As we come to the end of what has been a challenging year, businesses will be looking at the year ahead and bedding down their strategic plans.
Now that 2021 is within sight there are reasons to be positive: with news of vaccines on the way, we are moving towards minimising the risk of Covid-19 and taking steps back to some kind of normal. However, for most business leaders, this optimism will also feature a heavy dose of reality and many will be making key strategic decisions for the year ahead.
Chief among those decisions will be getting an effective senior management team in place. Reliable, experienced senior managers will be more important now than ever. A senior manager with a track record of guiding a department or business through tough times will be an invaluable asset.
The time is right for talent mapping
Now is the time to assess your talent landscape. What gaps are you seeing in your senior management team? Take the time to identify these gaps and map out the key roles you need to fill. Perhaps certain departments have grown in importance during 2020 and require additional senior managers? Or maybe your business has expanded into new areas or product lines, which require specific expertise. Getting the right talent in place now will help you to meet 2021 fully equipped for what lies ahead.
Maximise recruitment by working with a search partner
By working with an executive search partner you can hit the ground running. An experienced search partner can quickly compile a fully screened short list. They will have an established network and the experience necessary to know where to look to fill your key roles.
This is a critical factor in successful hiring as improper screening or recruiting the wrong person for the role can have a detrimental effect on any business. Aside from the cost implications, which can be significant, hiring the wrong person, can also lead to losses in productivity and profitability. Working with an experienced search partner can help you to safeguard against this worse case scenario.
Despite the challenging business environment, many sectors are expanding and will be recruiting to fill senior and critical roles in the coming months. Even in these difficult times businesses will continue to grow and evolve, which makes it all the more important to ensure you have the best team in place to manage that growth.