An effective search process consists of four steps – identification, attraction, evaluation, and successful acceptance of an offer. Whether your most recent hire came from an internal referral, an in-house recruitment team, or an executive search firm, knowing that a key role is filled can feel like a weight has been lifted from your shoulders. Your work here is done! Or is it just getting started? A study by The Wynhurst Group found that over 20% of staff turnover occurs in the first 45 days of employment, and that new employees who went through a structured on-boarding program were almost 60% more likely to be with the organization after three years. Transition breakdowns [...]
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As one responsible for a business’ profitability, I never seem to have the time to coach my people consistently. They have such a limited attention span that I get the feeling, especially with my veterans, that they aren’t really into learning anyway. How do I find the balance and provide them what they need in a format that is of interest and relevant?” This question ranks as number one among company owners, managers, and even trainers trying to find the balance between their own work load and providing their employees with essential skills and knowledge. We are all experiencing work environments that are intensely more competitive and constantly changing with business goals and [...]
Hiring the best of the best? In many situations and for many roles, a commitment to employing the best candidates possible can sometimes involve relocation. Whether this a commonplace occurrence or one that is only approved under the most unique circumstances, there are copious and essential components of a successful relocation that can be refined to create a seamless process for the candidate, the family, and the organization. For any hiring manager who has been involved with handling relocations, the nightmare stories are plentiful. The moving truck breaks down, high school children threaten emancipation, or the family cat is accidentally packed in a moving box (but survived) are all true stories of relocation [...]
As 2015 comes to a close, the bonus and hiring market for 2016 is beginning to become more clear. Unless you live under a rock you have heard the recent news from Morgan Stanley, Citi, and JPM. JP Morgan and Citi both announced that their bonus pools will remain flat. That is UNLESS they have poor trading returns in December like Citi did last year and have to adjust bonuses down as a result. Morgan Stanley is cutting back their FI business headcount by 25%. We have insider information that the FX business at MS has been hit especially hard with 70% of FX MD’s getting the axe and roughly 40% of the [...]