Katie Insley, Associate Director, explores the second quarter of the year and discusses the uplift in HR opportunities across the Netherlands.
There have of course been significant challenges in some industries, but many have reported growth plans, especially in the second half of the year.
We continue to be in a candidate-led market where the competition for talent is still significant. Businesses must place attention on their employee value proposition in a bid to keep their best people, ensuring they have a working culture and environment that responds to their employees' needs, such as hybrid/flexible working and employee wellbeing initiatives.
We also continue to see an investment in Compensation & Benefits functions, as rewarding employees in a competitive and attractive way remains a key tool to retain top talent.
A good number of organisations have gone through reorganisation activities, and - while this has led to decreases in some traditional HR roles - it has caused an increase in the positions more aligned to the future of HR and where it can add the most value to a business.
These have included roles focused on talent and HR intelligence, where businesses are looking for individuals who are great with data, but who can translate this information into meaningful stories that allow for better decision making.
A focus on HR technology continues, but through the lens of employee experience. How can a business have seamless processes enabled by tech that make an employee’s interactions with HR as easy as possible? This again requires a different skillset, where individuals must not only be great at system optimisation and process improvement but must be able to focus on the user experience, too.
If you’re interested in finding out more about the current recruitment landscape, please reach out to me at: [email protected]
“The recent Surgeon General report on Mental Health and Well-being reports 81% of workers say they will be looking for workplaces that support mental health in the future.”
Leaders are discussing how they can be deemed an employer of choice in the market, while taking into consideration the growing demand for a hybrid working model and promoting the importance of wellbeing to all, as we establish and adapt to post-pandemic working life.
Post-COVID life has taught many of us how to adapt amid chaos; to change the way we think about our working environment and to re-evaluate what employees value most throughout their careers.
Some believe a shift towards a hybrid working environment - with a focus on mental health and wellbeing, as a staple to the typical compensation & benefits offered - is well overdue and that COVID-19 accelerated the speed for this change, leaving companies unnerved with an increased demand for the new way of working.
Many enjoy the flexibility of working from home and the time saved by not commuting, while others have felt isolated and find it difficult to focus when alone, without peers in their office environment. Supporting hybrid working employees is what businesses are finding most challenging.
“WFH was not particularly prevalent in the euro area before the onset of the pandemic in March 2020. According to Eurostat data, 85% of employees had never worked from home in 2019, a small decrease from 92% in 2000. The COVID-19 shock led to a sudden increase in demand for WFH policies that would allow the majority of employees to work from home at least once per week.”
The workforce has spoken and continues to say that working an odd day from home is no longer a perk of the job, but is indispensable. Where some companies were reactive in putting measures in place for colleagues to work from home, it is now considered the new normal - not an exception.
Some businesses, however, continue to request that colleagues work in their office environment full time, which now begins to feel redundant given the current market.
What are the benefits to working from home?
Of course, there are benefits to working in the office:
In light of the above, it is worth asking the question: How do we create an environment for all, so all feel welcomed and comfortable to work from home if they choose to, as well as work in the office, while ensuring engagement and productivity remain high?
Equally, gone are the days where employees worked relentlessly and tirelessly to get the job done. Candidates, especially, are on the lookout for companies that are creating workplaces that value mental health and wellbeing, and are setting boundaries for themselves, to ensure their work-life balance remains intact throughout their career.
Does your business promote a flexible working environment that candidates are looking for?
Do you stand out in the market as an employer of choice?
If you would like to explore any of these topics in more detail, please reach out to Katie Insley, Associate Director in our HR recruitment team, for a confidential discussion: [email protected]
After a buoyant start to the calendar year - and advising on how to successfully hire in an evolving and competitive market in our last newsletter - it seems topical to focus on how to attract and engage top talent.
The competition for talent will likely remain fierce this quarter, as – in addition to attrition – annual budgets are approved, and more companies will be seeking additional talent to support their growth and initiatives.
Of course, it’s important to consider a competitive salary, the working environment, career progression, Environmental, Social and Governance (ESG) initiatives, and recruitment timeframes for the candidate journey.
But how can you find suitable candidates in the first place? What can companies do to encourage candidate engagement? What should candidates be doing to find the best opportunities?
We’re noticing that – typically – the best candidates are not applying for jobs directly.
It is often quoted that men apply for a job when they meet only 60% of the role requirements, whereas women apply only if they meet 100%.
This can also be applied per discipline, with skills insights suggesting that Finance & Accounting professionals are more likely to apply for a role if they meet 100% of the criteria. This, coupled with a market where candidates are in demand and regularly approved, means that candidates with this skillset are much less likely to apply for suitable roles.
With that in mind, how do candidates filter through the noise of job opportunities to find the right role for them? How can employers best present themselves to as wide and diverse an audience as possible?
This is where partnering with EMEA Recruitment can really add value.
Attract candidates through networking & referrals
With such competition for candidates in the market, networking and referrals are fast becoming the best way to attract and engage with top talent.
With 15 years’ experience in the Dutch market and an ever-growing network, we are actively speaking to and engage with Finance & Accounting professionals – all day, every day. This focus allows us to understand individual requirements (personal and professional), and to proactively connect people and opportunities by providing colour for candidates on the company, team and role.
Use inclusive language
Did you know that the words you use are also important? We are mindful to consider the wording of job advertisements to keep them as open and attractive to as wide and diverse a talent pool as possible, and not draw on unconscious biases that could exclude certain candidates.
We also have a library of Executive Interviews with senior leaders to five insight to the people and leadership behind the brand – this is a great way to showcase a company and give tangible insights to attract top talent.
For candidates, being open to conversations on what is available is a big thing – timing might not always be right, however, how do you know what you are doing is the best thing for you if you don’t know what else it out there?
Our podcast series, sharing learnings from senior leaders, often talks about making the most of opportunities; the journey doesn’t always go the way it was planned.
To discover how we can help you, whether you are looking for talent or open to opportunities (or perhaps both!), please contact Georgia Wright, Associate Director, for a confidential chat: [email protected]
Keely Straw, Associate Director, discusses the relevance of an EDI strategy and offers an insight into the ED&I Roundtable we held in Zurich.
In October, EMEA Recruitment partnered with Rubén Ramirez, Group Head Diversity and Inclusion at Syngenta, for our first ED&I Roundtable in Zurich.
This was an exclusive group, where leaders in ED&I across Switzerland gathered to discuss:
The session was very engaging, leading to further questions and topics of conversation. The main takeaways from some our participants were:
“There was never a better time to bring EDI to the forefront of strategic business discussions: social and economic change, ESG requirements, and creating a strong sense of belonging are boosting EDI conversations.
“To deliver a strong EDI agenda, we need courageous leaders and sponsorship. EDI also needs to be structurally embedded in our business processes. And no one size fits all: the EDI journey will need to start somewhere - and to be learned step-by-step along the way.”
Michaela Dedic - Diversity & Inclusion Leader at Novartis.
“Hints and insights on how to improve a DEI strategy, how to set up a good measurement system and appropriate metrics, and how to build the narrative of it… and show it to the key stakeholders.”
Piera Marongiu – DE&I Leader - Integrate Include Engage
“An open dialogue around values and needs is key at all levels of the company, as well as strong support from leadership to foster a culture of engagement and trust.
“Progress needs to be measured regularly with the right KPIs to check EDI strategy adapts and also takes business, as well as local, needs into account. This takes time, ongoing commitment, and a long-term perspective.”
Simon Kernahan – DE&I Consultant – Thriving Talent
I have seen in the market that candidates are wanting to work for organisations that align to their values, which includes robust ED&I strategies and polices, as well as sustainability and ESG. But how do you align those values across multiple generations within one workplace? Slight differences in work ethics and priorities can create tension.
We will continue to discuss ED&I topics and look forward to sharing more details of our next event with you soon.
Last quarter was extremely busy across all HR disciplines for EMEA Recruitment. Despite this being a busy time for HR, focusing on end of year/New Year budget reviews, hiring freezes, planning new headcounts, role creation and projects for 2023, we had one of the best quarters in relation to successfully completed assignments.
I would be keen to hear your thoughts across the market and understand if you would be interested in future roundtable events, either dedicated to ED&I or broader HR topics. In addition, I would welcome the opportunity to hear how diverse your employee lifecycle is and how this compares with the general market consensus.
Please feel free to contact me directly to see how we can support you: [email protected]
Female leadership is probably one of the most talked about topics in multi-national businesses today. We are seeing in the market that companies, as part of growth plans, quote that they are looking to increase female leadership, but are falling short of their target percentages.
This begs the question: are women not being offered equal opportunities, or are they more hesitant to put themselves forward?
EMEA Recruitment held a recent study to see how many men versus women would apply for the same role by looking at the job description. The results show that only 30% of women had applied for the role. The main reason was that women look to tick almost all the boxes required for the position, whereas men will apply if they tick around three to four requirements.
In Europe alone, almost half (46%) of women are employed, while just 35% of those were managers (as of 2021).
Another statistic from Catalyst shows that, among the largest publicly-listed companies in the EU in 2021, only 20% of executives and 8% of CEOs are women.
The key questions
Adapting the “Rooney Rule”
Several companies have now implemented a version of the National Football League’s Rooney Rule, which requires any team hiring a head coach to interview at least one minority candidate.
One business created a requirement that half of the final candidate shortlists for any executive positions must be women; in the last two years, the proportion of women on the executive team has risen from 25% to 40%.
In summary, female leaders can find their strength, express their voice and apply their talents when given these opportunities. They can also shape the conditions for others, supporting and influencing the systems that make the world welcoming to women’s contributions.
The progression of women in the workplace – and in leadership – isn’t just a women’s issue. It is an issue for all of us, so we can build communities in which we tap into the very best from each of us.
Here at EMEA, we provide our clients with relevant market information in a consultative approach - topics are also discussed through our roundtable events with clients. EMEA’s inclusive recruiter approach to each search means we have a deep understanding of the candidate and employer's expectations and needs.
If you’d like to discuss how we can help you build diverse teams, please get in touch with Hannah Mallia.
Keely Straw, Manager of Human Resources, shares knowledge on how you could improve your employee lifecycle, and her experience hosting EMEA Recruitment’s first face-to-face ED&I Roundtable event...
In my Q3 2022 newsletter, I shared insights on the future of work and what that means for Equity, Diversity & Inclusion (ED&I).
By making small changes throughout the employee lifecycle to accommodate a diverse workforce, organisations can improve employee experiences and boost engagement at every stage of the employee lifecycle:
1. Attraction - Brand reputation improves from employee, customer and stakeholder perspectives
2. Recruitment – Providing inclusive candidate journeys creates equal opportunities and allows organisations to draw from a wider talent pool
3. Onboarding – Demonstrating inclusive practices sets a first impression that encourages trust and loyalty
4. Development - Productivity improves, because data shows that employees with disabilities take less time off and stay with companies for longer
5. Retention – Turnover rates drop when everyone feels included and valued
6. Offboarding – Gathering employee feedback helps provide data and insights that can be used to improve ED&I policies further
Through my ED&I and HR networks, I have heard that many companies are already doing this and leading the way to make positive changes; they are eager to create a culture that is inclusive for everyone, regardless. Others are only just starting this journey.
While there is plenty of information available online, at virtual online events and shared across social media, there isn’t anything local to Switzerland for ED&I leads to come together to share topics and success stories.
That is why, this month, I hosted EMEA Recruitment’s first face-to-face ED&I Roundtable event in Zurich.
This was an opportunity for ED&I leads - from multiple industry sectors and size - to come together, share insights on ED&I strategies and how to implement one, as well as other topics.
I would be keen to understand if you would be interested in future roundtable events, either dedicated to ED&I or broader HR topics. In addition, I would welcome the opportunity to hear how diverse your employee lifecycle is and how this compares with the general market consensus.
Please feel free to contact me directly to see how we can support you: [email protected]
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