It’s crucial to hire executive team members who can execute a company’s mission, but the gravity of hiring the right executive that can adapt to shifting industry changes has become even more crucial in the last two years.
A post-pandemic world has impacted nearly every market, and CPG businesses are no different. With more people changing jobs than ever before, the right executive search strategy is paramount in landing the best talent. Here are six trends to watch now and in the months and years ahead.
Regular Organization Audits
A good executive recruiting search starts with looking inward to understand the needs of a business. Not each goal will be the same for every CPG business, but it’s a surefire bet that growth will be one of them. How that growth plan is implemented will play a critical factor in determining what is needed in a new executive hire. Conducting a detailed and effective organizational audit will likely become a long-term recruiting standard.
The first step is understanding the organization’s current state, including its strengths and weaknesses. This can be done through interviews with key stakeholders, surveys, and financial analysis. Once the current state is understood, it’s time to develop a growth plan. This plan should include short-term and long-term goals; this allows you to weigh executive candidates against organizational objectives. The final step is implementing the growth plan and tracking progress over time.
Diversity and Inclusion
Like so many shifts in the business world, more data points to the benefits of diversity in employees. More companies are implementing actionable steps to achieve greater diversity and inclusion. To stay competitive, it’s expected that CPG companies will continue to emphasize broadening the diversity pool when it comes to executive searches.
Remote Recruitment in the Beginning
Remote work likely won’t make the office extinct. However, it’s here to stay on some level. Recruiting, hiring, and onboarding expectations have shifted as a result. Candidates are now expecting a phone or video conference interview in the early stages of the hiring, with in-person meetings being delayed until further along in the recruitment process. As remote work and recruitment continue to evolve, this trend could shape executive recruitment in many ways.
Offering Equity in the Business
A lot has been written about the “Great Resignation,” and employees take stock of what’s on the table during the offer phase. With a senior-level hire, it can be a valuable move for a company to offer equity in the company. Not only can this help set the company apart from competitors in terms of how much it values accomplished candidates, but it can provide additional encouragement for the new hire to hit the ground running with the company’s goals.
It’s more apparent than ever before that we’re all globally connected. And with this, more companies are becoming open to the idea that their talent doesn’t need to be in the same state or even in the same country. With modern technology’s ability, industry experts are less tied down to working where they live, and companies pick up on this. As more travel restrictions loosen, more executive recruitment searches will adopt an international focus.
Emphasis on Modern C-Suite Hires
By understanding what these clients want, executive recruiters can focus on the specific needs of their client’s businesses and find the right candidate. If you want to find executive talent, partnering with an experienced executive recruiter is the best way to ensure a successful hire. Contact us today.