Management Archives - Groupe Insearch

Monica Richgels Named Partner, Executive Search at Groupe Insearch

By Angelica RainsLeadership

January 25, 2023

Groupe Insearch – a member of the Sanford Rose Associates Network of offices, is honored to name Monica Richgels as Partner, Executive Search at their firm. Groupe Insearch is a proud woman-owned and operated executive search firm. They build impactful teams with accuracy and a customized approach. Their search process is thorough and hyper-focused, utilizing a variety of resources to identify, attract, and hire the best possible talent in the field. Their long history as market specialists has established them as a trusted resource for top performing candidates and high-profile CEO’s, private philanthropists and venture capital investors to identify and recruit the top 1% of C-level support. Groupe Insearch has a global industry presence and services all major metro areas including Miami, New York City, Los Angeles and San Francisco.

Angelica Rains, Founder and CEO of Groupe Insearch states, “Over 5 years, Monica’s engagement and commitment to both clients and candidates has made her a sought-after advisor. Her internal thought-leadership, mentorship and contribution to revenue growth are key assets we appreciate and know will impact our continued expansion.”

Monica’s relationship with Groupe Insearch began over 20 years ago as a candidate and then a client. She held positions as Executive Assistant and Chief of Staff to industry leaders in San Francisco and New York. Over the past five years some of Monica’s accomplishments at Groupe Insearch include:

Groupe Insearch top biller in 2020 and 2022
President’s Club 2018, 2019, 2020, 2021 and 2022
Over $2m in revenue
SRA top biller awards out of nearly 1,000 recruiters

Groupe Insearch specializes in executive support placements in both corporate and private service organizations. For more information visit Insearchsf.com.

For over 60 years, Sanford Rose Associates®, comprised of independently owned firms continue to “find people who make a difference®”. Executive Search Review recognizes Sanford Rose Associates network as being one of the Top 10 Search Firms in North America. Sanford Rose Associates has 160+ offices worldwide and through our network of offices, we can deliver leaders in over 40 countries across the world for our U.S. based global clients.

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January 25, 2023

Adapting to Executives Facing Upcoming Retirement

By Groupe InsearchCareer Guidance, Corporate Culture, LeadershipNo Comments

Retirement is something that impacts small, mid-size, and big businesses alike. It can be difficult for some leaders to give up control over something they’ve worked so hard to build. Approximately 12 million Baby Boomers also happen to be executives and business owners, and most of them will be eligible for retirement in the foreseeable future. Yet, close to half of CEOs still don’t have transition plans for when they leave. Below are some potential exit strategies that can help businesses maintain value and adapt to executives facing retirement.

Develop a Plan

Perhaps this is the best advice that executive recruiters can offer to owners and leaders considering retirement. Rather than continue working in the business, start working on it by focusing on other responsibilities that can help grow it, like marketing. The decision to either sell the business or transfer ownership to current employees gets more accessible when the right employees are hired and appropriately trained. Then, organizations should model a plan similar to this for managing the wave of retiring workers.

Decide organizational goals. Surveys and focus groups are effective ways to discover what the needs of employees and the company are.
Determine what you want from employees. Do you want to promote internally for C-suite positions or recruit external candidates? Even though external candidates tend to have more experience, employment data suggests that they are more likely to be fired than those hired from within.
Aggressively promote the succession plan. Ensure that employees understand eligibility by holding educational meetings.

Recruit Successors Earlier

It’s easier for organizations to prepare for retirements than other forms of turnover because they can usually predict the who and when. Multilevel succession plans can help small businesses develop talent to hedge against executives retiring. Alternatively, companies can partner with C-level recruiters to hire a successor as soon as possible to shadow the outgoing executive and gain knowledge transfer.

To Retire or Not to Retire

For those executives unsure if now is the right time to exit the workforce, some red flags can help. For instance, retirement might be the best option if you’re not passionate about what you’re doing or don’t feel challenged anymore. Other people opt for retirement for personal reasons such as health, family obligations, etc. Some industries are evolving so rapidly that businesses could benefit from fresh leadership.

A strong succession plan is the best way for businesses to overcome the wave of retiring executives. It should combine transparent retirement policies and internal successor development programs. Otherwise, recruiters are yet another valuable resource that can help you adapt.

Why Managers Should Never Eat Alone

By Groupe InsearchCareer Guidance, Corporate Culture, LeadershipNo Comments

As a leader, you want your employees to know that you value their opinions and see them as people. One of the easiest ways to demonstrate this is to have lunch with them regularly. Managers who eat with their team members receive various potential benefits, such as higher employee retention and improved performance. Lunchtime is also one of the best times to build your network. This is especially true in the C-suite, where relationship-building is extremely important.

Improve Retention

Not liking their manager is one of the most common reasons people quit jobs. Taking the time to talk with your employees and demonstrate you empathize with them and care about their success will instantly make you a likable leader. This is why you should never eat alone. Eating lunch with your team members is an excellent opportunity to socialize with them and get to know them on a more personal level. Build a connection with your team so they will want to work for you.

Improve Team Performance

Employees who feel a connection to their team and to their managers are more driven to succeed. When team members eat alongside their managers, they feel seen. By connecting with your team on their level and in an informal setting, you will build trust and loyalty. Eating lunch as a group makes sure everyone feels included, which makes people want to do better and contribute to the group’s success.

Build Your Network

Eating lunch with others is also a great way to grow your professional network. Networking is most successful when it is based on authentic relationship building and isn’t just networking for the sake of networking. Most networking nowadays has moved online, yet nothing is as powerful as face-to-face conversations. When you eat together, you form relationships built on genuine camaraderie and respect. The relationships you create at the lunch table are much more meaningful than ones limited to online communication.

Enhance Your Mood

Another reason you should never eat alone is that it is simply more enjoyable to eat in the company of others. Eating in a large group enhances mood and makes people feel happier. If you always eat alone, you may eventually start to feel lonely and excluded. Even managers need to take a break from constantly thinking about work. Lunch breaks are a chance to give your brain a rest from work stress and to let loose. This can be a lifesaver when it comes to mental health.

While many managers are in the habit of eating lunch alone, a lot of good can come from making a point never to eat alone. On the one hand, this habit will help you build a connection with your team, improving employee retention and team performance. On the other hand, it can help you grow your network while enhancing your mood and reducing stress.