Slayton Search Partners: The Private Equity Sector Sees the Return of CEO Turnover
After months of holding defensive positions amid a pandemic, many CEOs are taking the 2021 hiring boom as an opportunity to look for greener pastures. This is no less true in the private equity sector, where CEO turnover has long been an issue.
Slayton Search Partners released a whitepaper explaining why CEO turnover remains high and why strategic hiring can lower CEO turnover.
How can private equity firms improve their chances of success by focusing more of their CEO assessment on cultural fit? Here are a few ideas Slayton Search Partners found to have worked with its clients:
DEVELOP A THOROUGH POSITION PROFILE
CLEARLY DEFINE AND FOLLOW AN ASSESSMENT PROCESS
DON’T HIRE THE RESUME
SEEK MULTIPLE OPINIONS AND FEEDBACK