Posted on February 15th, 2021
Private equity firms must attract and retain top talent.
One of the top concerns in private equity right now is top talent recruitment.
It’s easy for operating partners to become so fixated on processes and technology that they overlook the most important lever: the people and teams who make transformation happen.
Processes and technology are nothing without the right talent to implement them. For every business transformation, there is a great team of people who made it possible.
Diversity and inclusion are front of mind for many investors when building these teams. On average, diverse companies are 70% more likely to capture new markets, have 19% higher innovation revenues and have 9% higher margins on earnings before interest and taxes (or EBIT).
Diverse boards and management teams have been shown to drive innovation through diversity of thought, skills, and perspective. Other benefits include better risk management, a deeper understanding of consumer priorities and greater customer responsiveness, and higher employee engagement and satisfaction.
More PE firms are hiring highly experienced talent acquisition professionals to manage the critical talent agenda, culture, and leadership pieces that enable successful portfolio transformations.
CEO Search Partners, a retained top level retained search firm has been successfully working with Private Equity firms to help them build out the C-Suite of their investments and acquisitions. One of their niches is working with founder led and family owned organizations. Other areas of specialization include plant based, better-for-you, pet, diversity and natural and organic.