Industry: Healthcare & Life Sciences
The stakes are high when hiring for the C-suite and the process can seem complex—but it does not have to be. In this blog series, we will highlight best practices for interviewing executives, explore how interview panels should be structured and delve into how hiring processes can be streamlined to produce optimal outcomes.
In part one, we will break down the interview process, offering actionable tips to ensure your approach results in hiring the right talent. In the remainder of the series, we will dissect interview tactics across specific functional areas—including CEOs, CFOs, COOs, and Go-To-Market leadership.
Designing the Interview Panel
Creating a well-rounded interview panel is a necessary step in achieving the right hiring outcome. This means involving a variety of stakeholders to create a balanced and multi-dimensional panel—ranging from the CEO to investors, operating partners, board members, peers on the leadership team, and direct reports. A balanced interview panel enables the hiring team to assess how the candidate might collaborate with the broader team, analyze their core competencies, vet their technical capabilities, and evaluate their alignment with organizational culture and values.
While each panel’s composition and objectives will vary depending on the role, the following stakeholders are most common:
- CEO: Focus on evaluating the candidate’s strategic capabilities, cultural impact, and leadership style.
- Investor(s): Focus on how a candidate might complement the existing team, manage relationships with key stakeholders, and their ability to execute specific components of the value creation plan.
- Board Members and Operating Partners: Focus on assessing a candidate’s long-term organizational fit and their strategic capabilities. This can also be an opportunity to evaluate specific technical skills where a Board Member or Operating Partner might possess expertise.
- C-Suite Peers: Focus on leadership style, communication skills, and motivational alignment.
- Direct Reports: These should not be used on every interview panel. Direct Reports do not have hiring authority, so there are downsides to consider before including them in the hiring process. When included, they should focus on information sharing, outlining the current state of the function and organization, and serve as an example of the resources the new leader will have on Day One. Questions should focus on the candidate’s management capabilities, collaboration skills, and overall leadership approach.
Efficiency in the Process
Time constraints are a reality for both the candidate and the interview team. Running an interview process that allows for the thorough assessment of multiple candidates while maintaining a timely cadence is key to achieving a successful outcome. Here are a few tactics to consider that balance thoroughness with efficiency:
- Define the end-to-end process: Define the steps in the process, including which stakeholders are involved in each step. Be careful not to over-engineer the process and create too many steps. Consider what the candidate’s experience will be.
- Create a scorecard: The interview scorecard should define the critical experiences and attributes the organization is seeking in the new leader. Creating a structured feedback loop where interviewers provide their scores will reduce bottlenecks. This will help hiring teams stay focused on key competencies and support critical decision making.
- Mind the “shot clock”: The time “in process” matters. A 30-day timeline—from the first interview to the final hiring decision—is an ideal benchmark, particularly for competitive roles. Top talent moves quickly, and a drawn-out interview process risks losing high-caliber candidates to other opportunities. To quicken the pace, consider creating time for interviews outside typical business hours, like early morning or evenings.
- Leverage technology: Utilize virtual interviews for early-stage conversations and late-stage touchpoints to accelerate scheduling, create flexibility for busy executives, and reduce travel burden. Consolidate in-person interviews whenever possible. “Super days” (outlined below) are a great way to add in-person time.
- Super Days: Organize in-person “super days” where candidates meet multiple stakeholders in a single day, reducing the need for several rounds of in-person interviews. This approach not only saves time but also allows hiring teams to assess consistency across multiple conversations while the candidate is top of mind.
- Start referencing and assessment early: Do not wait until a finalist is selected to begin reference checks. Initiating informal referencing earlier in the process—such as after the first or second round—can provide deeper insights into a candidate’s background and help inform decision-making before the final stage. If utilizing psychometric testing, leadership assessments, or other third-party evaluations, integrate them early in the process to avoid unnecessary delays.
Interviewing for the C-suite requires a strategic, well-structured approach that balances efficiency with depth. By assembling a well-rounded panel and streamlining the process for both candidates and hiring teams, organizations can make informed, high impact hiring decisions.
In the next part of the series, we will unpack how interview panels should be composed and the key objectives to evaluate based on functional role, from CEO to CFO, COO and GTM leadership.
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