March 14, 2023
Louis Diamond Quoted
By Jennifer Lea Reed
Advisory firms serious about hiring in 2023 say they are offering equity to seasoned professionals, establishing a pipeline through a local college, and mining networks for interns and career switchers.
But recruiters interviewed for this story said the one thing they are not doing is going after another firm’s employees.
Recruiter Louis Diamond, of Diamond Consultants in Morristown, N.J. said, “The more successful firms that are hiring talent are doing exactly this. They’re being very proactive and intentional,” he said, adding that the kind of growth a firm is experiencing will dictate what’s possible.
“Firms that are growing faster than the norm, they’re going to have to hire someone experienced who can get to work right away,” he said. “But firms that have the organic growth puzzle figured out have the time to develop someone to exemplify their value proposition.”
For those firms, the multipronged approach to recruitment can ultimately be very gratifying as a firm grows, and its people with it.
“You want to see as many candidates as possible so you can pick the best one,” he said. “Be very thoughtful and clear about expectations, and reward the right behavior.”