The importance of the beginning — 4 must-dos to improve employee onboarding.

October 18, 2016 -


CREANDUM: Sourcing, interviewing, evaluating, negotiating and closing candidates is what most people define as recruiting. But one of the most fundamental parts of any complete recruiting process also involves onboarding the new hire onto your organization. Onboarding is the structured way get a new employee to a fully contributing team member. During this time period, an employee’s output is often negative because they consume resources from the rest of the organization. But don’t do the common mistake of disregard the onboarding process’ importance.

Click here to read Creandum’s blog post, which give some of their best practices and some insights from Mercedes Chatfield-Taylor, managing partner of our Private Equity & Venture Capital Practice.

“Successful onboarding requires a strong foundation and a transparent plan. This requires a commitment on the part of the full organization.” — Mercedes Chatfield-Taylor, Managing Partner at Caldwell Partners.

Torstar CEO David Holland to step down later this year

July 6, 2016 -


The Globe and Mail: The president and chief executive officer of Torstar Corp., David Holland, will retire later this year, paving the way for a new regime to take charge of the company that publishes the Toronto Star at a difficult stage in its history.

Torstar announced Wednesday that Mr. Holland, 58, who joined the company in 1986 and has served as CEO for seven years, will leave this fall. A search for his successor is under way.

Some industry veterans see Lorenzo DeMarchi, Torstar’s chief financial officer, as one of the leading internal candidates, but Torstar will also look outside its ranks with help from the executive search firm Caldwell Partners.

Click to full story.

Gateway Media CEO leaves company for West Coast

June 22, 2016 - Gabe Douek, the chief executive officer of Gateway Media since the Clayton-based tech startup was spun off from Answers Corp. in 2014, has left the company. Douek said he and his wife moved after his wife found a job on the West Coast. Douek said he’s currently exploring new opportunities. According to his LinkedIn account, he’s started a consulting business in the digital and internet marketing space.

Gateway Media owns a portfolio of entertainment and culture websites and reported $58 million in revenue last year. This year, the company projects $74 million in sales.

Tom Hillman, chairman of Gateway Media’s board, said the company has hired executive search firm Caldwell Partners to find a new CEO. “We have a great team… and the company is having record performance over the last few months,” he said in an email. (more…)

Hiring the best executive ‘athlete’ benefits women (and maybe men)

June 4, 2016 -

Globe and Mail: Caldwell’s Elan Pratzer proposes we change our approach to the search for senior talent – especially as it relates to women – and focus on hiring the best “athlete” – the most skilled, even if not the most experienced.

Doors will open wider for women if we give them access to opportunities they are currently denied not because of prejudice, but because of perceived risk mitigation. If we properly weight the value of skill over experience, more women will compete as best athletes. Better-skilled men will also benefit and our companies will be stronger for it.


My Son’s Autism Inspired Me to Run Marathons

April 7, 2016 -

Everyday Health: By Chris Beck, Special to Everyday Health

Hi, I’m Chris. My wife, Melissa, and I have an 11-year-old son, Owen Honor Beck. He’s awesome. Owen has an equally awesome twin sister, Jessica.

Unfortunately, Owen and Jessica don’t get to see each other much anymore. That’s because Owen has autism, and an awful lot of communication and behavioral challenges. Some of his behaviors got to be so challenging that about 18 months ago, we placed him in a residential program where he now lives with some other really great kids with autism. (more…)

Leadership Void: Change Agents Sought for Life Sciences Sector

January 26, 2016 -

Hunt Scanlon Media:
Given the integration of technology into all facets of everyday life, the healthcare industry is not alone in facing technology-related issues. These take on increased importance when they impact health, disease diagnosis, treatment and, ultimately, human longevity. Having the right leaders in place to sort through these complex challenges, say recruiters serving the sector, is critical — especially those with vision and transformational skills.

“We’re seeing more and more receptivity to leaders from a variety of backgrounds, not just IT, because of the necessity to have a breadth of knowledge and experience,” said Jim Bethmann, managing partner at Caldwell Partners.

One outcome Caldwell Partners has delivered is a new chief executive officer for Health2047, a new start-up backed by a $15 million investment from founding partner American Medical Association (AMA). It is aimed at harnessing Silicon Valley expertise and innovation to help solve key problems in the healthcare field.

Leading the search assignment were Darin DeWitt, managing partner of Caldwell’s life science and healthcare practice, and Mr. Bethmann, who oversees the firm’s TMT & IT services and information security practices.

“It was a unique and fascinating search, looking for a leader who can leverage the strength and history of the AMA in identifying and developing novel early stage companies,” said Mr. DeWitt.


How the Liberal ‘revenue neutral’ tax plan could cost billions and push top talent south

January 15, 2016 -

Financial Post: OTTAWA — The cornerstone of the Liberal campaign platform was a pledge to grow the economy and create jobs by putting more cash into the hands of middle-class Canadians through aggressive new tax measures.

But that policy pillar — to be supported by higher tax payments by the country’s biggest wage earners — could be crumbling, less than three months post-election.

“The typical ‘one per cent’ are in positions that have more mobility in their roles,” says Les Gombik at Caldwell Partners, a global executive recruitment firm in Calgary.

“They are typically executives that are making greater dollars, and those are often the types of roles where they could do those types of roles in different markets,” he says, adding that the drop in the value of the loonie compared to the U.S. dollar was already inspiring people to look south of the border. (more…)

Lackluster Bonuses May Lead Fund Pros to Jump Ship

January 11, 2016 -, A Financial Times Serivce: Fund professionals who receive lower bonuses for 2015 may jump ship to bump up their base salaries to compensate for the reduced pay, say several industry recruiters.

Managers are forced to take a harder look at the performance of their team members when bonus pools shrink, says recruiter Glenn Buggy, a New York– and Stamford, Conn.-based partner at Caldwell Partners.

“When things are going great, it’s easy just to pay everybody,” he says. “But when things are tough, it makes [professionals] really earn their money.” (more…)

Former Ashley Madison CEO touts ‘philanthropic generosity’ as he looks for work with new website

January 4, 2016 -

National Post: Noel Biderman’s new website touts him as a lawyer with experience as a corporate executive, responsible for “$100’s of Millions in profits and EBITA.”

Biderman also happens to be the former chief executive of the cheating site Ashley Madison, resigning in August after hackers dumped members’ personal information online.

Biderman has not spoken to the media since news of the hack broke and did not respond Monday to a request for comment. Elan Pratzer, managing partner of Canada at the executive search firm Caldwell Partners, said employers generally take a dim view of prospective hires who leave obvious gaps on their resumes. (more…)

Reaching for the top rung on the compensation ladder

December 10, 2015 -

Financial Post: Compensation for CFOs in Canada has climbed to as much as US$27 million as executives take on more strategic roles in companies.

The combined salary 10 of the highest-paid CFOs in the country came in at about $80 million, according to calculations made from a recent Report on Business (ROB) ranking. That’s the equivalent to what Taylor Swift made, or closer to home, Justin Bieber, according to the Forbes celebrity list.

Finding the right talent for an organization’s specific needs is becoming more challenging, said Toronto-based Elan Pratzer, managing partner at executive search firm Caldwell Partners. (more…)

Headhunters woo low-cost Venezuela talent amid crisis

August 5, 2015 -

Reuters: Headhunters across Latin America are tapping Venezuela for low-cost professionals as a deepening economic crisis has left many skilled workers earning less money than taxi drivers and waiters.

Highly-trained Venezuelans are seeking to escape a decaying socialist economy in which they often have to work second jobs and spend hours in line to buy basic goods such as milk or diapers.

The crisis has created a fertile market for global search firms including Korn/Ferry (KFY.N), Caldwell Partners (CWL.TO) and Stanton Chase as well as smaller regional companies. (more…)

Legal Marketing Market – Michael DeCosta (Caldwell Partners)

June 30, 2015 -

New York Legal Marketing Association: Michael DeCosta has helped shape the legal marketing profession for nearly two decades by placing many of the leaders in our field in their jobs.

Michael is a partner at Caldwell Partners, one of the top executive search firms, where he leads the firm’s Professional Services practice out of its Stamford, CT office.

Along with other executive recruiters, Michael has an interesting vantage point of the legal marketing industry as well as the legal marketing talent market. His line of sight into law firm 2.0 has made him a sought-after speaker on professional services and legal career management, including the recent LMA Annual Conference in San Diego.

In the first edition of our new Legal Marketing Market feature, Mike DeCosta shared his insights on our business with Catherine Hausman. (more…)

Career Coach: Know How Much You’re Worth

June 29, 2015 -, A Financial Times Serivce: How should professionals figure out their worth when negotiating a promotion or position with a new firm? Responses have been edited for clarity and concision.

Glenn Buggy is a senior partner in the asset management practice at Caldwell Partners, an executive search firm.

If someone’s making a move, what I suggest they do is research job postings and network to get a sense of the compensation range. But in the end, if you’re looking to be recruited or you’re getting a promotion, I think it’s a very efficient market. The compensation amount required to secure the candidate that the company wants is what it’s going to take to entice the person.< !–more–>
Click to read full article.

Oilpatch Executives Upbeat, Despite Downturn: Survey

May 20, 2015 -

Daily Oil Bulletin: Despite a downturn that continues to squeeze the oil and gas sector, industry executives are optimistic about the future, a recent survey has found. (more…)

Canada Oil, Gas Survey Reveals Optimism Regarding Hiring Plans for 2015

May 15, 2015 - Results from a recent survey of executives for oil and gas companies in Canada revealed that their hiring plans for 2015 may be more positive than public perception. Despite the current decline in global oil prices, only 27 percent of top 50 respondents (CEOs from companies included in the 2014 list of Top 50 Performing Oil and Gas Companies) agreed with the statement “we plan to reduce headcount in 2015 given current market conditions,” according to the survey by executive search firm Caldwell Partners. (more…)

General Electric Acts to Prevent GE Capital Employees From Leaving

May 7, 2015 -

Wall Street Journal: General Electric Co. may be getting out of finance but, until then, it is trying to keep its bankers. Having announced its intention to sell roughly $200 billion in GE Capital operations, the company has taken steps to prevent key employees at GE Capital from jumping ship and has moved to stop competitors from swooping in and poaching staff.

There are signs that some are already scouting new employers. Paul Heller, managing partner in the global financial services practice at recruiting firm Caldwell Partners International Inc., said he has received “a number of unsolicited inquiries” from GE Capital employees. (more…)

Would you hire Jim Prentice? Now-former Alberta premier likely to ‘land on his feet’ despite stunning election failure

May 6, 2015 -

National Post: Don’t feel too sorry for Jim Prentice.

Last time the now-former Alberta premier left politics, it was on a high note. In 2010, Prentice resigned as federal environment minister to take a job as vice-chairman at the Canadian Imperial Bank of Commerce, with a salary widely reported as being in the seven-figure range.

“Will he have opportunities? The answer is yes. Will he have opportunities of size? I believe the answer is yes. With that comes appropriate compensation,” said Elan Pratzer, managing partner of Canada at the executive search firm Caldwell Partners. “He’ll land on his feet. I think he’ll be respected and coveted.” (more…)

Cisco’s New CEO Is an Insider, Sales Pro

May 5, 2015 -

Wall Street Journal: Cisco Systems Inc. named a new boss who seems a lot like the old boss. Chuck Robbins, who will assume the CEO job from John Chambers on July 26, shares many attributes of his predecessor—an upbringing in the American South, a strong background in sales and a warm personal style to court customers and rally employees.

Jim Bethmann, head of the high-tech practice at executive recruiters Caldwell Partners International in Dallas comments on Robbins and his dedication to Cisco. (more…)

Caldwell Partners’ rapid growth will not go unnoticed much longer

April 19, 2015 - TOP IDEAS: With revenues of $50 million plus, Caldwell Partners International (TSX: CWL) will now be on the watch list of strategic buyers which could value the stock at $2.30 and higher.

With a year-over-year revenue increase of 30% in Q2, Caldwell Partners International Inc. (TSX: CWL – $1.26) posted another strong quarter in fiscal 2015. But what has gone unnoticed: In the last 12 months this Company has generated about $50 million in sales, an annual revenue run-rate that, no doubt, will be exceeded by the time Caldwell Partners reports its fiscal 2015 results. (more…)

Insight – Banks see talent flee amid healthcare M&A boom

April 14, 2015 -

Reuters UK – Several high-ranking bankers have left their jobs at major investment banks in the last 13 months amid a surge in U.S. healthcare deal activity to seek better compensation at boutique investment banks as well as to participate in the growth of the industry at biotech companies themselves.

“The volume of transactions across healthcare is extreme and so the banker merry-go-round begins,” said Paul Heller, the leader of executive recruiting firm Caldwell Partners’ financial services practice. (more…)

BioScrip Nominates Three New Independent Directors

February 9, 2015 -

ELMSFORD, N.Y., Feb. 9, 2015 /PRNewswire/ — BioScrip, Inc. (NASDAQ: BIOS) (the “Company”) today announced that it will nominate David Golding, Michael Goldstein and R. Carter Pate for election to the BioScrip Board of Directors at the Company’s 2015 Annual Meeting of Shareholders (the “Annual Meeting”). Caldwell Partners assisted BioScrip’s Board in the director nominee search process.  (more…)

Boards Dip Below C-Level for New Directors

November 24, 2014 - Nominating and governance committees are delving deeper into large public companies to recruit both active and retired executives who have led divisions or served as functional leaders, rather than focusing solely on finding CEOs.

Search experts say that these directors, while not hitting the active or retired CEO bull’s eye, bring expertise in areas that boards are particularly concerned about such as IT or HR experience, or global expertise. At the same time, these directors are up and comers at their companies who could potentially become CEOs, and they’re often women or minorities.

Caldwell’s Bethany George comments on one of the potential challenges in doing this.

Click here to read the full article.

Traders are walking zombies on Wall Street

July 24, 2014 - The signs are everywhere on Wall Street. Trading floors that once buzzed with noise and energy are now as silent as cathedrals. Big firms that reaped huge profits from trading stocks, bonds, commodities and currencies are turning to staid money management to boost earnings.

Richard Stein, a partner in the executive search firm Caldwell Partners, sees this firsthand in his practice.

Click to read full article.

A Hunt to Find the Next Generation of Financial Planners

June 24, 2014 -

The New York Times: As both independent firms and large broker-dealers attached to investment banks try to expand their asset management businesses, they must figure out how to attract and retain a fresh pool of talent that is increasingly looking to find its riches elsewhere. Richard Stein, a partner at the executive recruiting firm Caldwell Partners, estimates that half of all advisers working today are within 15 years of retirement. “It’s a real problem for them because the only way they can grow their assets under management is by hiring new advisers, and there’s a limited supply.” (more…)

Wall Street Is About To Start Bleeding Traders

June 6, 2014 -

Business Insider Australia: The Wall Street jobs story everyone’s talking about today is in the Wall Street Journal, and it’s ugly. The gist is this — get ready for a mass exodus of traders from top Wall Street banks. It’s not hard to understand why. The market is quiet. As a result, trading — in bonds, credit, currencies, what have you — just isn’t the money maker it used to be. Head hunters like Richard Stein, senior partner at executive-search firm Caldwell Partners, told the WSJ that there are “too many people on these trading floors,” and that he’s starting to get calls from people that want to jump ship before they’re pushed out. (more…)