How UHNW Individuals Can Retain Top Talent: Best Practices
In current times, securing the services of the best-quality talent is but one of the challenges that Ultra High Net Worth (UHNW) individuals and family offices face. Strategies, vision, and considerable resources are required in order to be able to keep those talented people for an extended duration of time. Individuals who are concerned with the running of successful businesses or personal undertakings as they do, as a continued investment for instance, must also grasp concepts of talent and appreciate the relevant processes of their retention. In this article, we discuss what general practices can be adopted by members of the UHNW community in order to hire and keep the right people, and also look at the role of executive search firms and global executive search in achieving and surpassing hiring goals. 1. Why Does UHNW Talent Require Retention? UHNW individuals consider the people they employ as an asset when it comes to family wealth, business enterprises, and the...