High quality private equity recruiting firms 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.
Spectrum Search Partners, LLC is a retained executive search firm that solves the Executive and Functional leadership needs of the Private Equity community and their portfolio companies on a national basis. We are best known for our ability to persuade hands-on A players to step forward and become candidates. Spectrum adds significant value by uniformly and objectively evaluating this talent against a customized Spectrum Scorecard to determine the strongest and most impactful hire. Our unique Scorecard approach has enabled us to fill 100% of our assignments, and build very loyal Client relationships. Discover even more info on executive recruitment partners.
Each of the candidates we present to our Clients have the ability to be impactful, strong builders of high performing teams, and true business partners to CEO’s and their Board of Directors. Over 80% of the CEO’s we’ve placed and have gone through our process have hired us to build out their teams in the areas of Accounting, E-Commerce, Engineering, Finance, Human Resources, Information Technology, Marketing, Operations, Product Development, and Sales.
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. Discover additional information at http://www.spectrumsearchpartners.com/.
