Technical Recruiter (IT): Find the Right Candidate Fast

What Does a Technical Recruiter Do?

A technical recruiter is in charge of finding, interviewing and selecting qualified candidates for technical roles like software engineering, data analysis and technical writing. They seek candidates who have the necessary skills to fill specialized positions in information technology, data science and engineering.

Technical recruiters work for either a company’s human resources department or a technical recruiting agency to fill open positions within a technology-focused company. Oftentimes, an expert technical recruiter who has experience across your industry can be the best way to find an exact-fit candidate, and fast.

“Any specialized recruiter is going to have a better network. They’ll also have a much better idea of ‘what good looks like’ and can help a hiring team calibrate the applicant pool more reliably,” says Houston Slatton, BluWave’s head of technology.

The digital revolution has emphasized the necessity for specialized roles within organizations, bringing to the fore the importance of technical recruiters. They possess an intricate knowledge of the necessary skills and experiences required for these roles and are adept at identifying candidates that align seamlessly with the organization’s unique needs.

Interim CHRO

Benefits of Technical Recruiters

These recruiters bring a nuanced understanding of the rapidly evolving tech industry and the dynamic skills it demands. This expertise allows them to source candidates who are a perfect fit for both the role and your organization’s culture.

Another substantial benefit of partnering with a technical recruiter is their extensive network within the tech industry. This serves as a rich reservoir for discovering both active and passive talent, often making the difference in finding the ideal candidate.

READ MORE: Hire an Interim CHRO

Moreover, IT-focused recruiters can provide significant time and cost savings. The recruitment process, particularly for specialized roles, can be both time-consuming and expensive. By leveraging their experience, technical recruiters can speed up the hiring process, ensuring you secure the best candidate on the market.

“We used a recruiter to hire a data engineer, and that recruiter knows the products in our tech stack, so he can better vet the candidates before we talk to them,” Slatton says. “In addition, he knows what the job entails so he can better ascertain up front whether what’s in a resume will actually be a good fit for us because he’s spent so much time in the data space.”

READ MORE: Interim CHRO Interviews

Technical Recruiter vs. Regular Recruiter: Differences

While both technical recruiters and regular recruiters play essential roles in the hiring process, their areas of focus differ significantly. A technical recruiter specializes in filling technical roles such as software development, product management and data science. They hold a comprehensive understanding of the tech industry, with responsibilities including interviewing and assessing candidates for specific technical proficiencies.

On the other hand, regular recruiters manage the hiring process for a variety of job roles not confined to the tech industry. They may work independently or as part of a company’s talent acquisition department, managing the complete recruitment process for various open roles across different industries.

READ MORE: What is Technical Debt in Due Diligence?

Securing the Right Technical Recruiter

Connecting with the ideal technical recruiter often involves multiple approaches. While you may consider seeking recommendations from trusted industry associates, performing online searches for technical recruiting firms, or even attending industry events to meet technical recruiters, these methods can be time-consuming, costly and don’t always yield the desired results.

READ MORE: Tech Stacks of Companies: How To Choose

The most efficient and effective route is to collaborate with an outside resource that can connect you with a tailor-made third party. BluWave’s invite-only network exists for just that purpose.

We offer a bridge to industry-specific, expertly vetted tech recruiters who can guide your recruitment process. By working with our research and operations team, you can focus on running your business.

Private Equity Recruiting: Portco Resources

Private equity portfolio companies have a unique set of challenges when it comes to attracting and retaining top talent. The stakes are high, as the success of a portfolio company can make or break a private equity firm’s investment.

That’s why it’s crucial to have the right resources and strategies in place to recruit effectively.

With so many portcos to manage, private equity firms can struggle to attract and retain the right talent.

Competition is fierce, especially if resources are limited and the portco isn’t a known entity. Additionally, not everyone is cut out for the fast-paced and high-pressure environment of private equity.

Let’s talk about what PE firms can do to hire standout performers for their portcos.

READ MORE: The Benefits of an Interim CHRO in Private Equity

A man sitting at a desk in front of an open gray laptop. He's smiling as he holds a phone to his ear. He's wearing a blue button-up with the top button open.

Effective Recruiting for Portfolio Companies

So, how can private equity firms overcome these challenges and recruit the talent they need to succeed? The key is to have a well-thought-out and proactive approach. Developing a strong brand and reputation can go a long way. So can having a robust pipeline of candidates and using innovative recruiting strategies and technology.

Having the right strategy in place isn’t always enough, though. It’s also crucial to execute effectively.

Step-by-Step Approach to Portfolio Company Talent Acquisition

Here are some steps private equity firms can take to attract and hire top talent:

Define the Roles and Skills You Need

Start by identifying the key positions and skills you need to fill at each portfolio company. This will help you narrow your list to only the most qualified candidates instead of wasting time with people who don’t have the right skillset.

To put it another way, you wouldn’t hire a chief technology officer with zero coding experience.

Develop a Strong Employer Brand

To attract top talent, you need to have a strong reputation and brand as an employer. This includes promoting your company culture, values, and opportunities for growth and development.

A great way to do this is by using social media to show off your company from the inside. You can also work with a PR firm – or someone internally – to connect with journalists at prominent publications that cover your portco’s industry.

A quality article by a reputable publication creates a lot of credibility.

CASE STUDY: Recruiting a Turnaround CEO for Sporting Goods Manufacturer

Build a Robust Pipeline of Candidates

Having a deep bench of qualified candidates is crucial for filling positions quickly and efficiently. Use a variety of sources to find them, including employee referrals, job boards, social media and recruiting events.

You can also work with specialized recruiters who are skilled in finding best-fit candidates for specific situations.

At BluWave, we don’t actually “find” candidates when you contact us. That’s because we already have dozens of them on standby for whenever a need arises.

If you’re looking for a specialized recruiter to build the perfect team, we have the service provider for that, regardless of your industry. And if you want to get straight to hiring your dream individual, we have proven PE-grade candidates ready to interview.

Even if you’re not a PE-backed business, our resources are primed to work for private and public companies, too.

READ MORE: Org Chart Planning: Aligning with Growth Strategy

Utilize Innovative Recruiting Strategies

Don’t underestimate the power of technology. This can make for a more efficient process by helping with things like applicant tracking, conducting virtual interviews or leveraging data and analytics.

There are business intelligence and analytics resources who specialize in this. Let us know if you want to speak with one of them.

Continuously Evaluate and Improve

Finally, it’s crucial to continuously evaluate your talent acquisition processes. This includes regularly assessing the effectiveness of your recruiting efforts, making changes based on your results and staying up-to-date with the latest best practices and trends.

No matter how good your process is now, we believe in constant refinement. Especially in today’s fast-changing, uncertain business world.

Innovative Solutions for Finding and Attracting Top Talent

Once you have your system in place, you can focus on something we mentioned above: developing a strong brand.

All other things being equal, is a candidate more likely to work for a company of which they have never heard, or a well-known industry titan that will stand out on their resume? Probably the latter.

But even if your portco isn’t that big-name company yet, it doesn’t mean you can’t work toward it.

Here are some innovative solutions private equity firms can use to find and attract top talent:

Virtual Recruiting

With the rise of remote work, remote recruiting has become increasingly important. Virtual tools, such as video interviews and online career fairs, can help private equity firms reach a wider pool of candidates and make more informed decisions.

Even if you’re not willing to let someone work remotely, at least making the interview process as convenient as possible – especially if they already have another job – can go a long way.

CASE STUDY: Elevating IT Leadership for Tech-Enabled Compliance Services

Employee Referrals

Referrals are a powerful way to attract top talent. Encourage your existing employees to refer their friends and colleagues and reward them with one-time payouts, extra vacation days or gifts.

You never know when someone in finance could have a connection to the perfect fit for a new IT role, for example.

Employee Development Programs

Investing in employee development and training can help retain top talent and attract new hires. Offer opportunities for career advancement, continuous learning and professional growth to keep your employees engaged and motivated.

A prospective candidate may be willing to choose your company over a competitor if you pay for their school or send them to conferences on company money.

Maximizing Your Private Equity Talent Acquisition Efforts

Private equity firms that take a strategic and proactive approach to talent acquisition are well positioned to succeed. But it’s important to remember that the best strategies and solutions are only effective if they are executed effectively.

Here are a few tips for maximizing the impact of your talent acquisition efforts:

Partner with the Right Providers

The right recruiting and HR providers can help private equity firms execute their talent acquisition strategies effectively. Look for providers with a proven track record and expertise in private equity recruiting.

The BluWave network is full of expertly vetted interim CHRO candidates who know exactly what to do in these situations.

Foster a Culture of Collaboration

Open communication across departments – and between the PE firm and portco – can be a big help. Encourage regular information sharing to ensure a consistent and effective approach.

Continuously Evaluate and Improve

Whether using data software, as suggested above, or conducting face-to-face exit interviews, the better you understand what makes top talent leave – and stay – the better prepared you’ll be to find that next dream candidate.

At BluWave, we have helped hundreds of PE firms find exact-fit candidates for their portcos.

Whether looking for an interim CFO, or in need of a specialized recruiter to help you find a new CRO for a niche industry, we have talent and service providers on standby.

When you go through scoping call with our research and operations team, they’ll provide two or three best-fit solutions in less than one business day.

From there, we’ll be by your side from the first introduction all the way until your project is complete to hold resources accountable.

Human Capital Forum Recap | December 2022

Every quarter we gather human capital professionals from private equity firms to discuss current industry topics and to offer peers the chance to gather, share information, and decompress with one another. In our most recent event, we gathered to discuss top trends in 2022 and top areas of focus for 2023.

These forums are for human capital professionals at private equity firms only and follow Chatham House Rules, so listed below are high-level takeaways only. If you are a human capital professional in private equity and interested in joining fellow human capital professionals at our next PE Human Capital Forum,  RSVP here.

Top Trends in 2022

  • Human capital professionals in PE are playing a wide variety of roles within PE firms and for portfolio companies:
    • The dynamic economy and labor market resulted in constantly shifting priorities throughout the year which has led to human capital professionals having to lead varying initiatives from retention & recruiting to organizational design.
  • Recruiting and retention:
    • Certain sectors are experiencing higher turnover than others and HR leaders have been charged with identifying root causes for turnover and then offering solutions.
    • PE human capital professionals have been spending time helping portcos clearly portray their brands to help in recruiting efforts.
  • Leadership and talent upgrading:
    • In portcos where turnover stabilized, PE human capital leaders have been able to spend more time on leadership and talent assessment.
    • Proactive PE firms are using market conditions as an opportunity to upgrade talent for the long term, including bringing in wartime generals in place of peacetime ministers. Interim executives and specialized recruiters have been common tools to execute these initiatives.

2023 Top Areas of Focus

  • Quantifying and communicating human capital initiatives:
    • Human capital leaders are using data, key performance metrics, and tools like scorecards to illustrate the value they are adding and/or progress being made within the portfolio.
  • Pay transparency:
    • Upcoming pay transparency rules are expected to have a meaningful impact on how companies recruit employees across the country. PE human capital professionals are getting up to speed on these new rules and making sure their portfolio companies are ready to comply.
  • Leadership to navigate tough economic conditions:
    • PE firm human capital professionals are supporting the evaluation of organizations to make sure they have the right players in the right seats, particularly with senior executives and one level down. They are encouraging portco leaders to be prepared to upgrade talent where needed and/or equip teams with leadership coaching to enhance skills if possible.

We thoroughly enjoyed these thought-provoking conversations that occurred during this recent gathering of PE human capital professionals. If we can be of assistance, please let us know.

Additionally, you may be interested in checking out some of our human capital-specific resources, which can be found here:

Operating Partners’ Forum Recap | December 2022

Every quarter we gather operating executives in PE to discuss current industry topics and to offer peers the chance to gather, share information, and decompress with one another. In our most recent event, we gathered to discuss top lessons learned in 2022 and 2023 initiatives.

These forums are for operating executives at private equity firms only and follow Chatham House Rules, so listed below are high-level takeaways only. If you are an operating executive in private equity and interested in joining fellow operating executives during our next Operating Partners’ Forum, RSVP here.

Top Lessons Learned in 2022

  • Even the most resilient supply chains struggled in 2022.  We continue to be in a global supply chain crisis.  
  • Pricing strategy and related pricing strategy advisor usage was a major focus in 2022 to try and stay ahead of the inflation curve. 
  • Labor is still a big challenge and will continue to be. Turning to PE-grade recruiters as well as interim execs is a common solution.
  • PE firms and Portcos are doubling down on IT, data & analytics strategies, and implementation processes to be more agile, informed, and automated.  

2023 Initiatives

  • Debt has become less available and more expensive with rising interest rates, which will make it tougher to complete platform deals in 2023. 
  • Digitization efforts will accelerate in 2023. 
  • Having the right org structure in place is top-of-mind for 2023 as labor markets will continue to be tight.   
  • PE-grade, third-party resource usage will accelerate, offering force multiplication for PE Ops teams, bringing them specialized expertise, and enabling portcos to operate more variably.   
  • The PE industry is largely prepared for 2023 and a recessionary environment due to the proactive actions taken in 2022.

We thoroughly enjoyed getting to gather with PE Operating Executives to discuss these current topics. We’d be happy to connect you to the PE-grade, exact-fit, third-party resources you need, just contact us here.

Learn more about how we can specifically help ops execs here.

In the Know: The Importance of Interim CFOs

As part of an ongoing series, we’re sharing real-time trending topics we are hearing from the hundreds of PE firms we work with. In our most recent installment, Erez Schnaittacher, BluWave vice president of client coverage, shares the importance of interim CFOs and why they are a vital resource all PE firms should be taking advantage of. Learn more by watching the video below.

Interested in connecting with interim CFOs? Contact us here to quickly get connected to the exact-fit interim CFO you need.

Video transcript:

The CFO role is one of the most critical seats in a business. The position plays a key role in ensuring that a business is strong and if PE-backed, that the investment is successful. Because this seat is vital to a company’s success, it is important that it is not left open, and is also filled by someone who possesses the right skillset to execute on the demands that come with being a CFO.

To ensure that both of these are always the case, PE firms often turn towards interim CFOs. At BluWave, we equip our private equity firm clients with interim CFOs for various due diligence, value creation, and prep-for-sale needs. Here are some of the most common use cases for bringing in interim CFOs:

Number one, unanticipated departures. When CFOs unexpectedly resign, it can leave a company’s finance function in chaos. We help PE firms combat this by providing them with exact-fit interim CFOs who can quickly step in, fill the shoes of the role, and keep the ship steady while the search for a permanent placement kicks off.

Number two, longer than normal hiring processes. Even when a CFO seat is expected to be vacant within a certain timeframe, sourcing a candidate to step in at the exact time you need them to can be challenging. With hiring processes taking longer than normal, interim CFOs can help bridge the gap, giving you extra time to ensure you hire the best-fit person for the job.

Number three, professionalizing new portcos’ finance functions. We are supporting many PE firms as soon as a deal closes, by supplying them with interim CFOs. These firms are bringing in these individuals to help new portcos’ finance functions understand what it means to be PE-grade, and help them get the right monthly performance packages in place to ensure that the PE firm is getting the info it needs.

And finally, number four, prep for sale processes. Our clients bring in interim CFOs to respond to diligence requests, assess data, and pull reports prior to a sale. By bringing in an extra set of hands to take care of the extra workload that comes with a sale process, FTEs are freed up to maintain focus on keeping the daily routines going, without causing a delay on the sale process. The modern-day M&A process is fast and furious, valuations decline the second you have to hit the pause button, making it crucial to keep the momentum.

Interim CFOs are one of the most versatile and useful resources available to private equity firms. Hundreds of leading firms come to us with their interim CFOs because of our ability to know before they need, hone in on individuals that meet their specific, unique criteria, and quickly connect them to the select few that are exact-fit.

If we can support your interim CFO needs, please contact us at insights@bluwave.net.

PEI Operating Partners Forum – New York 2022 Event Recap

On October 19th and 20th, 2022, our team had the opportunity to attend and sponsor the PEI Operating Partners Forum – New York 2022. It was PEI’s largest event to date with over 500 PE ops professionals in attendance, a testament to the growing ops function in private equity.

At the conference, our founder & CEO, Sean Mooney, hosted a panel titled, “Unlocking the Due Diligence Imperative to Rapidly Achieve the Value Creation Plan”. The panelists – Cici Zheng of ParkerGale Capital, Marc Jourlait of The Riverside Company, and Kalyan Mukherjee of Apollo Global Management – all shared insightful thoughts on this topic and we have captured some our key takeaways below:

Leveraging Diligence Streams to Inform Value Creation

  • Overall, value creation plans are being created and put into place earlier in the process than has been done historically.
    • Benefits include building trust with the management teams and having the time and information upfront to formulate a more fully baked value creation plan.
  • Ops teams find it critical to work with specialized groups for commercial due diligence that already know and understand the market.
  • Areas assessed upfront in diligence to help ops teams better understand risk include human capital, technology, operations, and ESG.

Working with Deal Teams & Managing the Diligence Chaos

  • Ops teams have discovered that working with deal teams from day 1 helps avoid any post-close surprises.
  • Early work with the deal team helps the ops teams better understand what the deal team is underwriting for, allowing the ops team to better prioritize and position value creation plans.
  • Many firms are leveraging technology to manage the many diligence processes that are happening at any given time.

We greatly enjoyed learning from these thought leaders and connecting with both familiar as well as new faces at the PEI Operating Partners Forum – New York 2022. You can learn about specific ways we equip PE operating professionals with the exact-fit, specialized third parties they need here. If you have an immediate need we can support, contact us here and we will immediately get started.

ACG M&A East 2022 Event Recap

Our team had the chance to attend and sponsor ACG M&A East 2022 in Philadelphia on October 17th and 18th. At the conference, our founder & CEO, Sean Mooney, had the opportunity to be one of seven speakers to speak on the topic of “Trends and Best Practices in Value Creation”.

In Sean’s presentation, he shared the most recent data in our Value Creation Index and the functional trends we have been seeing within that- specifically within HR, technology, and sales & marketing. The main points he shared from our data were:

  • PE firms and their portcos are focusing on data & analytics to help them become more agile and change with the times.
  • Organizations that traditionally had outside sales are now transitioning to inside sales due to the digital boom.
  • Marketing functions are becoming more crucial than ever.
  • PE firms are bringing in wartime generals in place of peacetime ministers for the new now.

In addition to Sean’s talk, we were able to listen to insights from Dave Helgerson of Hamilton Lane, Dan Kessler of Energage, Justin Kulla of TZP Group, Keith Scandone of O3, Christopher Simmons of LLR Partners, and Laura Queen of 29Bison. The main topics of their discussions were ESG, DEI, talent & culture, and digitization & customer experience. We have shared our key takeaways below:

ESG

  • The ESG mandate from LPs is growing.
  • The 3 key factors to ESG are framework, investment process, and organizational guide.
  • Implementing ESG can be a competitive advantage that allows you to unlock opportunities that no one else sees.

DEI

  • DEI is an ongoing journey, not a destination.
  • DEI is all about problem-solving.

Talent & culture

  • Capturing the voices of employees is soon to be the biggest trend in diligence – unhappy employees without a voice can become the biggest issue post-close.
  • Implementing frameworks to assess and drive culture initiatives is critical.

Digitization & customer experience

  • Customer experience is a journey, not a funnel.
  • Putting your customers at the center of your business model is a constant that will never change.

We greatly enjoyed learning from these thought leaders and connecting with both familiar as well as new faces at ACG M&A East 2022. If you are in need of third-party resources for your ESG, DEI, talent, or digitization needs, give us a shout and we will be happy to quickly hop-to.

Hunt Scanlon PE Conference Event Recap

Our team had the chance to attend and sponsor the Hunt Scanlon September 2022 PE Conference in San Francisco – Driving Growth & Value Through Effective Leadership. Along with listening to thought leaders share their insights on a variety of panels, our Founder & CEO, Sean Mooney, also had the chance to sit on a panel hosted by Jennifer Perry of FMG Leading. The panel covered the topic of identifying and developing non-c-suite roles that have an outsized impact on value creation and included fellow thought leaders Raj Karanam of Sun Capital Partners, Kate Berkeley of Gryphon Investors, Darcy Casarella of New Enterprise Associates, Kevin Kernan of JM Search, and Valerie Frederickson of Frederickson Partners.

It was great to gather with so many thought leaders in the private equity human capital space at the Hunt Scanlon event. Here are some of the key takeaways we gleaned from Sean’s panel & the others:

  • Human capital continues to be a growing priority in private equity. A common theme from fellow attendees was recognition that talent-focused conversations weren’t prominent in PE as recent as 2 years ago, and many human capital leaders are either new to private equity, or to the human capital function. This was a topic we also discussed at our August 2022 PE Human Capital Forum (RSVP for our upcoming human capital event here).
  • A strong human capital function has 3 key components: people, processes, & technology.
    • People: Firms are taking a more proactive approach in getting the right people in place internally to assess and facilitate talent decisions.
    • Processes: Human capital leaders are ensuring they have effective processes in place for building/managing networks, talent pipelines, and interview processes.
    • Technology: In order to support their people and their processes, firms are leveraging technology to help them.
  • Talent to value is more important than ever. While getting the C-suite right remains the top & most critical priority, understanding what talent below the C-suite generates outsized value to their role, and then getting that talent right, is of growing importance in turbulent economic times. Identifying & assessing these roles is helpful immediately post-investment and if right sizing needs to occur.
  • Talent is becoming increasingly integrated with value creation plans. Leading firms are incorporating talent strategy into value creation plans from the get-go to ensure there is alignment.

Human capital continues to be the largest functional area in the BluWave Activity Index. We support clients with their human capital needs through everything from connecting them with pre-close recruiters, interim CFOs, & more. Let us connect you to the exact-fit human capital resources you need – start your project.

How to find the right-fit interim CFO for your growing business

I get asked a lot of questions about how to build a business, and how to do it with as few headaches as possible. Not that I’ve totally figured it out, but I’ve certainly made my fair share of missteps and gratefully have learned something along the way. From investing, to hiring, to reducing headcount, to managing the ups and downs of an economic recovery period—one thing remains unchanged: leadership matters. And if you’re talking about key leadership positions, the one that companies most often get wrong is the CFO. 

Why? Well, the answers are as varied as the reasons they fail, but it generally has to do with asking the right questions from the beginning. In other words, the interview process is often to blame.  

I wrote an article for CFO Magazine about “hiring the right interim CFO” and how to ensure you set your company up for success when it comes to hiring one of the most important positions. Whether you are looking for an interim CFO (who can move into a full-time position) or looking for a full-time financial executive, here are some things you should know before you greenlight your new hire:

8 Things To Know Before Hiring An Interim CFO

 

  1. If you are a PE-owned company and need to bring in a short-term finance chief, find someone who has worked for a PE-backed company before. 
  2. The interim executive needs to have a track record of wins. That generally means a significant tenure at multiple companies. 
  3. Find someone with industry experience, because it’s much easier to stand at the finance helm of a manufacturing, healthcare, IT, or services company if you’ve done it before. 
  4. Similarly, the interim CFO should have experience working for a company of similar size and scale. 
  5. It’s not enough to understand the numbers (sales, revenue, overhead) — you need someone who understands what the numbers mean. 
  6. For the best results, find a pro who has a high IQ and a high EQ (emotional intelligence), because the interim CFO needs to quickly gain favor from others in the organization to gather information and build a story around the numbers.
  7. Be sure to have conversations with key stakeholders in a candidate’s prior roles. Choose the references; do not use the references the candidate gives. 
  8. While enthusiasm is a wonderful aspect of a new leader, a short-term executive should have a stabilizing effect, not a disruptive one.

For more details and to read the full article in CFO Magazine, click here. 

Interested in connecting with a CFO or interim CFO in our network? Contact our head of sales, Scott Bellinger, here.

In the Know: Organizational Design & Effectiveness

As part of an ongoing series, we’re sharing real-time trending topics we are hearing from our 500+ PE firm clients. In our most recent installment, Private Equity Consultant, Ryan Perkins, shares why the inflation-driven recession has caused firms to prioritize bringing in organizational design & effectiveness resources, and what types of those resources are being utilized the most.

Learn more by watching the video below.

Interested in connecting with interim CHROs, HR-focused consulting firms, or org design consultants? Contact us now to get quickly connected to the exact-fit, PE-grade resources you need.

 

Video transcript:

The inflation-driven economic downturn has created a complex environment, causing private equity firms to take unique action, balancing right-sizing before the storm with retaining and recruiting key personnel. With human capital being a strong input for ensuring success through this downturn, PE firms are bringing in specialized third-party resources to resolve organizational design and effectiveness needs. Here are a few specific resources that we’ve seen our clients engaging on.

Number one, Interim CHROs. Bringing in experienced interim CHROs with deep industry knowledge is a great way to ensure the human capital needs of your portcos are in steady, expert hands. An effective interim CHRO can steer the HR ship during a recession, ensuring your portco will have the right people in place to get through the downturn and position your portco for growth moving forward.

Number two, HR-focused consulting firms. Specialty firms are a great tool that private equity firms utilize to gain expertise on corporate structure and talent output, without adding personnel directly into a portco. Consulting firms that have experience working with private equity-backed companies can be extremely advantageous when making decisions around comp and benefits, staffing needs, restructuring projects, and expansion requirements during an economic slump.

And number three, organizational effectiveness consultants. Process optimization is essential to keeping up with the pace needed to thrive in times of uncertainty. Organizational effectiveness consultants ensure that processes within your portcos will help them run towards the storm by evaluating them as they currently exist, and suggest any required changes according to their industry expertise.

For private equity firms, uncertain economic times should be treated as times of opportunity. Ensuring the organizational design and effectiveness of your portfolio companies can be the difference between generating momentum versus treading water in a recession. At BluWave, we have the private equity-grade resources to position your portcos for growth, no matter the economic landscape. For information on how to get connected with best-in-class, organizational design and effectiveness groups, or any other third parties you may need, contact us today at info@BluWave.net.

 

 

 

Human Capital Forum Recap | August 2022

Every quarter we bring together top PE human capital and talent executives to discuss current industry topics and to offer talent leaders in private equity the chance to discuss critical topics of the day. The PE human capital role is rapidly evolving as the private equity industry increasingly invests time and cash flows into human resources.

The BluWave Human Capital Forums follow Chatham House Rule, so our takeaways herein are kept at a high level. Are you in private equity and interested learning the details by joining fellow leading PE professionals during our next Human Capital Forum?  RSVP for our next event on November 2nd.

In our most recent Forum, we discussed many topics including:

  • The private equity industry is seeing the ongoing downturn as a unique talent hiring opportunity.
  • Human capital leaders are working closely with their portfolio company leaders to accumulate best practices and share them across their portfolio for the good of all.
  • The private equity industry is actively polling its portfolio companies to understand the voice of their employees and improve engagement and retention.
  • Human capital leaders are spending significant time bringing additional skills and talent to new portfolio companies and supporting the development of their teams.
  • The PE industry is using data and objective assessment tools to improve portfolio company performance.
  • In the days ahead, human capital leaders are looking to spend more time enhancing culture, supporting leadership development, and sharing best practices during rapidly changing times.

We thoroughly enjoyed these thought-provoking conversations that occurred during this recent gathering of PE human capital professionals. If we can be of assistance, please let us know.

Additionally, you may be interested in checking out some of our human capital specific resources, which can be found here:

In the Know: Positioning for Growth in a Recession

We’re sharing real-time trending topics we are hearing from our 500+ PE firm clients as we combat ongoing recessionary and inflationary pressures. One of our Private Equity Strategic Account Executives, Cydney Dicken, talks about why and how leading PE firms are taking action to increase their portfolio’s equity value during these uncertain times.

Learn more about what PE firms are doing as they prepare to run towards the storm by watching the video below.

Interested in addressing competitive opportunities, optimizing profitability, or recruiting and retaining the right talent? Contact us here. You can also learn more about the specific ways we drive value for PE firms by connecting them to the exact-fit resources they need by reading our case studies.