Senior Executive Market Updates – Planning for 2023
For Senior Executives, planning a new career move is a challenge to fit the exacting personal requirements of business sector, location, package and the increasing demands of flexible working. Equally the organisations looking to a new appointment are also searching for that “needle in the haystack” who will transform business performance or successfully manage an operation into the future.
InterExec have almost 50 years unique experience in helping to bridge that search gap and provide the personal and confidential support and guidance that successfully finds Senior Executive clients the ideal new appointment.
Whilst the news is dominated by Mid-Term Elections in the US, Cop27, global inflation and the continuing war in Ukraine, the Senior Executive recruitment market shows no sign of significant slowdown.
CFO level candidates with background across Technology and FinTech are increasingly in high demand in the UK and Europe. Specifically, those with a track record of setting and enacting a trajectory of growth.
The global InterExec network indicates those with experience driving sustainable, long term growth are actually more in demand than those with a track record of preparing a business for exit.
The market internationally is also showing a notable uptick in requests for NED / Chair profiles, specifically those with broad international experience. There is also a higher demand for women looking to explore such opportunities.
The market in Asia is relatively buoyant across all sectors / disciplines, however there is currently a stronger preference for local talent as opposed to Western expats.
Whilst there is a perception that employers in the UK are deferring some hires until there is more certainty in the market, the situation in the US, EU and Middle East / Africa continues to be highly active.
On the positive side, specifically in the UK, an uncertain market with inflation and the potential for recession can create pockets of opportunity.
For instance, roles in the areas of Risk, Cyber Security, Change Management, Business Transformation / Digitalisation, FS and P, PE and M and AI which reflect macro developments are all currently highly active.
Additionally, prominent Venture Capitalist Bill Gurley at Benchmark (which has backed companies such as Uber) said the downturn could breathe new life into start-ups that for years have struggled to prise away top talent – his Tweet ‘Best time in 15 years to start a company’.
Senior Executive technical roles are also clearly in evidence – in the areas such as Tax, Data Management and NED roles requiring specific experience. CFO roles in Financial Services and PE are also very much onstream as well as Corporate Finance / Corporate Development generally.
Requirements in the Energy Sector continue, as do a wide range of Senior Executive roles in IT particularly in the US, Europe and Middle East.
In planning for your next career challenge this is an ideal time to get that process underway to take advantage of the surge in appointments Search Consultants now have mandates for. Please, do not hesitate to get in touch with the InterExec team, at any time up to 6 months prior to when you hope to move.