b'ILPA PRIVATE MARKETS EDGE Q1 20218 9TAKE ACTION - LP TALENT TAKE ACTION - LP TALENTUPCOMING ILPA LP TALENT Widening the LensExpertCONTENTILPA is developing a staffing model resource to help LPs better understand and deploy the model on Talent Perspectivethat suits their investment programs needs. Stay tuned for this ILPA Talent Content in 2021. Going beyond compensation, LPs should reflect on: staffing models, talent management, hiring strategies and HR. THE EMPLOYEE VALUE PROPOSITION: Expert Interview with Renee Neri, Compensation Representingthehighestflightriskgroups,1-in-3Partner, Heidrick & Strugglesprofessionals with (I) less than two years experience andHearwhatReneeNeri,Headof with (II) 11 to 15 years experience are likely to leave theirtheHeidrick&StrugglesAsset organization.LargerorganizationsarebetterresourcedManagementsectorforthe tohandleturnoveratthesetenurelevels,whilesmallerAmericas,toldILPAabouthow organizations tend to struggle.intangiblebenefits,including program mission, opportunities for TALENTINSIGHT-Engagetheseemployeestogrowth and leadership, and travel, Staffing understandwhatdrivesthemandwhatopportunitiesstack up against cash compensation Models may be available for their career path; if turnover is part ofin the employee value proposition, the organizations plan for junior staff, emphasize trainingandifCOVIDhasaffectedthe and development to prepare for departures.traditional balance.CLICK HERE TO WATCHMore than a quarter of LP professionals who left their jobs in the last year cited a lack of opportunity for professional development.MisalignmentbetweentheinvestmentGET INVOLVED ON LP TALENT programs needs and an individuals growth objectives can also lead to dissatisfaction and turnover. Talent Management TALENT INSIGHT - Consider implementing or furtherGATHER WEIGH-INtailoring professional development opportunities for staff (e.g., mentorship and education like the ILPA Institute),Last Chance to Register!Register Now!All members are eligible and andwherepossible,considerinitiatingaconversationTalent Talks Virtual MemberTalent Talks Virtual Memberencouraged to participate in with high performers on expanding their opportunitiesRoundtables on Compensation Roundtables on Structuring ILPAs next LP Compensation (e.g., rotational assignments and leadership coaching). Click Here Your Team Surveycoming to your inbox Choose between two time-slots:Click Here Summer 2021, publishing Chose between three time-slots: November 2021. The Level of Joy and Meaning in ones work were criticalThursday, March 4, 2021Hiring to an employees decision to stay (29% cited it as a factor),1 PM2 PM EST /Asia: Wednesday, May 5but was far less frequently cited as a competitive advantage6 PM7 PM GMT 11 AM12 PM JST / To get involved in in hiring talent (15%).2 AM - 3 AM GMT ILPAs work on LP Tuesday, March 9, 2021TALENTINSIGHT-Beexplicitaboutdefiningthe8 AM9 AM EST /Europe: Wednesday, May 12 Talent, contact Katie organizations culture, values and its ultimate definition1 PM2 PM GMT 1 PM - 2 PM GMT Barber at ofsuccess.EmbedthesediscussionsthroughouttheNorth America: Thursday, May 6HR recruitmentprocess,emphasizingthemissionofthe1 PM - 2 PM EST /KBarber@ilpa.orgorganization and its commitment to its people. 6 PM - 7 PM GMT'