The demand for top leaders increases
Companies are desperate to recruit outstanding leaders for their top positions, which can be seen by the sharp rise in the number of requests for senior executive candidates who have the complete package of leadership qualities.
There’s been a 20% increase in the number of search assignments we’ve received, and a more-than-30% increase in the number of enquiries and requests for executive search services compared to 2012.
2014 is the year for senior executives who’re looking for other jobs
Despite the glum outlook at other levels of employment, and weak economic forecasts, 2014 is looking positive for senior executives considering a move - a definite departure from the gloom anticipated at the start of years past.
This upward swing is primarily driven by positive macro-economic factors, as indicated by a stronger US economy, recovering house prices in the UK, and impressive JSE performances.
In South Africa, the situation is a little more sobering. The outlook for GDP growth is bleak, an upcoming election looms, blue collar unemployment levels are high, and BEE and transformation remain an ongoing challenge. In addition, several sizeable corporations went on significant retrenchment purges, shedding middle management jobs in 2013.
The list of reasons to panic is long.
While all of the above reasons are concerning on many levels, these issues are unlikely to impact on hiring at senior management and executive levels. In fact, if recent trends are taken into account, it will have the opposite effect.
The demand for quality executive search capability is expected to continue even in the face of corporate cost-cutting, online recruitment tools and an increase in internal corporate recruitment.
The ongoing need for resources in Africa and continuing pressure for BEE transformation in South Africa will drive the rise in demand - particularly in sectors such as energy, resources and industrial services.
Top companies want more than just technical skills or relevant qualifications
These companies are demanding and expecting people with the 'full package', which means:
- Great leadership skills,
- Great EQ,
- Exceptional commercial capabilities and track records,
- Stakeholder engagement expertise, and
- Exposure to risk management and governance.
It seems that identifying leaders who boast the full house of skills is a daunting task that continues to be left to the professionals.
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Author: Debbie Goodman-Bhyat is the founder and managing director of Jack Hammer Executive Headhunters.Debbie has received a BA.LLB from the University of South Africa. Debbie specialises in Executive searching in: financial services, retail, FMCG, engineering, resources, oil & gas, biotech and pharmaceuticals. |
