Recruiting top executives is a challenging exercise, made even more difficult when the critical skill sets required are scarce within your particular industry sector.
Smart organizations are using this recession as an opportunity to recruit and train high potential talent with transferable skills from other industries. For instance, an executive with strong experience in the telecom or automotive industries will likely have valuable skills that can be leveraged by the renewable energy sector, bringing both transferable skills and a fresh viewpoint to the organization. With a minimum of training, these individuals can make a significant impact on the business.
Our experience has taught us that it's often more effective to move an executive from an industry that utilizes comparable processes, practices and/or competencies than to leave a critical role unfilled waiting for the “ideal” candidate.