How do you hire for growth without over hiring?

That's part of what I spoke to Karl Sharman, Head of Talent at Forgepoint Capital, about in this episode where he shared his perpective on the following:

• Why paying attention to ARR/Revenue per employee is so important and the alarming trend he saw happening 2H of 2022
• The role of talent management and why he advices their porfolio companies to focus on performance efficiency
• How he helps their Founders/CEO to understand what great talent management looks like 
• Why it's important that Forgepoint Capital invest in Founders and CEO's that are coachable
• What he looks for when evaluating CROs
• Why having the proper organizational design is so critical to managing burn rate

All that an more in this episode. 

Karl Sharmans Linkedin Profile

The Southampton Football Club (00:01:10) Discussion about the guest's experience and role at the Southampton Football Club.

Talent Spotting in Football (00:03:50) Talent spotting process and decision-making in football recruitment.

Transition to Forge Point Capital (00:07:41) Karls transition from the football world to working with Forgepoint Capital.

Forge Point Capital's Investment Focus (00:10:07) Overview of Forgepoint Capital's investment focus and portfolio companies.

Talent Acquisition and Performance Management (00:15:03) Discussion on the shift from talent acquisition to performance management and its impact on companies.

The portfolio benchmarking (00:19:14) Discussing the mixed portfolio and the benefits of sharing data and benchmarking for better understanding and decision-making.

Performance management and development (00:21:32) Exploring the positive aspects of performance management, including employee development, and dispelling negative connotations.

Culture and talent management (00:23:24) Discussing the impact of culture, naming, and positive language in talent management and the importance of coaching and educating founders and executives.

Coaching and influencing founders (00:24:23) Exploring the role of coaching and influencing founders and executives in making informed decisions and having a positive impact on their companies.

Distribution of organization (00:27:07) Examining the distribution of organizational resources, particularly in relation to engineering, and the importance of achieving a balanced organizational design.

Measuring the value of a CRO (00:30:03) Introducing the concept of valuing a Chief Revenue Officer (CRO) and discussing the criteria for measuring their impact and success.

Factors affecting CRO tenure (00:31:24) Exploring the reasons for the average 17-month tenure of CROs, including transparency, expectations, and onboarding, and the importance of context and experience in evaluating CRO candidates.

Attributes of a top CRO (00:37:47) Discussing the qualities and attributes of a top CRO, including energy, positivity, and previous experience, and the importance of building scorecards to identify top candidates.

Tom Brady and NFL Player Comparison (00:38:40) Comparing Tom Brady's role in NFL to hiring the right candidate for a company.

Onboarding Responsibility (00:39:43) Discussion on the responsibility of onboarding new hires, particularly for CEO and CRO positions.

CEO's Role in Onboarding (00:40:22) The importance of CEO involvement in onboarding, with a reference to Elon Musk's approach.

Motivation and Impact (00:43:28) Discussion on what motivates the speaker and the impact of making a difference.

Long-Term Goal: Becoming CEO of Disney (00:44:44) Karls ambition to become the CEO of Disney and the long-term goal associated with it.

Community and Collaboration Impact (00:48:42) The significant impact of community and collaboration on the speaker's career and business operations.