadership & Talent tool gives clients insights about each candidate's competencies, personality traits, drivers, and past experiences that are aligned to the role. The Company conducts due diligence and background verification of the candidates throughout this process, at times with the assistance of an independent third party.
Korn Ferry Hay Group helps align an organization to its people, including developing, engaging, and rewarding them to reach new heights. Hay Group is divided into two areas: Advisory and Productized Services. The Advisory business addresses how people work, and how to reward, develop, engage and motivate them so that strategies succeed. The Productized Services business combines its proven methodology and insight, and packages them into a range of tools, supporting recurring Human Resources (HR) processes in the domains of pay, talent and engagement. As of April 30, 2016, the Company had Hay Group operations in 21 cities in North America, 35 in Europe, 19 in Asia Pacific, and 10 in Latin America.
Korn Ferry Futurestep offers clients a portfolio of talent acquisition solutions, including recruitment process outsourcing (RPO), Project Recruitment, Professional Search, Talent Consulting and Employee Communications. Futurestep combines traditional recruitment know-how with a multi-tiered portfolio of talent acquisition solutions. Futurestep consultants, based in approximately 20 countries, have access to the Company's databases of pre-screened, mid-level professionals. Its Project Recruitment services offer an outsourced approach for delivering the right talent in the right numbers and in the right location, within a specific timeframe. Talent Consulting services support clients with various aspects of the talent lifecycle including talent acquisition advisory, and candidate assessment and selection.
The Company competes with Egon Zehnder International, Heidrick & Struggles International, Inc., Russell Reynolds Associates, Spencer Stuart, Aon Hewitt, Willis Towers Watson, Deloitte, McKinsey, RHR International, Development Dimensions International, Center for Creative Leadership, Right Management, Mercer, Corporate Executive Board, Cielo Talent, Alexander Mann Solutions, Hays, Kenexa, Spherion, KellyOCG, Accenture and ADP.
1900 Avenue of the Stars Ste 260
LOS ANGELES CA 90067-4507