Recruiting top talent is a cornerstone of success for family offices worldwide. However, the landscape of talent acquisition is not without its challenges, as highlighted in the 2024 Compensation and Talent Planning Report by Botoff Consulting and Somers Partnership. The report reveals a significant trend across regions, with 36% of family offices in the U.S.
While every Family Office is unique, there are some best practices for staffing an office to ensure it functions efficiently and optimally and future proofs your family office. Building a Family Office from scratch involves a number of recruiting decisions based on the vision of the Principal and family and the purpose of the office.
You can find out how family office pay stands across the sector, and how your competitors are compensating their top performers, with your free copy of the 2022 Global Family Office Compensation Survey. Boosting your talent bench is a precise art. Not only do you need to attract the right candidates, but you must ensure
How much should you pay your family office team? Read More »
In the recruitment process, candidate experience (CX) can have a significant impact on whether or not someone signs on the dotted line. With competition for top talent currently at its peak, paying attention to the small details in the recruitment process can make a big difference. At The Somers Partnership, we know what it takes
How we use micro experiences to secure top candidates Read More »
The Somers Partnership’s founder Mark Somers explains how to recruit for a family office in Singapore, as the country rightly becomes an increasingly popular destination for wealthy families, and competition for talent intensifies. In the centre of the ecosystem of Southeast Asia, Singapore has plenty to entice family offices and experienced family office international executives
How to recruit top talent for your family office in Singapore Read More »
‘The Great Resignation’ is a term that has caused angst in boardrooms across the globe. Many have feared they will lose their organisation’s most valuable talent, concerned that top performers will flee in their droves. At The Somers Partnership we help organisations within the wealth management sectors to find exceptional talent. Since founding the firm
Why you don’t need to worry about ‘The Great Resignation’ Read More »
As we look to the year ahead, businesses now have a much clearer picture of how and when we will be moving out of lockdown. The roadmap has been laid down and with it a feeling of certainty and confidence has returned. Collectively, we are all looking ahead to the good times to come. Now
By John Deverell CBE Most family offices and family firms do not have a crisis management plan. The principal and the CEO will be relying on their ability to see the potential for things going wrong and reacting in good time. But the reality can be very different; an incident can quickly spiral out of
Do Family Offices Need a Crisis Management Plan? Read More »
Times are changing in the wealth management, private banking and family office sectors in the wake of Covid and with Brexit looming on the horizon. We are experiencing unforeseen changes to customer and employee behaviour and with many firms forced to make fundamental changes to their business model, we urge employers to consider harnessing the
The global pandemic has opened up new opportunities for businesses able to adapt, improvise and overcome the many challenges. For many, this will involve reacting to changes in customer behaviour, maybe taking their business in a new direction, pivoting towards a different set of goals rather than continuing in a straight line. By taking a
SOMERS PARTNERSHIP
84 Brook Street London UK W1K 5EH
TEL: +44 (0) 203 137 3275
EMAIL: enquiries@somerspartnership.com
