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Mergers and acquisitions, ‘FAANG’ companies and a slew of disruptive models are changing how people around the world consume news and information. Finding talent with diverse skills for these rising businesses calls for innovative thinking, say Carrie and Ted Pryor of Greenwich Harbor Partners. Let’s take a look at some fertile ground for recruiting!
When it comes to understanding how mentoring operates, most executives have little grounding in data or experience beyond their own.
Executives report that retention of new hires has reached a critical state in their organization, a recent survey shows.
Low pay is the top reason why applicants turn down jobs, while lack of advancement opportunities is the main reason employees leave jobs.
ENGAGE Talent, an AI software company that helps companies identify and effectively engage with passive candidates, has announced a partnership with HonorVet Technologies, a technology-driven talent search staffing firm that is working to eliminate the high underemployment rate affecting military veterans. Forty-three percent of veterans leave their first civilian job within their first year, and 80
City Executive Search has been launched in the U.K. by Mike Lee, Dale Williams and Duncan Powell. The firm provides executive search services to organizations in a range of sectors including financial services, information technology, fintech, human resources, sales and marketing. Based in London and Cardiff, the organization’s clients range from FTSE-listed firms to private
In this latest episode of ‘Talent Talks,’ host Andrew Mitchell is joined by Nick Cromydas, CEO of The Hunt Club, a referral recruiting service that leverages technology and a front-end automation process to help land passive candidates.
More companies have been looking outside for new leaders, an indication that hiring an outsider has become more of an intentional leadership choice than a necessity. Outsiders accounted for 22 percent of all CEOs brought in via a planned succession between 2012 and 2017, up from 14 percent in the 2005 to 2007 period, according
As executive search firms grapple with the complexities of GDPR, many are concerned that the new regulation will mean deleting thousands of records built up over many years. Surely there must be an alternative?
Boutique executive search firm Phillips Oppenheim has been chosen to find the next president and chief executive officer for Philadelphia’s newest museum, the Museum of the American Revolution. Mark J. Tarnacki and Adelaide K. Jones are leading the search. The museum’s previous leader, Michael C. Quinn, stepped down last March after six years of steering the
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Greenwich, Conn-based RSR Partners has promoted Dany B. Berghoff to managing director. Mr. Berghoff, who took over as head of the firm’s global sport and entertainment leadership practice from Joe Bailey in May, will focus on working with clients across the sports, media and entertainment industries. He is also a member of the firm’s hospitality and leisure practice. Mr. Berghoff has
Nearly two-thirds of professionals (63 percent) say they have cut short vacations because of occupational demands and pressure to perform at work, according to a new Korn Ferry survey. The study also found that nearly three quarters (73 percent) said they would prefer a higher salary over more vacation days. According to the survey, staying in
The public sector is in the midst of major transformation. It faces an array of challenges that range from shifting public expectations to budgetary pressures and a growing demand for operational efficiency. To successfully navigate these issues, government organizations need leaders who are focused, tenacious and adaptable, with the capacity to deal with significant scale,
Executive search, leadership consulting and culture shaping services provider Heidrick & Struggles International has named San Francisco-based partner Scott Atkinson to lead its venture capital practice. He succeeds Rebecca Foreman Janjic, who earlier this year was appointed the global practice managing partner for the firm’s global technology and services practice. “Heidrick & Struggles has a rich and deep history working with venture
While diversity and inclusion initiatives have become a “must-have” for 21st century employers, actually making them work depends on having a clear plan and framework that resonates with diverse talent and aligns with overall business goals. “Whether it is speaking at a conference, or consulting to help develop strategies that align their talent functions with
Executive search firm Odgers Berndtson has continued its recent expansion with the addition of Nicole Phillips as a partner in the firm’s retail and consumer practices. She will be based in the New York City office. “We’re delighted to have Nicole with us,” said Diane Lavietes, head of Odgers Berndtson’s retail and consumer practices in the U.S. “As we
Vancouver, British Columbia-based PFM Executive Search has placed Cynthia Kinsella as chief development officer of the Greater Vancouver Food Bank Society (GVFBS). “With Cynthia’s proven success of mentoring effective teams and implementing process improvements throughout her career, she will be a valued member of GVFBS’s executive team,” PFM said. Ms. Kinsella has had a 28-year career in
When it comes to successful hiring and retention, pay rules, according to Adecco’s “2018 U.S. Workforce Report: Attracting Talent and Retaining Employees.” The report, which surveyed over 1,000 American workers from coast to coast, said that remuneration is easily the most important job factor. Employees told Adecco that their top job factors were: salary/wages (42
Toronto-based Caldwell has launched a blockchain advisory council aimed at driving the understanding, integration and implementation of blockchain technologies. The new offering for clients is in partnership with blockchain consulting firm, BTblock. “Blockchain technologies carry the potential for substantial impact within our client’s organizations, as they can enable the strategic reorganization of workflows and related structures,”
Toronto-based Vlaad and Company, a financial services executive search firm, has expanded into the U.S. with the opening of a new office in New York City. The expansion increases the firm’s North American presence and helps both American and Canadian firms find top-tier talent in a very tight marketplace, said the firm New York remains
As employers grapple with a highly competitive hiring environment that is causing prolonged job vacancies across the U.S., workers will reap the benefits. According to CareerBuilder‘s ‘Midyear Job Forecast,’ a full 63 percent of employers plan to hire in the second half of 2018, up from 60 percent last year. A substantial percentage of employers said
The non-profit sector has gained economic strength in recent years, making it the third largest employer in the country. Nearly two million not-for-profits employ 10.7 million people and produce $1.9 trillion in revenue. In the past decade, employment in the sector grew by 17 percent. With demand for non-profit talent at an all-time high, search firms have
Acquisitions continue to make big news in the executive search industry. The Power of Talent Ltd (Bidco), an entity owned and controlled by investment funds managed by DBAY Advisors, has made a £98.7 million bid to acquire London-based recruitment firm Harvey Nash. The deal must now be approved by 75 percent of the firm’s shareholders to be
In a significant shift from a year earlier, women have made substantial progress in the boardroom, according to Heidrick & Struggles‘ 2018 Board Monitor Report. The report found that women accounted for 38 percent of incoming board directors at Fortune 500 companies, a substantial rise from the previous year’s 28 percent. The findings suggest that
RH Perry & Associates is leading searches for new presidents at Alvernia University and Quincy University. The Alvernia opening comes with the announcement that Thomas F. Flynn, who has led the Catholic university since 2005, will be stepping down next June. The Reading, PA-based school’s next president will have the opportunity to build upon the
Hudson Global Inc. / (NASDAQ:HSON) posted second quarter revenues of $17 million, up 14.7 percent in constant currency, from a year ago. By region, Hudson Asia Pacific led the charge, recording a revenue gain of 39.2 percent and Hudson Europe experienced revenue growth of 3.7 percent. Hudson America, meanwhile, struggled, posting a revenue decrease of 15.7 percent. The New
For all the confidence that CEOs tend to convey, most of them have faced greater struggles in the top job than might be evident. Participating anonymously, leaders in a new study by Egon Zehnder revealed that while they did feel ready for the strategic and business aspects of their roles, they felt much less prepared
For many academic recruiting specialists, business has never been better. Even smaller recruiting outfits have multiple assignments running concurrently, all at the senior levels. With so much activity, it seems, talent demand is far outstripping the supply. Education-focused executive recruiter Academic Search, for one example, recently placed Eileen Goldgeier as vice president and general counsel of Brown
Executive search firm Ventura Partners has expanded with the addition of sports industry veteran Katy Young Staudt as managing director in its sports & entertainment practice. Ms. Staudt will open a Ventura office in Phoenix. “We are thrilled to have someone of Katy’s experience and respect on our team,” said Chad Chatlos, leader of the firm’s sports and
Employers added 157,000 jobs last month as the U.S. unemployment rate dipped to 3.9 percent, according to the most recent U.S. Bureau of Labor Statistics report. The July gain is the 93rd consecutive month of job growth. The number of unemployed people rose to 6.3 million. The results fell short of the forecasts of analysts, who expected 190,000 jobs to
Executive search firm Diversified Search, one of the top 10 executive search firms in the U.S., has placed Amy E. Beiter as the new CEO of Kirkland, WA-based integrated health system EvergreenHealth. She replaces Bob Malte who announced his planned retirement from the organization this spring. Zack Reynolds, a managing director in Diversified’s healthcare services practice, led the assignment.
Bullhorn Inc., which provides cloud-based customer relationship management and operations solutions for the staffing industry, has acquired Invenias, a U.K. provider of cloud-based software for executive search firms. Financial terms of the deal were not disclosed. “This acquisition is great news for Invenias customers and prospects,” said Peter Linas, EVP of corporate development and international
Rockville, MD-based search firm JDG Associates has placed J. Lee Covington as the new president of the Surety & Fidelity Association of America (SFAA). Lynn M. Schubert, the group’s current president, announced in December that she would be retiring at the end of this year. Paul Belford, principal at the recruitment firm, led the search. “In the past 22 years,
Museums are among the non-profit organizations that are increasingly turning to specialist recruiters to help fill critical senior-level leadership roles. Recently, Crownsville, MD-based Durakis Executive Search placed Kris Hoellen as the new executive director of the Baltimore & Ohio Railroad Museum. She replaces Courtney Wilson, who led the museum for 20 years. “Kris brings the ideal
Boston-headquartered executive search firm BSG Team Ventures has been selected by GEMS Education to lead its search for a new chief financial officer. Based in New York City, the incumbent CFO will help drive all financial management decisions for the company. The ideal candidate will oversee all company accounting practices, including accounting, budgeting, financial reports, taxes
As we have seen, finance chiefs are in hot demand in corporate America, but they’re also a much-needed intellectual boost at executive search firms that are either undergoing unprecedented growth or considering outside financing to augment coming expansion plans. Fox Rodney Search (FRS) is the latest recruiting concern to name such a leader, bringing in Jerry Harris as
Spencer Stuart has landed Jill Bourne to fill the president position at the Boston Public Library (BPL). Interim library president David Leonard had also been a final candidate along with Andrea Sáenz, first deputy commissioner for the Chicago Public Library, who withdrew from the interview process for personal reasons. Spencer Stuart contacted and reviewed approximately 215 individuals for the
Fort Lauderdale-based executive search firm Steven Douglas Associates has named Vivian Gonzalez-Padilla as managing director, search division, for central Florida. Ms. Gonzalez-Padilla brings over 13 years of experience in executive search with a specialty in accounting and finance recruiting. She focuses on providing search services for mid-market to Fortune 500 companies in the areas of accounting, financial reporting, treasury, and
Companies relying on more advanced forms of CEO assessment may see significant gains as high as 80 percent in market cap alone, according to new research from Korn Ferry. The results are just the latest example of companies around the globe turning to more innovative, sophisticated methods for hiring their most valued — and typically highest paid
Executive search firm Koya Leadership Partners has recruited Angelique Power as president of The Field Foundation of Illinois. She replaces Aurie Pennick who recently announced her retirement. Managing director Alison P. Ranney, senior manager of executive search Anne B. McCarthy, and senior associate Anny K. Chou led the assignment. The position called for a leader with a true passion for the
Global life sciences search specialist Coulter Partners has placed Dr. Richard Butt as chief executive officer for Apollo Therapeutics, an investment fund focused on driving therapeutic innovation through university collaboration. “We are delighted to appoint a CEO of Richard’s caliber and industry experience to drive Apollo’s program forward,” said Dr. Ian Tomlinson, chairman of the Apollo Therapeutics investment
Global search firm Harvey Nash has named Audrey Moreau as associate director and leader of the firm’s industry practice in South East Asia. She is based in the firm’s Singapore office. Ms. Moreau has worked in Malaysia, Vietnam and Singapore, and is a search specialist focused on the industrial and pharmaceutical sectors across the South East Asia region. With almost a
Centerstone Executive Search & Consulting has opened a new Washington, D.C. office serving Fortune 500 and mid-market companies in the consumer products and services sector. “As we continue to grow our national footprint, Washington, D.C. is an area of focus for us with its fertile landscape of businesses that operate in the consumer sector,” said Centerstone
In what is turning into a rapid wave of transition at top universities around the country, Isaacson, Miller has been chosen by Duke University to find its 10th president. Current president Richard H. Brodhead is stepping down in 2017 after 13 years. The search firm’s president, John Isaacson, is personally spearheading the assignment along with vice president Jane
The Hellenic Financial Stability Fund (HFSF), Greece’s bank bailout fund, has picked Stuart Spencer to undertake a review of the boards of the country’s four big banks, part of a drive to crack down on how members are chosen. The HFSF currently owns stakes in National Bank, Piraeus Bank, Eurobank and Alpha Bank, after taking part in their
Stanton Chase International has opened a new office in Detroit to serve its corporate clients in the manufacturing, automotive, commercial vehicle, and defense industries. Rich Kolpasky, a veteran search consultant and former senior executive in the automotive sector, will head up the office as managing director. Metro Detroit has propelled Michigan’s national ranking in emerging technology fields, including life
Executive search firm Lucas Group has appointed Laura Kesler as managing partner for its information technology offices in San Diego, Las Vegas and Phoenix. As managing partner, Ms. Kesler will manage a team of five tenured recruiters between San Diego and Las Vegas with team growth projected to reach 10 in the immediate future. Previously, Ms. Kesler was a
Identifying the best candidate for a senior level position is only half the battle when choosing professionals to lead an organization. Understanding their personal leadership DNA is now seen as a critical assessment step in separating out an average-to-good candidate from a star performer whose game changing talents can drive a company to new heights.
Existing methods of identifying and developing leaders are failing, creating a gap between traditional ideas of leadership effectiveness and what it actually takes to drive sustained business performance, according to ManpowerGroup‘s Right Management just released ‘Most Likely to Lead’ report. Astoundingly, 87 percent of employers surveyed said they do not believe they have the future
Executive search firm ON Partners has posted U.S. revenues of $14 million, an increase of 31.8 percent, for 2015. The firm now ranks as the 19th largest search firm in the Americas region, according to the latest statistics report released from Hunt Scanlon Media. ON Partners currently has 16 consultants working from offices in Atlanta, Baltimore / Washington, D.C., Boston, Cleveland, Dallas, Minneapolis,
Russell Reynolds Associates has been retained by VAALCO Energy, Inc. to lead its search for a chief financial officer. Don McCormack, the company’s current CFO, has resigned to spend more time with his family and pursue other opportunities. According to recent reports, about one fifth of companies change their CFOs annually, and the market for financial officers talent has become
Executive search firm Webber Kerr Associates has been retained by the City of Spartanburg, SC to attract corporate organizations through the firm’s talent and market research services. Spartanburg is looking to draw global attention to businesses to its growing downtown and nearby surroundings. The area has a history in manufacturing and as a cost friendly
TRANSEARCH International has added Michael Catlow as a senior consultant in Melbourne, Australia. He has 30 years of experience in operational and strategic management. Prior to joining TRANSEARCH, Mr. Catlow was managing director of Boyden in Australia, where he completed and led executive searches across the APAC region, focusing mainly on board positions. He chaired both the firm’s global compliance committee
In a Harvard Business Review article, Korn Ferry‘s chief executive Gary D. Burnison (pictured) once compared a search firm to a hospital emergency room, writing that people only go to the ER – and an executive recruitment firm – in an emergency. “In medicine, big businesses are built around wellness and prevention,” he wrote. “I wanted to
U.K.-headquartered executive search firm The Up Group has secured investment from mid-market private equity firm Livingbridge as the recruiting firm targets further domestic and international growth. Exact terms of the funding were not disclosed. Founded in 2007 by Clare Johnston, Up Group has become one of a growing number of search firms focused on finding digital leaders for their
New York City-based executive search firm 680 Partners has placed Christopher Contreras as senior vice president of customer success at Celtra, a user experience platform for digital display, native and video advertising. Ross Freeman, 680 Partners CEO, led the search. Mr. Contreras served as SVP of Operative Media’s customer success group, where he was responsible for
Executive search firm Bespoke Partners has recruited Scott Adkins as chief revenue officer of Personify. Founding partner, Kristie Nova, led the search. Mr. Adkins brings over 20 years of senior leadership experience in the software industry, extensive expertise in enterprise software sales management, and an abundance of experience working with non-profit organizations. He most recently served as
ChampionScott Partners has opened a new office in New York City as part of its effort to develop and expand in strategic business centers globally. Stephanie McGuire, a principal in the firm, has relocated from Boston and will spearhead client engagement, executive search activities and business development in New York. Ms. McGuire is responsible for the qualification, assessment
As Millennials continue to populate workplaces around the country, hiring and then developing this latest generational talent demographic has not been a straightforward process for hiring managers at many companies around the nation. What Millennials seem to value over pay, it seems, is experience — but according to a number of recent studies they’re unwilling, generally-speaking, to
Heidrick & Struggles has recruited Joseph M. Zubretsky as president and chief executive officer of The Hanover Insurance Group, Inc. He succeeds Frederick H. Eppinger, who announced his intention to retire. Mr. Zubretsky is an accomplished leader with more than 35 years of experience in the insurance and financial services industries. He joins The Hanover after almost nine
Executive search firm Calibre One has posted U.S. revenues of $11.5 million, an increase of 27.8 percent, for 2015. The firm now ranks as the 21st largest search firm in the Americas region, according to the latest statistics report released from Hunt Scanlon Media. Calibre One currently has 10 consultants working from offices in San Francisco, Menlo Park, Stamford,
Executive search firm Reffett Associates has placed Marc Jones as chief operating officer of HAC, Inc., parent of Homeland Grocery Stores. This is a new position within the organization. The search was conducted by Reffett Associates team members Angel Rodriguez, managing director of the firm’s Dallas office, and Marshall Reffett, managing director in its Seattle office.
Member-owned recruitment network NPAworldwide has added nine new member firms across Asia Pacific and the U.S. Membership in the network allows independent recruiters to serve their clients and candidates by partnering with other member firms on a split-fee basis. “Congratulations to each of our new members,” said Dave Nerz, president of NPAworldwide. “By joining the network, these recruitment firms
Eighty-four percent of HR leaders say they are hiring for full-time positions, according to the recent industry trends report released by recruiting services company LaSalle Network. The survey also found that 70 percent of respondents feel optimistic about the economy for the remainder of 2016. While most industries reported plans to hire, leaders within the healthcare,
Korn Ferry has been selected by USA Rugby to lead its search for a new chief executive officer. Over 150 applications for the position have been submitted to Korn Ferry and the firm is now screening candidates to determine those best suited to move on to the interview stage of the hiring process. A CEO