FINDING, ATTRACTING AND RETAINING EXPERIENCED TOP TALENT IN A TALENT SHORTAGE WORLD |
Finding, attracting and retaining experienced top talent in a talent shortage world is the No 1 challenge for Professionals Services firms in Audit, Tax, Corporate Finance, M&A and Due Diligence. What differentiates each of them is People. The quality of service offering and therefore the potential for top-line growth and bottom-line profitability, first and foremost is driven by attracting and developing great people. People with the right experience, competences, values, passion and culture fit.
CAREER PATH OF TODAY’S PARTNERS DIFFERS FROM NEXT GENERATIONS |
The Partners of these firms have a rare combination of commercial acumen, relationship building skills, subject matter expertise, experience and personal characteristics that drive long-term value creation. They have made the successful effort to climb through the ranks, have put in all the long hours and hard work. They have made significant sacrifices to be where they are today. It speaks for itself that most of them want to stay where they are and maintain their position as Partner.
As Partner they must simultaneously manage their business, their culture, their team with different generations, themselves and their stakeholders. It is not easy to manage those five focus areas simultaneously in a rapidly changing world. Different generations have different needs. In today’s world the younger generations are looking for other career objectives than the Generation X. They have different ideas about work and most of them do not want to become a Partner, they prefer to have a better work / life balance.
As Managing Partner and as Board Member you have to manage the Partner Group, the different individual interests, the different business lines and at the same time create the culture and set the strategic direction. It requires a Managing Partner and Board Members able to shift styles between facilitating, serving, guiding and coaching as being directive and driving if and when the situation is required.
Also, they have to manage the five focus areas – simultaneously manage your business, your culture, your team, yourself and your stakeholders. In general, a lot is at stake for them as Board Team, Partner, for their firm as for their customers, both in emotional and in business terms. Fact is that those who can best manage the five areas of focus will survive and thrive.
FINDING AND DEVELOPING TALENT AND CREATING THE CULTURE FOR SUCCESS |
RIVIONT works with these Professional Services firms to find and develop the talent they need, to create the culture for success across locations, lines of businesses and in Partner Teams.
- We help with hiring at Senior Manager / Director / Partner level
- We help with succession planning of the Partner group
- We help the Partner, Director and Senior Manager Team in leading their businesses, their teams, their culture, themselves and their stakeholders
- We help with further professionalizing their employee value proposition
- We help with building their talent pipeline and hiring great people in a talent shortage world.