Turnaround Talent: Turnaround Search 911

It's been a long, hot summer.  Dog day afternoon.  Far too many gifted executives caught by the undertow of the economy. It is as if we — the keepers of talent — have been standing on the beach as we watch companies, colleagues, and loved ones dragged out to sea.   But we are the lifeguards, the company-guards, the keepers of the flame and of talent. 

When business plans fail, it is talent that drives a corporate turnaround.

For nearly a year, colleagues in executive search have put on a brave face: they've witnessed profits plummet as companies stopped hiring C-level executives. Phone 911.  But our comatose economy is showing signs of stirring. 

Our practice is picking up turnaround searches from vast financial institutions who have had their playbooks rewritten, and who have regulators as referees.  For other clients, we're conducting confidential searches to replace senior executives who are not matching force with the increased demands of the economic downturn. Helming a company that is downsizing or controlled by regulators isn't easy or pretty. But somebody has to do it. Frequently, that somebody has to be brought in to save the day.

Recruiting into companies as they reorg and restructure is like switching out the engine of a 747 in flight.  It is like playing football, only the playing field has goal posts on roller skates.   These are the times which try corporate souls and test the mettle of top search consultants.

But the neat thing is this: The strong will survive.  In fact, they will thrive.  Increasingly, we are diving in to rescue companies and colleagues. We will breathe life into the executive suites of the companies we serve — stat  — which in E.R. parlance is short for statim, the Latin word for immediately.

Read the original here: The Investigative Recruiter