Exit Interview by Patrick Donegan #145
For some time, I’ve been looking for one “source” that curates modern takes on HR Tech, perspectives from the people who build it, and its impact on enterprise — something that’s tailor-made by professionals for decision-makers.
I never found it — so I decided to build it.
Every week, I’ll be sharing fresh insights on tech platforms, design, data, and the future of work — straight to your inbox.
My Thoughts
KPS Capital Partners is a private equity firm that acquired the TaylorMade brand back in 2017 for $425 million. Less than five years later, it sold the company for $1.7 billion — tell me that’s not a masterclass in strategic investment and value creation. ?
KPS’s approach was not just about acquiring and flipping an asset for profit; it was about deeply understanding the brand’s potential and meticulously cultivating it to realize that potential. ?? This strategic depth is something HR leaders can learn from when looking to drive significant transformations within their organizations.
The key to KPS’s success was its targeted approach. ?? By dramatically reducing the number of endorsement deals and focusing on those that offered the highest return, KPS not only optimized operational costs but also repositioned TaylorMade as a premium brand in the golf industry. This is similar to the HR strategy of focusing on high-impact roles and team members who drive disproportionate value ?? — those who not only fit the culture but elevate it, those who not only meet job expectations but reshape them.
In essence, KPS transformed TaylorMade by making hard, strategic choices that prioritized long-term value over short-term gains. As HR leaders, let’s draw inspiration from this and champion a culture where strategic foresight, bold decision-making, and alignment of human capital with core business objectives are at the heart of our practices. This is how we create enduring value in our organizations. ??
Tech Innovation
Greenhouse, a leading hiring platform, partners with Grayscale to offer texting and automation solutions for seamless high-volume hiring.
Hireology, a leader in talent acquisition, has been named a Platinum ATS Partner with Indeed, strengthening talent sourcing for industries like retail and more.
HiBob introduces Bob Hiring, an integrated Applicant Tracking System (ATS) linking candidate, employee, and business data for optimized hiring decisions.
领英推荐
The Changing Workplace
The recent legislative changes in California, mandating a $20 minimum wage for fast-food workers, have set off a transformative ripple effect across various industries. This new law not only boosts wages for frontline workers but also necessitates a consequential salary adjustment for managerial positions, ensuring they earn double the minimum wage. HR professionals are now tasked with finding a balance between compliance with the new wage standards and maintaining competitive advantages in a tight labor market.
Ultimately, the challenge for HR will be to leverage these changes as a catalyst for positive organizational transformation, ensuring that businesses not only adapt to new legal requirements but also thrive by attracting and retaining top talent through a more motivated and engaged workforce.
All About Data
In the U.S., high healthcare costs are impacting workforce productivity. In the Hidden Lives of Workplace-Insured American survey, Paytient found that 40% of Americans delay care due to costs, while 1 in 6 report work suffering due to unaffordable healthcare. As the cost of care rises, employers must make sure their healthcare plans are affordable and accessible to employees. With $220 billion in medical debt and uncertainty around healthcare costs, investing in usable health plans is crucial. Employees' well-being and productivity depend on it.
Here are some other notable stats from the report:
You can read the full report here. ??