Digitalization in the Insurance Industry
The insurance industry has been notoriously slow to adapt to technology. Even today, when every other industry has embraced digitalization, the majority (58%) of insurance executives admit that insurance trails far behind the trend, according to a report from Willis Towers Watson. Companies seem to understand that the shift towards digitalization is essential for remaining […]
How HR Should Respond to Retiring Baby Boomer Executives
Since 2011, there have been 10,000 Baby Boomers retiring daily, according to studies from the Pew Research Center. Only 40% of this generation are left in the workforce, while Millennials are on target to become the largest generation the U.S. has ever seen. This generational shift shouldn’t come as a surprise, and yet many […]
Exploring the State of Diversity in the C-Suite
Diversity has long been a topic of debate in the business world, but it’s becoming increasingly important against the landscape of the global marketplace. Study after study has shown the benefits of nurturing a diverse workforce, and the same is true for the executive team. A recent McKinsey report found that the top companies for […]
CEO Turnover in the Private Equity Sector
CEO turnover within private equity portfolio companies is staggering. In a recent survey completed by Alix Partners, 58% of private equity CEOs are replaced within 2 years of an investment. Over the lifetime of the private equity firm’s holding of a company, CEO turnover jumps up to 73%.
The Challenge of Hiring Executive Leaders in a Candidate-Driven Market
The candidate-driven market has become somewhat of a buzzword, infiltrating every corner of today’s business world. In every industry, this candidate-driven market is fueled by growing demand for top talent against a landscape of short supply. Unemployment rates are the lowest in a decade, and open positions sit empty longer.