Best CFO executive search firm in Denver, Colorado? Continue Recruiting Even if You Aren’t Hiring! For some, the inherent cost of extending an offer and onboarding a new employee is not feasible at this time. As noted before, no industry or company is immune to the economic reaction to COVID-19, but some have been hit harder than others. However you communicate with your candidates, remember that transparency and honesty are key. Avoid “stringing people along,” if you know you cannot extend an offer now, be honest about it. Nothing travels faster than bad news, and a disgruntled candidate is far more likely to spread the word.
Talent Management. Without customers and great employees, there’s no business to plan for. And making sure the right team is in place who understands how to support customers sits at the top of the priority list. The best leaders are really detailed and purposeful about the people they are onboarding now. Leaders have an opportunity to hire new and diverse talent to meet new challenges and correct business vulnerabilities uncovered by the pandemic.
Private Equity firms entrust Spectrum with hiring their senior most important leaders who will shape and determine the future success of their portfolio companies. We have successfully guided our Clients through hundreds of these processes. Selecting the right candidate accelerates the timetable for achieving the goals of your investment thesis, enhances valuations, and ultimately leads to a very successful exit. Many of these firms utilize us throughout their entire portfolio due to our process, persistence, and thoroughness. As a trusted partner, Spectrum has completed every search we’ve been hired to perform – a track record we are very proud of. If we have to engage with several hundred candidates to find your next leader, we will. Find even more info on private equity search firms.
Three critical steps define the core of Spectrum’s search process. Technology has leveled the playing field within the Executive Search Industry. “The Rolodex era” is a thing of the past. Our sophisticated research strategies expand the universe of addressable talent, beyond traditional databases. Spectrum customizes unique value propositions for each client, maximizing our ability to persuade proven performers. Utilizing our Spectrum Scorecard allows us to expertly evaluate and measure all candidates against your specified needs, as each assignment has different requirements and priorities. This process is designed to optimize your time.
Since February, senior executives have increasingly been asking how the pandemic, and now the presumed recession, will affect hiring in 2020. The answer is that it will vary. In any time of economic distress, not every industry slows down. While some companies lay off people, others hire them. As every prior downturn has shown, there is opportunity in chaos, and not just the unethical sort. Of course, hiring, productivity, and retention will likely be more challenging in this time of pandemic and recession. At least for now, there’s a new normal. But even if hiring decreases overall, at most companies there will be pockets of ethical opportunity and business continuity that warrant hiring at certain levels. Again, there is ethical opportunity in chaos. It’s imperative to look for potential leaders as well as rank-and-file employees who have shown they can survive and thrive in uncertain times, and that holds true for current leaders as well. Hiring practices have to adjust accordingly.
Danielle joined Spectrum in 2017. She recruits executives within Spectrum’s core verticals, namely Business Services, Healthcare, and Technology. Previously, she was a senior associate at Accelent Inc., a New York City-based retained executive search firm, focused on early through mature stage software, cyber security, digital media, e-commerce, and financial services clients. Prior to this, she served as a corporate recruiter at One Zero Capital and Bridgewater Associates, one of the world’s largest hedge funds. Her experience with those investors, coupled with Accelent’s entrepreneurial client base, has proven to be invaluable to Spectrum’s private equity clients. After receiving her undergraduate and masters degrees with honors from New York University, Danielle began her career as a professional counselor. The client-centered foundations in which she practiced in this capacity are a significant contributor to her work over the past 5+ years in executive search and human resources, where she has concentrated on recruiting top executive-level talent. Danielle’s high bar for achievement and her drive to succeed, along with the personalized attention she bestows, are highly valued by those brands she represents. Read more details at here.
