March 15, 2018

Recruiting non-family members into a family business is key to business continuity

As family businesses have grown, they have focused on professionalising their operations and implementing key corporate governance measures to ensure business continuity. A critical step in making that change is the recruitment of non-family members into strategic management roles. Bringing outsiders into a family business poses unique challenges and requires the employment aspects of the process to be carefully considered and well-documented. This article covers the steps family businesses can take to cover the risks involved in recruiting outsiders into the business.