8 Hiring KPIs PE Portfolio Companies Need to Track to Attract Star Performers

by: Ken Kanara and Kay Francoeur

 

Hiring executives for private equity portfolio companies is a crucial process, as these individuals will play a significant role in driving the success of the company. Therefore, it is essential to carefully evaluate candidates and ensure that you are making the best possible hiring decisions. One way to do this is by tracking key performance indicators (KPIs) throughout the hiring process. In this article, we will discuss the importance of tracking KPIs when hiring executives for private equity portfolio companies and how focusing on these factors can benefit your business.

 

One of the main benefits of tracking KPIs when hiring executives is that it allows you to make data-driven decisions. By setting specific goals and metrics to evaluate candidates, you can objectively assess their qualifications and determine which candidates are the best fit for the role. Adhering to an objective data-driven process can help to reduce bias and ensure that you are making the most informed hiring decisions.

 

Another advantage of tracking KPIs when hiring executives for private equity portfolio companies is that it can help you identify top talent. By regularly monitoring key metrics such as job performance and retention rates, you can clearly identify candidates who consistently outperform their peers and are likely to be successful in your organization.

 

Tracking KPIs can also help you to assess the effectiveness of your hiring process. By regularly reviewing your KPIs, you can identify areas of the process that may need improvement and adjust your strategies accordingly to attract the best candidates.

 

In addition to these benefits, tracking KPIs can also improve communication and transparency within your organization. By sharing key metrics with stakeholders and employees, you can foster a culture of accountability and ensure that everyone is working towards the same goals.

 

At ECA, we rely on 8 KPIs that inform our data-driven talent acquisition strategy. In combination with our proprietary platform Cascade, our evidence-based recruiting strategies result in faster, more effective placements for private equity companies by creating a feedback loop tracking these key metrics:

  1. High Level Candidate Funnel
  2. Candidate Engagement vs. Target
  3. Candidate Interest vs. Target
  4. Candidates Presented vs. Target
  5. Candidates Interviewed vs. Target
  6. Interview Rate vs. Target
  7. Interview Lag vs. Target
  8. Days in Interview Process vs. Target

 

Overall, the importance of tracking KPIs when hiring executives for private equity portfolio companies cannot be understated. By setting specific goals and metrics to evaluate candidates, you can make data-driven decisions, identify top talent, assess the effectiveness of your hiring process, and improve communication and transparency within your organization. By regularly tracking these key performance indicators, you can ensure that you are making the best possible hiring decisions and positioning your business for long-term success.

 

 

Ken Kara is the President & CEO of ECA Partners. He can be reached at [email protected]
Kay Francoeur is a Project Manager at ECA Partners. She can be reached at [email protected]

 

 

Kay Francoeur
Project Manager

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