Identifying the best talent is only half the battle. The key to building the right executive teams is recruiting and retaining top talent. This is where a white-glove experience can make a big difference. It is easy to forget that an integration selection process, which often includes choosing between two executives for one role, is actually an executive recruitment exercise. Leaders need to understand the NewCo vision, aspirational culture of the CEO, and opportunities for him/her going forward within the current and future roles.
Focus on “re-recruiting” current executives through a personalized approach that takes their skills and experience into account. This should include highlighting their long-term succession potential within the organization and their ability to shape its success.
Ensuring that there is a rigorous process in place to test the key areas of accountability can make a significant difference in the success of a merger. Combine strong tactics with relevant data points to identify gaps and find the best talent. Above all, do not overlook the importance of assessing your needs — it will allow you to move into the next phase of growth with an executive team ready to deliver short- and long-term goals.