Top retained executive search 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.
Founded in 2009, Spectrum fills a critical void in the marketplace: delivering access to world class talent to entrepreneurial and middle market-sized businesses, many of whom are owned by Private Equity firms. We recruit C-Suite talent for Private Equity firms and Functional Leaders for their Executive Management teams. It takes a certain type of candidate to thrive inside of these less structured and dynamic portfolio companies requiring very hands-on leaders who are doers. Successfully recruiting accomplished A players who have this profile is our core competency. Spectrum has built its entire team and business model around mastering the persuasion and systematic evaluation of these A players who generate significant impact. Discover even more details on executive recruitment partners.
Every existing and prospective Spectrum Client is unique, with different needs, challenges, priorities, and corporate cultures. Spectrum appreciates this and will invest considerable time getting to know your business intimately. Should we work together, our goal is to be able to represent your brand as effectively as you do. This discovery process also enables us to develop a compelling value proposition to take to the marketplace, as 95% of the candidates we reach out to are gainfully employed and are not actively seeking new opportunities. The competition for top notch talent today is as fierce as its ever been so it is vital that we make the strongest initial impression possible.
When hiring, give an edge to qualified candidates who have made it through multiple layoff rounds. They’re used to picking up the pieces after a massive layoff and are a better bet to know how to keep the operation moving smoothly. Be clear with them on company plans, and they may start imagining how to fix situations and turn things around. Identify candidates that have a track record of succeeding at things they’ve never done before. While most people can continually succeed in an upward linear fashion by building on prior experience, we are not in a linear period at the moment. The person who can repeatedly succeed in unknown situations is what some companies will need for fresh ideas and reinvention.
Kevin serves as the Chief Executive Officer for Spectrum Search Partners and has dedicated his career to recruiting world-class executive leadership talent. Having co-founded Spectrum in 2009 during the Great Recession, Kevin uses his 22+ years of executive search expertise leadership and business acumen to drive significant impact for Spectrum’s clients. He specifically created Spectrum’s recruiting capabilities to serve complex and fast-growing businesses, most of which are private equity-backed. Kevin works with private equity firms and their boards, CEOs and other executive leaders – to build their teams, optimize company performance, and provide substantial ROI on their invested capital. Having personally led several hundred searches throughout his career, Kevin remains a hands-on, involved leader in the business. He leads Spectrum’s CEO Search Practice, along with many other senior level assignments. Spectrum is one of the fastest growing retained search firms in the country and now serves over 60 private equity, venture capital and family office clients. Kevin has significant industry expertise across all the verticals that private equity invests in. He takes exceptional pride in the fact that Spectrum has filled 100% of its assignments and has become a partner for life to many of its clients. Find additional info at here.