The 2023 Financial Year marked a period of solid activity across the Health, Care and Life Sciences sectors, which saw Compass Executives achieve a record number of completed mandates. This resulted in Compass Executives reaffirming our credentials in the private equity backed healthcare space through the receipt of HealthInvestor’s Search Firm of the Year award in 2022.

In this analysis, Compass Executives examines the shifting investor demands for leadership talent in the health and care sectors.

• The economic backdrop – due to the aftermath of the COVID-19 pandemic and how management teams and organisations need to reflect and reorganise on the most current state that they find themselves in.
• Out of sector perspectives – Compass Executives’ placement data across the last twelve months show a real point of difference through the introduction of out-of-sector hires into the space, bringing new talented leaders into the healthcare arena. For CPO and CFO mandates, upwards of 60% of Compass Executives’ hires came from out of the industry.
• Cultural Intelligence in the hiring process – Across the wider leadership team, Compass Executives have delivered mandates across CEO, COO, MD and the Non-Executive Boards. It is here where more flexibility has been observed by Clients having a keen interest in understanding the gains made in other industries of the private equity community. By having a focus on diversity and equality, the outcome from the Compass Executives team has seen 56% of leadership roles occupied by women.
• New market entrants – The prediction of a surge in investments which will see new entrants to the market. This will transpire for organisations that put the talent curve at the heart of their strategies, allowing them to benefit much better than those who focus elsewhere.
• Looking ahead outlook – this report concludes with cultural intelligence being a key factor within the talent market to ensure the creation of a sustainable workforce for the future.

Download the full report here: Financial Year 2023 Review

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