|
|
|
|
|
|
by Linda C. Mack, Mack International
|
|
An intensely competitive market and increased access to information are requiring Family Business Enterprises to keep pace in the recruiting, compensation, and retention arenas. As the New Year approaches, the office of the future and its leaders are looking to benchmarks and best practices to take their respective firms to the next level.
|
|
|
A More Formalized Approach
|
Whether considering employment agreements, performance management or compensation packages, the trends all point to more formalized strategies and methodology. At the CEO and CIO level, the vast majority have employment agreements, with CFOs not far behind. Today, compensation agreements are increasingly being documented prior to candidates accepting an offer. Additionally, more formal, and sophisticated (qualitative and quantitative) performance-based plans are part of ... (click to read more)
|
Family Office of the Future—What will it look like?
|
The Family Business Enterprise of the future will be very different from the traditional business model of the past. Future enterprises will be more strategic and proactive, similar to other professional service organizations. They will provide a distinct value proposition that resonates with family members as clients who will choose to do ... (click to read more)
|
The Next Generation of Leaders
|
The profile of the most effective leaders is evolving both in skill level and personal characteristics. The premier candidates for the C-suite will have strong business and financial acumen, be technologically savvy, have the ability to think critically and bring a strategic and proactive mindset to their job. “Expert generalists” who have knowledge across the horizontal spectrum of all the wealth management fields and also understand the interconnectivity between... (click to read more)
|
What we Preserve from the Past
|
|
The future is bright and exciting. It is worth emphasizing that despite the importance of recognizing trends, there are some constants that are best preserved by Family Business Enterprises. Family businesses are known for how highly they value their staff through all... (click to read more)
|
|
|
|
Our thanks to Mack International.
|
|
|
About Mack International
Mack International, LLC is the premier retained executive search and strategic human capital consulting firm focused on providing solutions to single family offices/family enterprises, multi-client family offices, and the full spectrum of wealth management advisory, investment management and financial services firms that serve the ultra-high net worth private wealth and family markets.
|
|
|
|
|
|
|
Please stay safe and healthy,
|
pmsoldano@family-enterpriseusa.com
712 H Street NE Suite 1330
|
|
|
|
Upcoming Events
-
|
February 7, 2023: Minneapolis Family Office Group MNFOG, Minneapolis, MN
|
-
|
March 9: U of Wisconsin, Madison, WI
|
-
|
March 23: Maine FBC Event
|
-
|
March 29: High Center FBC, Elizabethtown, PA
|
- April 19 - 21: Transitions East, St Petersburg, FL
|
|
|
|
|
Sign-Up For New Podcast: "Voice of Family Business on Capitol Hill" with host Pat Soldano.
|
Join our growing family of podcast listeners by clicking on the links below to our new podcast, "The Voice of Family Business on Capitol," where each episode delves into the major issues facing family businesses and family business centers today. Subscribe by clicking on these links, or wherever you get your podcasts.
|
|
|
|
|
|
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…
|
As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.
|
|
The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill.
|
|
|
|
About Family Enterprise USA
Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate.
|
|
|
|
|
|
|
Have questions or would like more information about becoming a Member or donating? Please contact John Gugliada at jgugliada@family-enterpriseusa.com.
|
|
|
|
Family Enterprise USA Sponsors
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
