executive search medical devices - surgical, renal, peritoneal, blood

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The Medical Device practice of NextGen Global Executive Search uses a proprietary Performance Based Retained Search process in recruiting exceptional talent for clients. With over 15 years in Medical Device recruitment services, we are industry expertise in surgical, disposables, plasma separation and blood collection, transfusion therapies, infusion pumps including IV, medical device diagnostic and monitoring units, renal and peritoneal for kidney dialysis nano and neuro R&D. Our Medical Device recruiting team have successfully recruited top level talent for clients worldwide in Class I, II, and III Medical Devices by placing Surgeons, CXO’s, Administrators, EVP/SVP, VP, Directors, and Principals in engineering, systems design, sales, marketing, research, and software development. Our placements have resulted in lucrative IPO’s, M&A’s, market penetration and IP value for our clients. We know the technology and the global marketplace for medical device including: Surgical – non-invasive, diagnostic, and disposables Plasma Separation and Blood Collection – transfusion therapies, processing systems Infusion Pumps – IV fluids and medications, IV tubing and access devices Heart Rate & Fitness – monitoring systems, blood glucose, blood pressure meters Diagnostic & Monitoring Systems – portable medical devices, wireless, RFID Renal – peritoneal, kidney dialysis, hemodailysis, CRRT Software – medical imaging, blood analyzers Biomedical – preclinical, research and development, nano and neuro We confer with the Client early and often to gain a clear understanding of BOTH your needs/requirements AND the corporate goal in filling this position. We then define the Tangible Skills and Experiences required for your ideal medical device candidate by determining the critical goals and major business successes the candidate will be accountable for producing. Our proprietary real-time hypothetical reasoning and situational scenario behavioral interviewing techniques reveal candidates that have the motivations, aptitudes, leadership, learning ability and intelligence, accomplishments, persistence, and adaptability to fit the specific role and move your medical device strategy forward Have confidence in the transition process with our Executive Onboarding for a new leader or executive we recruit by maximizing the chances that the new leader will be engaged quickly with the company’s culture, the department’s people, and the executive team.

TRANSCRIPT

Page 1: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood
Page 2: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

“75% of newly hired executives are having trouble with interpersonal skills (the ability to build relationships, collaborate, and influence others).

~(American Society for Training & Development 2011)

A troubling finding of the study is that many of these executives had both strong technical skills and years of previous management experience and yet they fell short in the interpersonal area.”

Page 3: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

� Coachability (26%): The ability to accept and implement feedback from bosses, colleagues, customers and others.

� Emotional Intelligence (23%): The ability to understand and manage one’s own emotions, and accurately assess others’ emotions.

� Motivation (17%): A sufficient drive to achieve one’s full potential and excel in the job.

� Temperament (15%): Attitude and personality suited to the particular job and work environment.

� Technical Competence (11%): Functional or technical skills required to do the job.”

“The Top Areas of Failure and Percentage of Respondents:

~Study from Leadership IQ 2009

Page 4: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Why risk your stakeholders’ investments on inexperienced internal recruiters, poor screening by contingency based search firms, job postings, and generalist retained search firms? Why hire a B or C Player?

� cost effective� speed in delivery� results in recruiting candidates who meet or exceed client

expectations� these new hires positively impact your bottom line.

NextGen Global Executive Search uses a client-focusedproprietary Performance Based Search methodology that brings forth “A Players” each time.

Page 5: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Advanced Medical Devices Focus Areas

Renal/Peritoneal/DialysisSoftware-Medical Imaging/AnalyzersTransfusion Therapies/Blood CollectionPacemakers/Defibrillators

Biotech Medical TechnologiesDisposables & SurgicalInfusion Pumps/IV FluidsHuman-Implantable RFID Chips/Wireless

Page 6: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Decision Makers & Senior Executives

Research & Development

Executive Management

Engineering

Operations

Systems

Business Development

Bio-Tech

Page 7: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Engineering & Product Management

Page 8: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Sales, Marketing & Business Development

Page 9: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

International

Page 10: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Our Search Method Defined

We confer with the Client early and often to gain a clear understanding of BOTH your needs/requirements AND the corporate goal in filling this position.

� Your market position� Corporate vision� Unique attributes of the executive

team� Strengths & weaknesses of the

organization� Key differentiators between you

and your competitors

Page 11: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Rather than using “typical job descriptions”, we focus on:� What does the candidate taking the job need to do to be successful, not

what the person needs to have.� What a candidate DOES with his or her skills, experiences, and abilities

rather than the HAVING of these.� Define the salary, benefits, career development opportunities, rewards,

culture, and management style.

Define Performance Objectives and EVP

Page 12: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

2 Education/Experience

Personal/Professional Background

44Personal/Professional

Background4

1

3 Adaptability

5 Corporate Culture & Company Lifecycle

6 Accomplishments

Skills/Intelligence

Define the Tangible Skills and Experiences Required in Your Ideal Candidate

Page 13: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

thought processing, reasoning , and persistence traits

motivational factors and problem solving style

conflict resolution skills

planning and organizational skills

execution and project management techniques

leadership qualities and relationship building skills

Identify Key Intangible Traits of the Ideal Candidate

Page 14: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Why does the position exist, or if replacement, why?

What aptitudes and leadership qualities are mission critical?

What accomplishments and external/internal motivations are non-negotiable?

Conversely, which are not needed?

Determine the critical goals and major business successes the candidate will be accountable for producing.

BenchmarkKPI

Key Performance

Indicators

Page 15: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Perform research in the vertical market to define the compensation range, assess retention rates of your direct competitors, and review existing and future market trends.

We then develop a search strategy that will identify and recruit the exceptional talent you require.

Our delivery from start to finish is fast, responsive, and will meet or exceed your expectations.

Develop the Search Strategy

Page 16: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Sourcing, Interviewing and Screening

Page 17: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Series of in-depth Interviews - Drill down to Top 10%

• define usage and accomplishments in the required Tangible skills of the candidates

• determine the demonstrated Intangible Traits of the candidates

• document that candidates have the similar corporate culture, product/service lifecycle and personal/professional background ideal for internal communications and external effectiveness.

• detail contacts and relationships within the industry vertical with investment community, customer decision makers, and peers.

• assess which candidates have the potential to meet or exceed the Performance Objectives

Page 18: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

We confer with the Client on the steps we have taken in the process, the number of candidates being considered, and timeline update.

We confer with the Client on the steps we have taken in the process, the number of candidates being considered, and timeline update.

This assures the client that the NextGen GES team is on the right track and on schedule.

Page 19: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Example Behavioral Analysis Measuring the

Quality of Hire

These customized tests validate the candidate(s) intangible traits, aptitudes, motivations, and whether he/her is a Natural Fit for the role.

Page 20: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

“Behind-the-scenes” industry references.

We confidentially cold call former customers, colleagues, and vendors that the candidates have worked with; these reveal the best unscripted references possible.

“Behind-the-scenes” industry references.

We confidentially cold call former customers, colleagues, and vendors that the candidates have worked with; these reveal the best unscripted references possible.

We conduct a civil background check and at the client’s request perform a credit check for CFO or VP Finance.

Page 21: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Present the Short List of Candidate Dossiers

� Most retained search firms view Short List as Finalist Candidates.

� At NextGen Global, we view the Short List as Preferred Candidates who meet the parameters of the search assignment.

� These are NOT Finalist Candidate YET as the Client opinions and preferences need to be heard.

Candidate Dossiers are delivered over a secure web site. These include complete info on background, skills, experiences, accomplishments, assessments, audio summary of documented behavioral analysis, contacts and relationships, industry reference checks, and scorecards against the Performance Objectives.

Page 22: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

After the Client has Reviewed the Short List, the next step in our Performance Based Search method is to determine the Finalist Candidate(s). We work with the Client to develop two scenarios to be used in the Final Interviews, which we perform face-to-face with the candidate(s).

These real-time hypothetical reasoning and situational scenario behavioral interviewing techniques are designed to reveal a candidate’s leadership, persistence, and adaptability to fit the specific role and move your strategy forward.

No other retained search firm includes this STEP which is ESSENTIAL

Page 23: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

We videotape the Short List Candidate(s) Final Interviews and a Final Assessment is performed by a Senior Partner to determine the Finalists - those who can meet or exceed the Performance Objectives.

Client has access to the video and assessment over a secure web client.

Page 24: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Our Practice Leads have decades of experience in negotiating offers with different compensation levels including

• Performance MBOs• Profit based MBOs• Target Commissions• Corp. Bonuses• Stock Options• Equity & Share Options• Relocation Package• Benefits Package

Scheduling Face-to-Face Interviews and Closing the Candidate

Page 25: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

•Have confidence in the transition process for a new leader or exec.•Ensure a new leader will be effective in a short time.• Improve the average retention time of your leaders and executives.•Gain a competitive recruiting edge for top leadership talent.•Maximize the chances that the new leader will be engaged quickly with the company’s culture, the department’s people, and the executive team.

The unique best practices delivered by NextGen will help you accomplish all of the above by utilizing a customized, one-on-one, version of our Renewal™ World Class+ Executive Onboarding Program.

You have invested to hire; now invest to retain and grow.

High Impact OnboardingAn Investment in Your New Leaders and Executives

Our placements meet performance objectives sooner and are retained longer.

Page 26: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

High Impact OnboardingAn Investment in Your New Leaders and Executives

How Does It Work?

. Goal of Each Phase of Renewal™ Leadership OnboardingPhase Objective Timing

Affirmation Ensure the new leader or executive

constantly believes he/she made the right

decision.

Begins no later than the Offer Letter

and continues through Day 90.

Welcome Communicate a highly-personalized

message of acceptance and attention.

Begins with the Acceptance Letter and

continues through Day 30.

Foundation Transfer company, department, and role-

specific knowledge, skills, and attitudes for

accelerated competency.

Day of Acceptance Letter through Day

60.

Assimilation Immerse new leaders in the company

culture and help them be proud of it.

Most important phase: Acceptance

through Day 120 (3 months).

Contribution Within a predetermined number of days or

weeks, begin to see real productivity from

the new hire and provide a positive

experience that he/she is a contributor.

Day 15 through Day 120 and beyond.

Growth Begin to see an independence and

demonstrated insight in the knowledge,

skills and attitudes of the new leader.

Day 60 through Day 120 and beyond.

Sharing Gain an early ROI by utilizing the

“graduates” as Advisors and garnering

feedback from them and their

managers

Begins when the individual leader’s

Renewal™ program is completed at Day

180. Execs may be Ambassadors. Leaders

can be Advisors.

Page 27: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood
Page 28: Executive Search Medical Devices - Surgical, Renal, Peritoneal, Blood

Offices in Chicago, Annapolis, Beverly Hills, Dallas, St. Louis, Nashville,

Sacramento, and London, UK.

Corporate Office: 3 Pembrook Ct., Bolingbrook, Illinois 60440

Craig Hufford, Managing Partner and Practice Lead

Surgical and Medical Devices

Toll Free: (888) 501-5580 x 101

Direct: (630)378-0005

Fax: (888) 505-3656

Outside North America 001-630-560-4412 x101

Mobile: (630) 240-0041

Email: [email protected]