I get asked that question a lot at the moment! It can change daily / weekly but there are some trends that we are seeing across several businesses:
Right-sizing – Companies are looking at their teams and positions and cutting their cloth accordingly. Some of this was overdue and some brought on by the pandemic
Diversification of Revenue Streams – Digital, e-comms, New services, Delivery, Franchise, International Growth – candidates who can bring solutions to businesses are very much in demand
High potential, adaptive individuals – a lot of the clients we speak to have had to (or will have to) change their business models pretty dramatically. Initially everyone hoped this was going to be 6 months. I heard one industry expert talk last week about 2024… There are going to be plenty more developments to keep us all entertained.
Multi-skilled – especially at executive level. We have seen an increase in hybrid roles. There was a strong trend towards this in 2019 where we placed several candidates who could look after multiple functions. As an example: Operations, HR and Training or a COO looking after operations, technology and support chain or a Commercial Director looking after sales, marketing, ecommerce and growth. Smaller management teams with less hierarchy and politics who are more efficient and a closer team.
Below are some examples of candidates who are high potential and multi skilled:
Chief Information Officer / FM and Retail
Managing Director, London/Bristol
Chief Marketing Officer / Commercial Director
Operations Director / COO
If you would like to have a chat about what is happening on the market and the types of individuals who can help your business through these challenging times, then please get in touch.
Krishnan +44 7891 250 850
Date Published: 13th October 2020