Following a period of strong dealmaking activity, market conditions are shifting and middle-market private equity firms, as well as their portfolio companies, are preparing for a slowing economy. The question is, how will the looming recession and rocky market conditions impact hiring and compensation in 2023?
As professionals progress through their careers, they may lean more heavily on a search firm to supplement their existing relationships. At Townsend Search Group, we often receive calls from senior-level executives who need support understanding their market and reconnecting with their network.
Organizations hoping to hire executive-level talent in 2022 are facing one of the most difficult labor markets in a generation.
I’m currently reading a book by retired Navy SEAL and ultra-endurance athlete David Goggins. It’s all about taking the rougher road and making the tougher decisions in life as a way to master your mind, defy the odds, and realize your true potential.
While Goggins is a great read for my own personal journey, I couldn’t help but think about how that mindset applies to our firm and search process. In our industry, and especially at Townsend Search Group, providing the best possible placement requires the courage to have difficult conversations about uncomfortable or sensitive subjects on both the client and candidate levels.
