Top executive recruiters in Denver, CO? 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.
Managing Costs. Many SMB leaders have been taking a careful look at their costs during the pandemic, and some were even surprised by areas of their business that had become bloated. Leaders can minimize surprises like those by more regularly assessing changing external and internal risks and opportunities brought about by the pandemic, and realigning their resources around those factors. By maintaining strong financial discipline, leaders can be better prepared for the unpredictable. When leaders operate a lean business, they free up resources to invest in innovation that can lead to new growth.
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. Discover extra details at executive recruitment partners.
CEO’s and other Senior Executives rely upon Spectrum to build world class Leadership teams that enable them to successfully execute and fulfill their goals. These executives are hand-selected for their capacity to move at private equity speed and their ability to drive results. We recruit Functional Leaders and Subject Matter Experts who excel at revenue generation, general management, finance, innovation, and operational excellence roles.
Assess how each candidate’s work arrangement should be structured. Could it be a contract role to allow more flexibility than is possible with a fulltime hire? Consider structuring hires to minimize unemployment and outplacement costs in the present climate of uncertainty. Implement low-cost, minimal-effort, yet high-impact employee retention and mental health practices. Everyone knows we are in an unprecedented time and companies are making some things up as they go along. But keeping new and current employees involved and part of the plan will foster a climate of “we’re all in this together,” where the company’s next great idea can come from any employee that wants to contribute. Scared, resentful employees don’t often want to offer ideas.
Heather joined Spectrum in 2009. She has worked in executive search for 20 years and has partnered with Spectrum’s CEO, Kevin Hahn, for much of that time. Heather has played a pivotal role in developing Spectrum’s private equity-centric candidate identification and acquisition capabilities, as well as both supporting and leading executive C-level and functional leadership searches. She has worked extensively in each of the 6 primary verticals that Spectrum supports as well as others, including direct marketing, education (for profit and on-line providers), and hospitality sectors. Heather has successfully completed hundreds of searches over the course of her career. Her depth and versatility have enabled Spectrum to execute on its strategy to be a single source provider to its PE clients. Read even more details at here.