For Managing Talent in PE Portfolio Companies
Thu, Apr 30 @ 8:00 am - 5:00 pm
How to Manage the People Who Are Managing Your Portfolio Companies
Best Practices for Managing Talent in PE Portfolio Companies
Are you aware that over a third of the time CEOs leave their jobs at PE portfolio companies and often blindside their investors?
Typically PE firms assemble portfolios of 15 or more companies. That means that the odds are that CEOs don’t work out at five or more portfolio companies.
Turnover takes energy and resources to bridge the leadership gap, find a replacement, and get a new CEO up to speed. It also sucks up lots of time. And lost time is the enemy of returns.
But why such a high-sounding failure rate in the C-suite? According to studies by consultants at AlixPartners, talent assessment is one of those areas that we humans think we’re good at — but the fact is, we’re actually terrible at it.
That’s because hiring managers often make snap judgments about whether a candidate is THE ONE within the first 10 minutes of meeting. They put too much emphasis on characteristics such as charisma or appearance. They fall in love with a person’s track record while giving short shrift to a thorough evaluation. One executive recruiter puts it this way — “Companies hire resumes, and fire people.”
Fortunately, PE professionals can learn techniques to reduce the rate of C-suite failure in their portfolio companies. Among those recommended by executive recruiters —
- Evaluate not just the candidate but also the company they’ll be working at. Like people, companies have personalities, values, even peccadillos. Only by understanding both sides of the hiring equation will you be able to tell if there’s a good fit.
- Establish the relevant traits, skills, and attributes necessary for success in the job, and create a scorecard in which you rate candidates on each of these characteristics. Such scorecards can go a long way to eliminating unconscious biases and to comparing candidates objectively.
Of course, no one single approach to talent acquisition and management works for all portfolio companies. But you can’t go wrong following basic principles rooted in the latest academic research and the experience of recruiters in the field.
Thursday, April 30, 2020
8:00am – 5:00pm
Midtown Manhattan, NY
Register now to gain valuable insights as our panelists assess the outlook for talent management when you attend The Capital Roundtable’s new all-day conference on Best Practices for Managing Talent in PE Portfolio Companies, on April 30 in New York City.
Three Key Reasons Why You Should Join Us
- Find out why middle-market PE shops are adding portfolio company talent managers to their operations teams, and how they recruit and compensate them.
- Learn best practices for onboarding to give your C-suite executives the best shot at succeeding in the critical first few months of your holding period.
- Gain insights into new compensation strategies that PE shops are using to attract — and retain — C-suite talent to their portfolio companies.
- The advantages and disadvantages to hiring dedicated portfolio company talent managers versus outsourcing the function to executive recruiters
- What the latest studies by hiring experts at G. H. Smart & Co. and other experts have to say about the qualities to look for in effective CEOs
- How to identify early warning signs that a C-suite executive is struggling, and what you can do to help get the person back on track
- What the most common reasons are for C-suite executives to leave unexpectedly early in their tenures and how to address them
- How PE firms handle conflicts that arise between their on-staff talent managers and the HR executives at portfolio companies
- The right and wrong ways to use intelligence, personality, and other psychometrics tests to support C-suite hiring decisions at portfolio companies
- How to uncover and overcome biases and prejudices that prevent hiring managers from picking the best candidate for the job
This Capital Roundtable conference in midtown, New York City, is all-business, all-targeted, all-designed to be a completely focused day of practical information and revealing insights about talent management. You’ll gain valuable insights from —
- Three informative panel discussions
- Two revealing keynote presentations
- Real-world perspectives from company investors
- Industry outlooks from noted sector experts
- War stories and lessons learned from experienced hands
- Burt Alimansky, Chairman & CEO, The Capital Roundtable
Preliminary Speaker List
(Agenda subject to change)
7:30am – 8:30am
Networking & Registration & Breakfast
8:30am – 9:00am
Welcoming Remarks & Audience Self-Introductions
- Burt Alimansky, The Capital Roundtable
9:00am – 9:30am
Conference Chair’s Introduction —
9:30am – 10:30am
First Panel —
10:30am – 11:15am
Networking & Coffee
11:15am – 12:00pm
Morning Conversation —
12:00pm – 12:30pm
Morning Keynote —
12:30pm – 1:30pm
Networking & Luncheon
1:30pm – 2:30pm
Second Panel —
2:30pm – 2:45pm
Networking & Dessert
2:45pm – 3:30pm
Afternoon Conversation —
3:30pm – 4:30pm
Third Panel —
Networking & Adjournment
Space at this conference is limited, so register as soon as possible to assure yourself a seat. To avoid disappointment, please contact Chris Agar today to confirm your attendance at 212-832-7300 ext. 0 or firstname.lastname@example.org.
Please note that Capital Roundtable limits the number of registrants from a single firm to three.
Best Rate – Early Registration
Save $300 off the standard fee of $1,495 when you register by Friday, March 13. Just $1,195.
Save $200 of the standard fee! Register by Friday, April 3, and the fee for the conference is $1,295.
$1,495 increasing to $1,595 day of conference, space permitting.
$1095 each until Friday, April 3, when you register two or more people to attend from the same company. This rate increases to $1295 each after Friday, April 3.
You can pay by credit card (using the links above or below) or by check. Mail your check and business card to: New York Business Roundtable Inc., 747 Third Avenue, Suite 200, New York, NY 10017.
Can’t attend but want to hear the program? You can buy the audio package along with the handounts.
This event is sponsored by:
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