Team Moves

In some parts of the financial services industry ìTeam Movesî have been an endemic part of the recruitment landscape for a number of years. In management consulting circles there is an equally long, though less widespread precedent and currently a very strong demand for such transactions from both employers and candidates alike.

For an employer the benefits are clear ñ the ability to scale up existing capabilities quickly or to ìbolt onî new but complementary offerings for their client base will add value. This competitive advantage will be magnified further if it can be achieved at the expense of a major competitor! The potential revenue streams and resources will be clear and the business case unambiguous.

Equally, for the potential team members there are compelling arguments. At the more senior levels an opportunity to negotiate their preferred operating mandate and a confidence in existing capability and revenues; at the more junior levels an opportunity to continue working with, and learning from, existing mentors and to maintain senior sponsorship in a new organisation.

Clearly though, there are potential hurdles which can include:

Non compete, non solicitation and non-dealing restrictive covenants within contracts of employment.
The potential issues of who to involve and at what stage of the process, along with the subsequent management of the prospective interview process.
The preparation of a compelling business case and a proposition to fit a specific set of circumstances.

With a good understanding of the practicalities and pitfalls, these potentially hazardous waters can be successfully negotiated, turning your utopian vision into a very achievable goal.

Prism is experienced in dealing with team moves of varying sizes, across a variety of functional disciplines within consulting. For more information or a specific discussion about a team move, please call Keith Evans on 01784 446 555 or email him at kevans@prismrecruitment.com.