How can you successfully navigate talent strategies in an ever-changing channel landscape? Find out below!
The channel landscape has proven to be strong during the corona years, which is good news for those in the venture capital and capitalization arena. However, there have been changes in the last six months, especially in terms of talent acquisition strategy. Kevin, a venture capitalist, notes that there is a lot more activity with smaller companies that are concerned about missing out, especially with looming capital gains rates and the next enforcement that could hit the industry.
One of the key differences between private MSP and PE-backed companies is the level of responsibility and accountability. As a business owner, you have the freedom to make decisions without having to answer to someone else. However, when you have an investor, you have to answer to them, and they may have a different vision or strategy for the company. This can affect the approach to talent strategy, as the investor may have different expectations for growth and profitability.
Another difference in talent strategy is the focus on talent retention. Whether you are funded or privately held, the number one strategy is talent retention. Creating an environment where people can come and do whatever they want in their careers is crucial. It’s important to provide stability and growth opportunities for employees, as this can lead to better retention rates and ultimately, a more successful company.
Manufacturing outsourcing and offshoring can also impact talent strategy. Outsourcing and control can lead to cost savings and increased efficiency, but it can also result in the loss of key talent and skills. As such, it’s important to weigh the pros and cons of outsourcing and offshoring before implementing such strategies.
In a venture capital environment, growth can happen quickly, and roles can multiply just as fast. As a business owner, it’s important to rely on others to make decisions and help the business move forward. However, this means relinquishing control, which can be difficult for some.
In summary, navigating talent strategies in the ever-changing channel landscape requires careful consideration of factors such as private MSP vs. PE-backed, manufacturing outsourcing, and growth strategies. Ultimately, the key to success lies in creating an environment where talent retention is a top priority, and employees have the opportunity to grow and invest in the company’s current capabilities.
Watch: Navigating Talent Strategies in the Ever-Changing Channel Landscape
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About Sunny’s Silver Linings Podcast
“Sunny’s Silver Linings” is a top MSP channel podcast hosted by the CEO of IT By Design, Sunny Kaila. Sunny and his guests cover a wide range of MSP- and talent-based topics, including leadership, corporate culture, MSP services, cybersecurity, customer service, talent growth and retention, and strategies to achieve success in the channel. Listen now to take your business to the next level!
You can check out all our episodes here. You can also listen to “Sunny’s Silver Linings” podcast episodes on all the top streaming platforms, including Apple Podcasts, Spotify, Amazon Music, iHeart Radio, etc.
About IT By Design
With more than two decades of experience as a technology services provider—first as an MSP, and then for MSPs—IT By Design (ITBD) helps clients navigate the volatile technical landscape. As the authority on MSP-trained technical talent, it understands the challenges its customers face when recruiting team members. ITBD addresses those issues through many solutions: dedicated staffing, 24x7x365 NOC services, helpdesk solutions, RMM virtual admin, vCIO consulting, security, employee and client engagement software, and professional services. ITBD is headquartered in New Jersey and has facilities in India and the Philippines.
