TERMS OF REFERENCE FOR RECRUITMENT OF THE BEDCO CHIEF EXECUTIVE OFFICER (CEO) POSITION
1. BACKGROUND
The Basotho Enterprises Development Corporation (BEDCO) is a parastatal of the government of Lesotho that was established by an Act of Parliament: BEDCO Act No.9 of 1980 (as amended) mandated “to promote the development of Basotho owned enterprises and of indigenous entrepreneurial skills and for connected purposes.”
BEDCO performs the following functions towards fulfilment of its mandate.
• Facilitation of the establishment and growth of MSMEs.
• Promotion and entrenchment of an entrepreneurial culture in Lesotho.
• Facilitation of the establishment of incubation services.
• Advocacy for an enabling regulatory framework and appropriate licensing regime for MSME.
• Enabling access to finance and markets.
The Corporation is in the process for recruiting a new Chief Executive Officer (CEO) and is therefore looking for an individual consultant to facilitate the recruitment process.
2. OBJECTIVE
The objective of the assignment is to engage a consultancy firm to assist the BEDCO Board of Directors to recruit a suitable CEO for the Corporation.
3. SCOPE OF WORK
The consultant should work together with the BEDCO Board of Directors to carry out the following scope of work:
a) Develop an advertisement for the CEO position and facilitate publishing it in local newspapers and BEDCO social media platforms.
b) Develop a shortlisting criterion in line with the job requirements and carry out a shortlisting of candidates.
c) Develop interview questions and carry out interviews of shortlisted candidates.
d) Carry out psychometrics of the top three candidates in line with the behavioral requirements of the job.
e) Carry out background check of top three candidates.
f) Select the preferred candidate from the interview, psychometric results, and background check information.
g) Advise the Board committee responsible for recruitment on the terms and conditions of the CEO’s employment.
4. DELIVERBALES
The consultant is expected to produce the following deliverables:
| Scope of Work | Deliverables |
| a) Develop an advertisement for the CEO position and facilitate publishing it in local newspapers and BEDCO social media platforms. | i. Job advertisement published in local newspapers and BEDCO social media platforms |
| b) Develop a shortlisting criterion in line with the job requirements and carry out a shortlisting of candidates. | i. Shortlisting criterion ii. Shortlisting report |
| c) Develop interview questions and carry out interviews of shortlisted candidates. | i. Interview question sheets ii. Interview report |
| d) Carry out psychometrics of the top three candidates in line with the behavioral requirements of the job. | i. Psychometric assessment report |
| e) Carry out background check on top three candidates | i. Background check report |
| f) Select the preferred candidate from the interview and psychometric results. | ii. Final recommendation report approved by BEDCO Board |
| g) Advise the Board committee responsible for recruitment on the terms and conditions of the CEO’s employment. | iii. Draft terms and conditions of CEO’s employment. |
5. RESPONSE REQUIREMENTS
The consultant is required to define the methodology and tools to be applied in addressing the scope of work and provide an indicative work plan to carry out the assignment.
The consultant is required to indicate the psychometric assessment facility that they will be using and the proposed assessment.
The consultant is also required to provide three references where similar work has been conducted. The years in which the assignments were carried out should be clearly indicated. Experience sites should be of work carried out within the past 10 years.
6. COMPETENCY AND EXPERTISE REQUIREMENTS
• The consultant is expected to have the following competencies, skills, and experience:
o Master’s degree in HR or a similar field.
o Minimum of 10 years work experience in Human Capital recruitment consulting or an executive Human Capital Management position. o Minimum of 5 years’ experience in the recruitment of executive level management positions.
o Minimum of three previous assignments in the recruitment of executive level management positions.
o Excellent verbal and written communication skills.
• The proposed psychometric assessment centre should have at least 5 years’ experience in the carrying out of psychometric assessments for CEO positions.
7. TIME-FRAME
The assignment must be completed within 10 weeks.
8 PAYMENT SCHEDULE
The consultant will be paid upon submission of the final deliverable.