This article is brought to you by the National Center for the Middle Market.
Quarter after quarter, the ability to attract, train and retain talent tops the list of significant challenges facing middle-market leaders, according to the National Center for the Middle Market’s “Middle Market Indicator” report. Midsize companies, unlike their larger counterparts, often lack the name recognition to attract top talent.
The NCMM’s latest research shows how C-suite executives in this sector view their employment brand, how they attract, recruit and identify top talent both inside and outside the firm, and the challenges they face doing so. Here are some key findings:
•Less than a third of midsize company executives said they have a clear employment brand they are satisfied with and works for them. This holds true regardless of whether or not the firm is PE-owned.
•Less than a quarter of middle-market executives said they have a compelling employee value proposition, or EVP. For PE-owned firms this number is slightly higher, hovering just below a third, significantly higher than for non-PE owned firms …
Raymond Noe is a faculty member in the Department of Management and Human Resources at The Ohio State University Fisher College of Business.
The National Center for the Middle Market is a collaboration between GE Capital and The Ohio State University Fisher College of Business. For more details or to download a copy of the “Middle Market Indicator” report, visit www.middlemarketcenter.org/researchreports.