In a series of reviews from key industry reports detailing the number of permanent placements across the UK, times seem more challenging to move roles. The knowledge can appear daunting, moving positions is already a stressful challenge and there are many hurdles to face. This is especially true for senior executives where the number of vacancies falls and competition rises. Yet, there is much to suggest this is actually the prime time to consider a change.
There are a number of factors that could explain the current state of the market, or political uncertainties. However, the impasse in the market will start to change as we move into Q3 and 4, seeing politics stabilise as the new government is in place and Brexit becomes a reality (allegedly!).
Additionally, senior level vacancies within companies has increased. With companies hiring less but permanent and flexible vacancies increasing, companies are now more selective and cautious in their approach, with many are simply waiting for the prevailing political wind to blow over. Despite the changes within the market, one thing is clear – 2019 is the year of the candidate.
If you are considering a move, this is the perfect time. With more vacancies available this year, it becomes a question of not when but how. It is clear that companies are now more scrupulous and processes more rigorous. Navigating this is the challenge, but it means it is for the candidate to adjust to market demands.
For senior executives, finding the right role is crucial, from knowing where to look, finding the right time, to facing the competition. This is where Executive Search firms can help, they can help you focus your search, know what companies are looking for and guide you through the process.
Despite the reports, executive search firms are still helping people make the next steps in their careers. Indeed, the market has been steadily increasing by 2.6% over the past 5 years and is forecast to continue.
-The KPMG and REC, UK Report on Jobs: South of England May 2019
-The KPMG and REC, UK Report on Jobs: May 2019
-The Decision Maker Panel (DMP) (Bank of England) Investment Report May 2019.