The Tolan Group

Let’s face it: sooner or later, all of us will be faced with how to occupy our time once we decide to retire. Others will never retire, and I get that. But for those who ring the retirement bell, the realization will hit that your life will be different, and you’ll have to reinvent your purpose in life, how you spend your time and energy, and probably your social network. I had a CFO many years ago who always said, “There are true friends and a different set of friends at work.” I somehow think he was right. So whether you plan to become a mentor to others, learn a new skill, rediscover a previous passion, learn a new language, or do something else that fulfills your time, all of us will one day have to embrace this new chapter and season of life. In this article from Heather Shaw in the UK, she outlines some very good suggestions and a commonsense approach to best practices for beating boredom in retirement. Many choose not to think about retirement, while others embrace this new season of life. Regardless of your mindset, one day in the future, your life will change—hopefully for the better! #retirementplan https://lnkd.in/gc5TVe7q

My partner, Tim Russell, will be attending the HLTH Conference in Las Vegas in a few weeks. Send an email to Tim at trussell@thetolangroup.com to schedule a meet-and-greet! #hlth2024

Middle Management Hiring on the Rise New hiring data tells us things are shifting (again). Newly placed mid-level executives are on pace to hit their highest levels since Q3 2022. Recent growth has mostly come from outside the C-Suite, which is currently down 5 percentage points quarter over quarter according to the Thrive TRM. We have seen this trend firsthand as portfolio companies are laser-focused on bolstering their talent in their existing investments as they ride out the longer hold periods in today’s market. As of September 2024, private equity (PE) holding periods are at record highs, with some key takeaways including:    • Median holding period: The median holding period for PE-backed companies is 5.7 years, the highest it's ever been since tracking began in 2000. • Longer hold periods: The average hold period for PE funds in North America in 2023 was 7.1 years, and in Europe, it was 5.9 years (and growing). • Challenges: PE firms are facing challenges such as fluctuating market conditions and interest rates, making it harder to secure new deals.    The real focus today is on current investments and optimizing their existing portfolios.    Assuming linear performances as we wind down September, Q3 placements look like this:   C-Suite hiring falls 4% Head of SVP hiring grows 8% Director & below hiring grows 77% #ttgexecutivesearch #hiringtrends

The Tolan Group is pleased to announce a recent placement for one of our clients. We have been delivering human capital solutions for healthcare services, behavioral health, and health tech PE and Venture-backed portfolio companies since 2005. #ttgexecutivesearch  

My partner, Tim Russell, will be attending the HLTH Conference in Las Vegas next month. Send an email to Tim at trussell@thetolangroup.com to schedule a meet-and-greet! #hlth2024

OK – this time the return to office (RTO) mandates are becoming much more real. Employers are now drawing a line in the sand with veil threats and whispers of some terminating employees who refuse return to office mandates. In the office 5 days a week for some. Yep. It’s happening again and this time with Amazon and many other corporate giants flexing their corporate muscles. 💪 Here is the rundown: • Amazon told workers they will be expected to report to the office daily beginning 1/1/25. • Disney mandates that employees work in the office four days a week, Monday to Thursday. • JPMorgan offices at least three times a week. The company is tracking attendance. • Starbucks’s corporate employees must be at their desks three days a week. • X (formerly Twitter) workers would be expected to report to the office on a full-time basis. Many have drawn that line before with hints of what might happen if employees refuse to comply only to cave as the inmates are clearly running the asylum (only a reference please) on the employee / employer rules of engagement. Some have been successful in making sure their new policies are enforced. I’ve seen this movie before but this time it may be different given the list of big-name brands blowing the RTO whistle. Will these employers cave given the tenuous nature of our employment market and the growing need for top talent or is this the end of the virtual workforce? We shall see. Popcorn popped. Let the show begin… #RTOmandates #remoteworking https://lnkd.in/gknNqAP5

This is an amazing story to me. Queen Elizabeth convinced her parents to let her join the military. She could have taken a cushy desk job in administration but instead she chose to be a mechanic. What? In a six-week training course, she passed a military driving test, learned to read maps, and worked repairing engines, according to a Time magazine article. The Associated Press at the time named her “Princess Auto Mechanic.” Exactly which vehicles she worked on and what she did on them may have been lost to history, but the Queen served her country well, and remained an active driver throughout almost all her life, teaching her children and grandchildren how to drive. She was a great example of someone that did not allow who she was and what she was one day destined to become dictate how she spent her early years. She chose to serve and that is a testament to who she was. #chooseyourownpath

We want to introduce our followers to The Tolan Group team by presenting a Monthly Team Spotlight. This will give you a chance to learn more about our team, their focus at TTG, and a few tidbits of what they do when they are not engaged in providing our clients with finding world-class talent.      Here is this month’s Monthly Team Spotlight:    #ttg #executivesearch

My partner, Tim Russell, will be attending the HLTH Conference in Las Vegas next month. Send an email to Tim at trussell@thetolangroup.com to schedule a meet-and-greet!

I have heard and read about salmon swimming upstream but never actually witnessed this phenomenon until last week in Juneau. Just an amazing sight to see.    The salmon eventually all make what is referred to as the salmon run. This is when sockeye salmon and all the other salmon go upstream to the lakes and rivers where they were born. They travel hundreds of miles, facing challenges and obstacles along the way with animals, humans, and trees. They never give up on their journey; they keep swimming and swimming. The salmon are incredible creatures because they are born, then they live in the ocean eventually traveling back to live in freshwater to lay their eggs. Then they die within days or weeks of spawning. That is their life cycle.    In business, all entrepreneurs also learn how to swim upstream. Not every day is a ticker tape parade day and often swimming upstream, taking chances, and fighting adversity becomes the reality in the life of a business owner/leader. Nothing is guaranteed so we also must take chances, not knowing what the outcome will ultimately be. That is what entrepreneurs do every day.        Swimming upstream can be painful and difficult -- but to find success you must be willing to take those chances.   I learned a lot that day watching these incredible fish fight, jumping their way up waterfalls, eventually pushing their way upstream. It was a thing of beauty to behold! #alaskasalmon #swimmingupstream https://lnkd.in/eYs7f7Zc