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Heidrick & Struggles (Nasdaq: HSII) as we speak introduced it has closed the acquisition of Business Talent Group (BTG), a number one market for high-end impartial expertise on demand. With this acquisition, Heidrick & Struggles turns into the first international management advisory agency to supply the full spectrum of government and high-end expertise options – from on-demand, impartial professionals to interim executives to everlasting placements – along with its consulting companies.
The addition of BTG enhances Heidrick & Struggles’ strategic development initiative to increase its suite of government expertise options to deal with new and ongoing shopper calls for and builds on a profitable two-year unique collaboration with BTG that started in 2019. BTG will proceed to be led by Co-Founders and Co-CEOs, Jody Greenstone Miller and Amelia Tyagi, and function as a completely owned subsidiary of Heidrick & Struggles.
Krishnan Rajagopalan, President and CEO, Heidrick & Struggles, acknowledged, “Heidrick & Struggles was a forerunner of the government search trade when the agency was based greater than 65 years in the past. The seismic adjustments over the previous yr have accelerated the future of work and underscored the significance of agile leaders and workforces. We are excited to be the first international management advisory agency to enter the on-demand, impartial expertise house and companion with BTG, a frontrunner and pioneer of the high-end impartial expertise market.”
Rajagopalan continued, “The high-end impartial expertise market continues to develop, and that development will solely improve as demand for pace, agility and adaptability in closing important management gaps rises. Our two-year collaboration with BTG served as a extremely profitable proof of idea for the on-demand, impartial mannequin at the government degree. By combining our premier international government search capabilities with BTG’s unmatched on-demand market for impartial professionals, we’re uniquely positioned to satisfy all of our purchasers’ expertise wants, whether or not it’s an instantaneous project-based position or a everlasting placement.”
Jody Greenstone Miller, Co-Founder and Co-CEO, BTG, stated, “Heidrick & Struggles is a real innovator and visionary in its recognition of how the rising use of impartial expertise, notably at the government degree, and the paradigm shift in attitudes towards on-demand and distant work are benefitting purchasers and expertise alike. Companies more and more acknowledge that they should faucet on-demand, impartial expertise for important project-based assignments, a development which the pandemic has superior.”
Miller added, “Heidrick & Struggles’ government search capabilities mixed with our on-demand, impartial expertise market brings the future of work to firms proper now. Blending the capabilities of a revered international chief in government search with BTG’s on-demand, impartial expertise market will enhance BTG’s means to scale globally and create thrilling new alternatives for each BTG’s and Heidrick & Struggles’ purchasers. BTG seems ahead to persevering with to convey this new human capital infrastructure to a broader group of purchasers to assist them get advanced, mission-critical work executed, whereas additionally giving high enterprise professionals – who more and more are selecting to work independently – entry to extra nice initiatives.”
BTG will proceed to supply purchasers seamless on-demand entry to high impartial expertise, together with professionals with deep trade and useful experience for interim management roles and significant, project-based initiatives, comparable to performing a market evaluation, creating an ecommerce technique, standing up a PPE provide chain or putting an interim CHRO to arrange for an IPO. BTG’s market and distinctive mannequin ship the proper impartial expertise on demand by mixing proprietary information and expertise – together with the personal and confidential First Look ® project-bidding platform that ensures the best pricing – with a devoted Talent Solutions staff.
BTG’s fourth annual High-End Independent Talent Report underscores how main firms are turning to impartial professionals to fill important talent, experience and management gaps for a spread of specialised mission-critical initiatives. In specific, the report exhibits the use of impartial expertise rising at senior ranges with almost 69% of all requests coming from VPs and above, together with 30% from the C-suite, a rise of 67% yr over yr.
Terms of the transaction weren’t disclosed.