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“The operating experience, expertise and resources...are invaluable.” Bill Cunningham Managing Partner MBF LP
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Why Equity Corps Executive Talent Shortage The Aspen Institute projects that by 2020 there will be a deficit of 14 Million skilled workers in the U.S. Of these, several hundred thousand will be C-Level corporate executives. Smaller Companies Disproportionately Impacted Large companies have invested considerable resources to build substantial executive development and retention programs. They are well prepared for the War for Talent, first announced by McKinsey in 1998. Smaller companies frequently lack both resources and sufficient scale to implement similar programs. As a result, small and mid-cap companies will bear the brunt of the executive talent shortage. Executives Spend More Time in Search The shortage of executive talent notwithstanding, executive tenures have been declining. In addition, cycle times for executive searches are not shortening significantly.
The number of empty C(x)O chairs is increasing. C(x)O positions are turning over at an accelerating rate. Open C(x)O positions are not getting filled any faster. Proven Executives are Opting Out Media reports to the contrary notwithstanding, in 2007 the mean U.S. retirement age was 62, down from 67 in 1950. The most talented of our Baby Boomer executives will have a choice as to whether they continue to work or not. In a world where tenures are increasingly short, turn-over is frequent, and searches remain lengthy (currently around 10 months), many will simply opt out. These executives will make this choice not because they don't want to work. They will opt out simply because the effort and hassle involved in continuing to work becomes greater than the reward. Equity Corps Raison D'Etre Equity Corps exists to help bridge this gap - to help smaller companies quickly acquire top quality executive talent when they need it most; and to making it a little easier for talented executives to stay engaged with challenging work. |
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