Executive Eye-Opener 2Q23
Happy Spring
As the grass turns green and the northern hemisphere transitions into warmer weather, we’re starting to see an economic slip within the financial services and tech sectors but not within the nonprofit sector. The playing field within remains a candidate's market and is competitive enough that organizations must offer a total benefits package that sets the bar high.
The steady demand for CEO and executive leadership talent is driven in large part to Baby Boomers continuing to retire in record numbers. For this reason, board governance has never been more critical, with the spotlight landing squarely on effective succession and leadership transitions. When faced with replacing a long-tenured leader in particular, the task can be challenging. It’s a topic that we’ve covered in the past, but this month, we dig in even deeper. From timing and communication to key stakeholders and potential internal candidates, these do’s and don’ts will ensure that the process of replacing your long-tenured leader goes as smoothly as possible.
While Boards of Directors with whom we partner often lean on us for advice, candidates also benefit from coaching, regardless of their level of experience or professional aptitude. This is especially true when it comes to references. Here’s the truth: reference reports can make or break a candidate’s chances of achieving their highest career goals and aspirations. Whether you are a candidate seeking to identify and prepare your reference or you are a colleague tasked with providing one, this article delves into getting and giving references that count.
However you or your organization is growing this spring, we hope you take the time to evaluate where opportunities may exist. From succession planning and smooth leadership transitions to interview and reference best practices, there is opportunity for all of us to improve during this season of renewal. We hope you agree!
PS: We will have some exciting news to share with you in May. Stay tuned to learn how BroadView Talent Partners is continuing to learn, grow, and thrive!
Warmly,
Tracy McMillan, CEO & Managing Partner