Senior Executive Market Updates – Market Heats Up
As a Senior Executive, hunting for your next major challenge will always be a critical time. Across all business sectors the senior roles are rarely if ever advertised and despite the network of Search Consultants one might personally know, the ideal mandate will almost certainly be outside of your own contacts.
InterExec have spent over 45 years advising and working with Senior Executives across all business sectors and geographies in their search for the next key challenge. The InterExec network of Search Consultants is in excess of 15,000 and regular communication with that network provides InterExec with up to the minute market information as well as detailed knowledge of current mandates by sector and region.
A leading Executive Search company who are part of the InterExec network state that the market continues to heat up. Following the busy 2021 in North America and Europe, they’re happy to report that Asia is up significantly in 2022. Seems the expansion is broad and active in every sector and function in the industrial space.
The InterExec network also report the Oil & Gas market is specifically active. The major companies are making more money, which translates into opportunities. Mandates range from blue chip companies to entrepreneurial Oil &Gas organisations.
The feedback also advises strong activity in downstream Oil & Gas and Petrochemicals Asset Financing.
The high tech industry is active across Semiconductors, Microelectronics, Quantum Computing, Engineering, Battery Technology, AI and Machine Learning.
Across the Financial Services / Professional Services areas there is clearly substantial growth in the Business Change / Digitalisation areas. All the major Search Consultancies seem to be seeking Senior Executives.
Search Consultants covering Renewables, FinTech, Risk, Compliance and Regulation remain highly active at the senior level.
From a country perspective the UK, Europe and the US remain especially busy and there is media focus on future potential opportunities in Singapore as there is some switch away from HK.
Some Developing Trends
In response to the geo-political events and the current economic climate there is not surprisingly a degree of strategic uncertainty in some business sectors.
One positive of this is that the Interim and Contract market is increasingly active at the Senior Executive level with organisations looking for immediate solutions to their issues.
There is a continuing drive within Diversity & Inclusion for experienced Senior Executives across all sectors / disciplines.
The InterExec network reflects an increase in Search Consultants penetrating the market in the US, in part possibly due to the shorter turnaround in notice periods in comparison with EU / UK markets.
Organisations increasingly have a more flexible approach to where the right Senior Executive can be based and this has allowed access to a wider pool of talent.
The unique InterExec process combines a comprehensive planning stage and the implementation of introductions to the key Search Consultants who are known to have mandates that fit the profiles and expectations of the Senior Executives InterExec represent.
In searching for your next key challenge please do not hesitate to get in touch with the InterExec team.