Tag: onboarding

CEO Compensation in the US MedTech Industry
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The 2022 Bedford Report on CEO Compensation in the US MedTech industry focuses on micro, small and mid-cap companies, and is representative of Bedford's ongoing commitment to aiding organisations in the medical technology, health technology and medical devices sectors to attract and retain exceptional Board and Leadership talent.

Darren Raycroft, Howard Pezim, Frank Galati and Samantha Van Tighem contribute their thought leadership, industry expertise and specialist research skills to bring you this first annual industry-wide survey of compensation awards and practices in the sector.

The NEW 2022 Bedford Group TRANSEARCH Report on CEO Compensation in the Medtech Industry is now available for download today.

Read "CEO Compensation in the US MedTech Industry" leadership insights

Remote Work: Wave of the Present
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For the last 21 months many companies and their staff have been through multiple periods of uncertainty, change, and general anxiety regarding the state of their companies and/or jobs. Covid forced a good portion of the American workforce home, many of them for the first time in their careers.

Senior leaders, managers, and supervisors were asking themselves: How will my staff and I focus and communicate effectively remotely? How much managerial oversight is too much? Too little? Can the company survive this? Can I survive this? A large swath of companies not only survived but saw their companies thrive!

Read "Remote Work: Wave of the Present" leadership insights

The Bedford Group TRANSEARCH 2021 HR Leaders Survey Report
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Bedford Group/TRANSEARCH's expertise in executive search and talent strategy solutions has provided first-hand experience with the trials, tribulations, challenges and opportunities that HR leaders faced over the past year.

This snapshot report provides valuable insight to help you approach and position your organisation for success in 2022 and beyond.

Read "The Bedford Group TRANSEARCH 2021 HR Leaders Survey Report" leadership insights

The "New Normal" Requires A Strong Focus On Corporate Culture And Communication
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A recent TRANSEARCH survey among C-Level leaders highlighted that adapting to the "new normal" requires a strong focus on corporate culture and communication.

Results:

  • Onboarding and team building is one of the crucial items.
  • Corporate culture is key to installing an open-minded, motivated, healthy, culture despite restrictions.
  • Corporate culture is the key to differentiation in the market.
  • Benefit by cross-functional communication across hierarchies.

Conclusions:

  • Values of people are changing.
  • Focusing on the corporate culture is essential.
  • Companies need to establish their own corporate culture, communicate it, and get their employees excited about it.
  • Appreciation and open communication are key for establishing a new culture based on trust and responsibility.
  • In a remote structure effectiveness overrules efficiency.

Recommendations for action:

  • Select the best people and empower them.
  • Support the "entrepreneur in the enterprise" mindset.
  • Focus on trust and transparency to keep your staff energised and their team spirit high.
  • Support cross-functional communication across hierarchies.

TRANSEARCH provides a platform to its network of C-Level leaders for discussions on how to come out of the crisis stronger. For further information about the survey or discussion platform please get in touch with Dr. Carlo Mackrodt or Dr. Stefan Schwaenzl.

As passionate experts in the executive search and leadership consulting industry we build leadership teams for our clients every day. Learn more about TRANSEARCH International and our wide-ranging approach to leadership acquisition and management assessment.

Ten C-Level Learnings During The Current Crisis
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TRANSEARCH International organised a number of C-Level roundtable sessions and conducted personal interviews to facilitate peer-to-peer dialogue regarding their experiences and priorities in an environment of the "new normal". Here are "Ten C-Level Learnings During The Current Crisis":

General Business Impact Of The Coronavirus

  1. Culture will be the future game changer.
  2. Innovations leading to higher customer benefit are key.

Impact On Operations

  1. Leaders have to spend more time communicating with employees.
  2. The focus needs to be on team building and professional onboarding.

Impact On Processes

  1. Transparent KPIs will be more important than ever.
  2. New ways for cross-fertilisation and innovation need to be found.

Impact On Organisational Structures

  1. Organisational structures will change from hierarchies to networks.
  2. Roles will be defined by content and contribution instead of formal hierarchy levels.

Impact On Human Resources

  1. Values and expectations regarding leadership are changing.
  2. Strategic HR management will be a key enabler and needs to be positioned at C-Level.

TRANSEARCH provides a platform to its network of C-Level leaders for discussions on how to come out of the crisis stronger. For further information please get in touch with Dr. Carlo Mackrodt or Dr. Stefan Schwaenzl.

As passionate experts in the executive search and leadership consulting industry we build leadership teams for our clients every day. Learn more about TRANSEARCH International and our wide-ranging approach to leadership acquisition and management assessment.

Onboarding During A Pandemic - Are We Doing Enough?
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Proactive organisations have adapted their induction and onboarding programs to online platforms using structured programs to introduce new hires to key stakeholders and introduce them to key review and decision making platforms.

But we all recognise that integrating with a new organisation is not just about identifying with the mission of the business or delivering performance. It is as much about forming bonds with your colleagues, listening to stories to build a sense of history with the organisation, water cooler / coffee machine discussions about dos and don'ts, understanding the political structure of the company etc.

Rahul Mathur questions whether we are doing enough to support onboarding during the pandemic.

Read "Onboarding During A Pandemic - Are We Doing Enough?" leadership insights

Our teams use our proprietary Orxestra® methodology to assess "the DNA" of an organisation and calibrate fit
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A familiar scene… A company's hiring committee sits around the boardroom table, discussing the recruitment of a new CFO. Somebody declares "this new CFO has to be strategic." Somebody else adds "they must be results-oriented." Everybody nods in agreement.

However, nobody actually knows what strategic and results-oriented mean in real terms for this CFO, let alone how to screen and compare candidates appropriately. In all likelihood, each term has been interpreted differently by members of the hiring committee.

Our teams use our proprietary Orxestra® methodology to assess "the DNA" of an organisation and calibrate fit. Orxestra® enables our teams to evaluate talent in a meaningful way that is directly linked to the personality of your organisation.

The results have been dramatic - better short-lists, highly engaged candidates, stronger chemistry during interviews, and seamless onboarding. Orxestra® not only significantly reduces the risk of a mis-hire, but leaders screened using our methodology tend to have longer and more successful careers than those hired through a traditional process.

Insights from "Orxestra® Method" by TRANSEARCH USA.

As passionate experts in the executive search and leadership consulting industry we build leadership teams for our clients every day. Learn more about TRANSEARCH International and our wide-ranging approach to leadership acquisition and management assessment.

7 "Must Do's" before you commence your new Executive role
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You've been waiting anxiously and the promised job offer has finally arrived. The position is a significant step up - the organisation, a leader in its field. The new role is a stretch but everything about the hiring process confirmed that you are ready. Failure is not an option. To fall short with such a high profile organisation would be a serious career setback.

Although the agreed starting date is several weeks out, time is short. How do you prepare? How do you manage the risk moving into a new executive position? How do you make sure that you are ready for day one?

The following suggestions will help you answer those questions:

  1. Involve the family - the support of your family and closest friends is invaluable, so share your excitement about the opportunity.
  2. Research the organisation's history, key players and culture.
  3. Reflect on what old habits you could let go of, what you need to start and stop doing.
  4. Develop a beginner's mind - be inquisitive and ask lots of questions from day one.
  5. Rehearse your story and be prepared to provide your new team with some insights about you.
  6. Build trust early by being transparent, sharing your personal values, being respectful and understanding.
  7. Thank those who assisted you secure the role, including your referees.

When the time comes to depart your current role, you should have already completed a handover and be leaving the organisation in good order. If appropriate, consider your spouse or partner's work situation and any family commitments - you may be able to take a short vacation, which is a great opportunity to clear your head before you start your new job.

Mentally rehearse the integration steps that lie ahead… believe in yourself, anticipate the potential twists in the road, involve a mentor, and know how to make the most of what you excel at.

The aforementioned suggestions (and others) from Before You Land have been crafted by leading leadership and talent management author Dr John O. Burdett as part of the Orxestra® methodology, which is exclusive to TRANSEARCH International. Our executive search process also incorporates John Burdett's Without Breaking Stride, an executive onboarding and integration workbook.

Finally, look forward to a happy landing. Everyone invested in your appointment wants you to be successful, you're primed to win!

Original article "7 "Must Do's" before you commence your new Executive role" by Bill Sakellaris.

As passionate experts in the executive search and leadership consulting industry we build leadership teams for our clients every day. Learn more about TRANSEARCH International and our wide-ranging approach to leadership acquisition and management assessment.