PE Talent Partners—10lbs in a 5lb Bag
Updated: Aug 30, 2021
Of all of my favorite random expressions, 10lbs in a 5lb bag is up there. I had a mentor who used it all the time to describe the feeling of having so many things you’re trying to do and get done that the bag (your bag) was overflowing.
I think the role of the Talent Partner in PE firms is similar. There are so many needs. Recruiting. Assessment. Diligence. Crisis management. Compensation. Hiring. Advice to deal partners. Advice to CEOs. The list goes on. And while the role is clearly important and valuable, there is just too much to do with a lot of people pulling you in different ways.
So when I started this business, I thought about what it would take to help manage the list of ideas and opportunities. So…in conjunction with Entromy, we created a first-of-its-kind survey to understand the specific needs and challenges faced by Talent Partners at Private Equity firms. We’re delighted to share the results and provide guidance so that firms can continually improve the impact of talent on their firm and their portfolio.
The good news? While the extended universe of PE firms may not consistently prioritize talent, our respondents share an understanding that talent is important. The majority (85%) agree that Senior leadership reinforces the importance of talent.
The not so good news? Only (41%) agreed that they have a standardized process from diligence through exit that leverages the capabilities of the talent group. There is always more to do.
If you want to read more…you can download the full survey results below, discover 3 priorities from Leading and Visionary Talent Partners and look at our guidance to help improve how your firm unlocks value from talent.
More to come on this topic.