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  "documentTitle": "ey ivca monthly pe vc roundup december 2022",
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  "notes": "Page 18 of a report titled 'Preparing for the NextWave of Private Equity'.",
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      "text": "The PE workforce of the future will be more digitally focused and more diverse, to capture new perspectives and move the industry forward.",
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      "text": "For the first time ever, there are four generations co-existing in the workforce: traditionalists, baby boomers, Generation X and millennials. It is clear that new entrants to the workforce have differing expectations to previous generations.",
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      "text": "Even before COVID-19, PE firms were beginning to consider the workforce through a fresh lens, and the pandemic has accelerated thinking about a comprehensive talent agenda at their portfolio companies.",
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      "text": "The combined effects of globalization, demographic shifts, technological advances, the COVID-19 pandemic, and increasing regulation mean that companies are looking to create more agile and adaptable workforces.",
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      "text": "Going forward, organizational design will need to be adaptive and resilient, allowing the organization to quickly and effectively deploy and reallocate resources as strategy and needs shift.",
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      "text": "Purpose-driven, socially responsible organizations have become magnets for young talent. The definition of \"employee\" now encompassing full-time, contingent, remote, and even robotic.",
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      "text": "This will need to be reflected in their recruitment strategy, as future PE firms will differentiate themselves from their peers by attracting, retaining, and developing digital-savvy and diverse talent focused on realizing value.",
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