Author: Louise Haines, Managing Director at Henley Reward Consulting
With Private Equity seeking to outperform and remain buoyant in a volatile market the need to recruit and retain the best leadership talent has never been more critical. That said, there are a number of pressures which are creating the need for companies to make a shift in how they support the development of strong talent, with reward being central to this process.
From the rising significance of ESG, to a global talent shortage which is seeing pay packages expand beyond the equity, Henley Reward Consulting have investigated the pressures and solutions in how Private Equity portfolio companies can remain competitive.
Iain Ferguson, a Portfolio Chair of multiple private equity backed businesses, is seeing this first hand, stating that “the competition for talent, and the need for organisations to distil and offer compelling reasons to be preferred over others, is already fierce and becoming more so. Value is created where talent is able to thrive – so understanding reward, in the financial, personal and wider sense, can provide a critical advantage”.
By understanding the external reward environment and therefore the candidate expectations, PE backed companies can ensure that in a candidate led market they can compete more effectively first time.
Click Here to read the full article and to understand the trends and solutions to help remain competitive.