SMALL BUSINESS SPOTLIGHT: M3 Placement and Partnership thrives during uncertain economy

M3 Placement and Partnership, an Albany–based recruiting firm that services areas that include the Mohawk Valley, says it would like to expand its outsourced-recruitment (RPO) services, or what is also known as recruitment-process outsourcing.  It’s a division of the business that offers outsourced-recruiting services to companies “looking place a high volume of candidates in open roles,” Amanda Bogorad, VP of marketing for M3 Placement and Partnership, tells CNYBJ in an email.  The company also wants to increase the number of executive searches and direct placements that it’s involved in during 2024.  “So far this quarter, we have already added new clients and are seeing a number of successful searches,” Bogorad adds. M3 Placement and Partnership also says it has “doubled in size” over the past five years, both in its employee count and revenue generation, although declining to disclose specific sales figures. The business has also been awarded Minority and Women-Owned Business Enterprise (MWBE) recertification from the state, along with the U.S. Small Business Administration Upstate New York District’s Women in Business Champion of the Year award for its CEO’s “unwavering commitment to women entrepreneurs,” per M3’s Feb. 6 announcement.  “We attribute this growth to our integrated services model that looks to understand the root causes of a company’s challenges and our highly talented team’s dedication to delivering exceptional customer service,” Mary Malone McCarthy, CEO and founder of M3 Placement and Partnership, said in the announcement. “Whether a company is in a stage of transition or high-growth, or they’re searching for stability during a fluctuating market, we’re able to help companies thrive with the talent they need to achieve their long-term vision. At the end of the day, all companies start and end with the right people in the right positions.” Launched in 2012, M3 Placement and Partnership offers executive search, direct placement, and recruitment-process outsourcing services to clients in industries such as health care, professional services, renewable energy, nonprofits, and manufacturing.    The majority of the M3’s 20 employees live and work within the Albany, Rochester, Utica, and Saratoga Springs areas, the company said.  “Our philosophy is to learn the why behind each company, understanding not just the needs of the position but also the strategy and vision behind the decisions that have made the company who it is today,” McCarthy said. “Because of this philosophy, we’ve attracted some incredibly talented experts that really want to be a part of this growth journey with us and are thrilled to match top talent with the top talent of our region.”  Over the past two years, M3 says it has placed more than 60 individuals in executive and direct search positions and more than 800 individuals through its outsourced recruitment-process service. Many of its clients utilize a combination of services to meet their business needs and strategically grow as an organization.  “My father was an entrepreneur, mentor, and an incredible guiding force in my life. From an early age he taught me to care passionately for your team, customers, and community while living by the phrase ‘do a little more, a little better every day.’ Much of my success today is based on those life lessons and the exact philosophy I’ve applied to M3,” McCarthy said. “We have so many repeat clients that seek out our services year after year, in addition to our ever-growing list of new clients, many of whom we become connected with via referrals from current clients. In a time when the economy has been so uncertain, I think this really speaks to how much companies rely on a trusted partner to help them find talent they can navigate these uncertain waters with.”  Prior to launching M3 Placement & Partnership, McCarthy spent more than 15 years as senior VP at Northland Communications, a company her family owns. She was responsible for the firm’s public relations, marketing, and customer relations. Before her service with the family business, McCarthy worked as a regional manager for the staffing unit of Olsten Corp. in Albany, which Adecco, a Switzerland–based staffing company, acquired in 1999.