GoBuyside have talked to investment and recruitment CEOs and they have often said that they could not find enough new talented people to fill positions. They cite a survey that says that only 10 percent of C-level management people have any confidence in recruiting investment management with specialized skills. Another survey says that only 33 percent of executives have confidence. The lack of confidence permeates people in management. Learn more about GoBuyside’s founder at Interview.net.
GoBuyside does think that there is positive news in the recruitment industry. All the recruiting problems that they are having are correctable.
GoBuyside believes that social media is not actually helping managers recruit new employees. The advent of social media sites has not made it any easier in converting a person into a new hire in the management world. Managers actually do not spend much time on social media platforms so it is hard for them to get to know to potential hirers. New hirers should then not use the social media as a way to get a new job.
According to GoBuyside, one of the problems that recruiters have is trying to maintain diversity in the American workforce. This has been a problem for several decades so it should not be expected that it would be solved overnight.
A problem with recruiting in the investment management industry is that they are still using old school technologies. They are not willing to find new technologies that could make their jobs easier. Without these new technologies, they are not meeting the expectations of people in the recruiting industry. They want new strategies in hiring people and they are not getting them. People in the investment management industry should start out of the box and conceive new ways to getting new hirers.
GoBuyside’s views should be taken seriously as they have to deal with the problems of the recruiting industry on a day-to-day basis.
SWball October 12, 2018
Posted In: Private Equity Firm