For the last few years we have been using our bespoke, on-line job spec diagnostic tool, the Equity IQ, at the start of our CFO, FD and FC retained recruitment processes to good effect. We are now pleased to say that we have launched a new tool alongside this, specifically focused on hiring the Chair

Both the tools take the form of on-line questionnaires which take only 10 minutes to complete and have been developed in collaboration with Mike Hicks at Catalysis from a close analysis of the role specifications in over 100 finance and 50 Chair briefs we have worked on.

From this analysis we have  developed very complete lists of questions which we make available to up to 4 of the hirers at the beginning of the assignment.

It asks respondents individually not only to consider what is required but also to rate how important each skill or deliverable is relative to each other. As both the Finance and the Chair IQs were developed from hires into very similar situations, most often an investor backed, exit driven business, they enable respondents to triangulate their thoughts with those other hiring processes, as well as effectively allowing us to ask many more questions than we possibly could face to face.

As it is completed individually by each respondent and results are received by us and put into a report, it also has the very real benefit of allowing input from all interested parties. This illuminates areas of both consensus and difference at the beginning of the assignment, rather than some way down the line, ensuring the best possible chances of success.

As teams are often working remotely at present it ensures that all of their views and thoughts are incorporated and can be an aid to enabling members of a team to see the value in a role rather than just the cost of it.

For more information on the use of the Finance and the Chair Equity IQs, please do feel free to get in touch with either Sarah on sarahhunt@equityfd.com  or Cindy Casciani at cindycasciani@equitychair.com