TD Madison and Associates' New Services Help Companies and Venture Capitalists Build Qualified Managment Teams
Virginia Beach, Virginia – December 26, 2002
Today more than ever, companies and venture capitalists are challenged to identify top-notch executive talent to lead businesses forward. TD Madison and Associates, one of the nations most respected retained executive search firms, has developed a new group of services designed to assist the management team selection process.“A qualified management team is the single most important asset in today’s volatile business climate,” states Dean Madison, President of TD Madison and Associates. “One of the biggest differentiators in the market is the scale and balance of a company’s management team and their ability to respond to whatever market conditions exist at the time. With the large number of talented executives currently available, finding talent is not as difficult as it was a few years ago, but determining which executive is the right match is still a challenge.”
New services from TD Madison are designed not only to help companies better manage their hiring processes, but also to simplify and streamline the due diligence process of hiring. They include:
Executive Assessment: This service is designed to help companies evaluate top executive talent by providing comprehensive insight into a candidate’s leadership capabilities as well as background verification. “In light of the many recent acknowledgements of resume enhancement, or of candidates being identified through informal networking activities, smart decision makers are increasingly utilizing a complete verification service that will quickly bring to light any discrepancies that may exist,” Madison said. The service provides companies the ability to secure an unbiased third party opinion on a particular candidate’s strengths and weaknesses. TD Madison will verify education, employment, criminal background, credit/financial history, DMV records, specific psychological traits and candidate reference checks (five at a minimum). This service is ideal when evaluating any candidate for a leadership role when the situation does not call for a full-featured executive search or when exploring internal candidates.
Training & Leadership Development: Employees turnover is a costly unnecessary expenditure that can add 15% or more to a company’s expenses. “With over half of new hires lasting less than two years, at an associated cost of $5 trillion annually*, it is no surprise that employee turnover ranks as one the top concerns of chief executives nationwide,” said Robert Wohlfarth, TD Madison’s vice president of business development. “This program significantly reduces employee turnover and allows companies to create a model that will enable them to substantially improve their hiring processes.” The course instructs hiring authorities in the proper approach to interviewing that allows them to gather more useful information about candidates. It emphasizes behavioral-based interviewing, which has been proven to be an exceptionally effective interviewing method.
Pro tem Executive Assistance: This service is ideal for young and high-growth companies that may need additional executive talent on a part-time or consulting basis. “With the abundance of talent currently in the market, companies can take advantage of the wealth of experience available without having to bring the executive on full-time,” Wohlfarth said.
Talent Management: “This service is designed for companies that are expanding rapidly or those looking to save money on the high costs of implementing a resume screening and management service,” according to Wohlfarth. The service manages and sources potential candidates. TD Madison and Associates will actively manage the database of resumes, allowing companies to search the program based on an unlimited number of variables( candidate name, industry sector, position title, education, skills, geographic location, etc.) In addition, TD Madison proactively updates the resumes every three-six months and will actively source candidates for new positions, freeing company resources for other activities.
About TD Madison
Founded on the premise that truly exceptional companies require truly exceptional leaders, TD Madison & Associates was formed to meet the unique needs of emerging and high-growth companies. Focusing on senior level searches and training programs to support their partners, they collaborate with clients on a variety of issues including company transition, turnarounds, succession planning and cultural change. Based in Virginia Beach, their focus is to provide the leadership that will allow their clients to flourish.* Source: U.S. Department of Labor