Q4 2023 HR Recruitment Market Update

By EMEA Recruitment
24 October, 2023
Q4 2023 HR Recruitment Market Update

As we head into the final quarter of the year, Katie Insley, Associate Director, sheds light on the HR recruitment market and its future...

HR conversations continue to focus on the future of the function, how HR technology will shape this from a service and process perspective, and how artificial intelligence will be further adopted and integrated. 

Advancements in HR technology and AI have the potential to make many of the tasks undertaken by people today redundant but, at the same time, have the potential to create new roles more suited to a data-driven and digital world. 

Over the last quarter, we’ve continued to see an increase in HR jobs around HRIS Optimisation, HR Data Consultancy, People Analytics and Talent Analytics, all which require a technical mindset, a customer focus, and the ability to engage with stakeholders and be a great storyteller.

The continuing evolution of HR technology can however create a level of anxiety in the workforce and businesses need to take action. It is important for organisations to understand how these changes may impact the current workforce and their levels of engagement. Employees may be concerned about the security of their role but, if a company starts to act now, the changes can be seen as an opportunity, as opposed to a concern.

If a business is able to identify how HR technology and AI will change the roles and talent required in their organisation, they will have enough time to understand the skills gaps. They’ll be able to put measures in place to retrain the current workforce, therefore retaining employees, increasing employee loyalty and engagement, creating more effective succession plans, and ensuring the business has the skills needed to be successful in the ever-evolving modern world.

Many of our Executive Interviews explore this topic, as it’s clearly on the minds of HR leaders. It was also a topic of conversation at our recent CHRO dinner. This was such a great opportunity to bring together a group of HR executives to discuss pertinent issues in the HR space, sharing experiences and challenges. If you’re interested in being involved in future HR leadership events, do reach out: [email protected] 

More insights

The Power of Succession Planning, Cost-Conscious Recruitment, and External Providers

The Power of Succession Planning, Cost-Conscious Recruitment, and External Providers

Effective succession planning and cost-conscious recruitment are key to business continuity and long-term success. While organizations grapple with the challenges of managing internal talent and controlling recruitment expenses, partnering with external providers can offer you significant advantages.

Succession Planning: Building a Leadership Pipeline

Succession planning is more than preparing for the inevitable leadership change - it's about ensuring your company thrives no matter the disruption.

With a well-designed succession plan and by proactively identifying and developing future leaders early, you can ensure smoother transitions and that the right talent is in place to step into critical roles when that leadership change occurs.

Additionally, when employees are presented with a clear progression path, it not only boosts their loyalty, heightens engagement, and fosters long-term retention but also cultivates leaders who truly embody your company’s values. 

However, even with the strongest succession plans, gaps may arise, requiring an external recruitment partner - and that's where EMEA Recruitment come into play.

Cost-Conscious Recruitment: Maximizing Efficiency

Recruitment is often costly, requiring time, resources and financial investment. If you're looking to hire cost-effectively whilst securing top talent, it’s important to adopt strategies that minimize costs without sacrificing quality.

More obvious strategies include internal promotion, reducing onboarding costs and time due to the employee familiarity with company operations, and developing a talent pipeline to avoid last-minute costly hires. But have you considered embracing new technology?..

Leveraging an ATS (applicant tracking system) and AI recruitment platforms can help you streamline the hiring process and reduce manual work, saving you time and money. In May we held a TA Roundtable to explore such tools, to discuss these in detail please feel free to reach out

The Value of External Recruitment Providers

While there's an upfront cost to using recruitment companies, many external providers offer unique advantages, especially for senior or specialized roles and cost-savings in the long run.

By partnering with EMEA Recruitment, you could benefit from our deep industry expertise, allowing us to top talent quickly. We also provide access to a wider talent pool, including those who may not be actively searching but are open to the right opportunity, freeing you to focus more on internal operations. 

In summary, succession planning and cost-conscious recruitment are most effective when supported by external expertise. By integrating these elements, businesses can ensure smooth transitions, achieve cost-effective hiring, and secure long-term success without overspending.

For a more detailed discussion on how EMEA Recruitment can help you build a strong leadership pipeline and drive your business forward, please don't hesitate to get in touch: [email protected]

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Talent Strategies for a Changing Economy in the Nordics – Key Insights for Q4 2024

Talent Strategies for a Changing Economy in the Nordics – Key Insights for Q4 2024

Hanna Gibson, Senior Consultant in our Nordics recruitment division, reflects on the Finance & Accounting recruitment market during Q3 and shed's light on key trends shaping the region progressing into Q4.

As we progress into the final quarter of 2024, one key trend in the Nordics is the rising importance of cross-functional skills, especially in Finance.

With companies striving to streamline operations, Finance professionals are now playing more strategic roles. CFOs are increasingly seeking candidates who can provide data-driven insights, not just for financial planning, but also for broader business strategies.

Reflecting on Q3 2024

Q3 highlighted the growing demand for Finance professionals who can contribute beyond traditional roles. Companies in the Nordics are increasingly seeking individuals with a strong blend of financial expertise and strategic acumen.

This quarter also saw digital transformation take center stage, with AI-driven forecasting, automation, and advanced analytics becoming essential tools. According to the World Economic Forum, over 40% of Nordic businesses are investing in digital Finance tools, significantly increasing the demand for tech-savvy professionals to lead these initiatives.

November is a Crucial Time to Secure Top Talent

With 2025 plans being finalized, competition for top talent is intensifying. November presents a valuable opportunity to engage with professionals looking to make strategic career moves before the new fiscal year begins.

For industries already facing talent shortages - especially in Finance and Accounting - delaying until 2025 could put you at a disadvantage.

Preparing for 2025 Success

Q4 isn’t just a time for reflection; it’s a time for action. Aligning your talent strategy with future demands is key.

EMEA Recruitment is here to help you stay ahead of the curve, ensuring you have the expertise to drive your business forward into 2025. Contact us today to find out how we can support your recruitment needs and help you secure top talent before the competition. 

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The Future of Talent Acquisition: Balancing AI and Human Connection

The Future of Talent Acquisition: Balancing AI and Human Connection

There is much discussion about how automation will impact the HR function, with organisations at varying stages of adapting and capitalising on its benefits.

Last month, we turned our attention to how AI may affect Talent Acquisition and we welcomed TA Leader Douwe van der Leer to share his views at our TA networking event in Amsterdam.  

Key takeaways from the session included the need for TA professionals to evolve into Talent Strategists. As automation reduces transactional tasks, Recruiters must use the additional capacity to deepen their understanding of the organisation and its business goals. 

They’ll need to partner with business leaders and engage in detailed discussions around the future skills required to ensure organisational success, as well as strategies for effectively connecting with this talent. 

The companies that will win the competition for top talent will be those that implement seamless automation, punctuated by highly personalised, human-centred interactions.

TA teams may become leaner as recruitment responsibility is shifted to hiring managers to run automated processes. Alternatively, they may evolve to encompass a more integrated approach to talent, including Onboarding, Talent Mobility, Internal Hiring programs, and Learning & Development - something we're already witnessing with several of our international clients.

Another interesting idea is the return of the ‘hidden talent market’. As individuals increasingly choose not to engage with messages on traditional platforms like LinkedIn, where many interactions will become automated, could we see a return of the old-style head hunter? These professionals were successful due to the strength of their network and their ability to engage with talent in more creative ways.

However, as the function evolves, those who do not embrace the benefits of AI whilst understanding where human connection can make a difference will surely find themselves left behind.

If you’re interested in discussing how your organisation can effectively navigate these changes in Talent Acquisition or if you’d like to share your own insights, please don't hesitate to reach out to Katie Insley, Director in our HR recruitment team in the Netherlands: [email protected]

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The Strategic Importance of Procurement & Supply Chain Functions

The Strategic Importance of Procurement & Supply Chain Functions

Over the summer, EMEA Recruitment has been evaluating the role of Procurement and Supply Chain functions within businesses. Given the significant impact of global events in recent years, the importance of these functions has never been greater. It’s unsurprising that many companies have completed or are undergoing transformation projects to ensure "best-in-class" service delivery in an increasingly AI-driven world. 

Effective Procurement and Supply Chain teams go beyond cost-cutting; they create substantial value and resilience within a company. By strategically managing resources, assessing risks, and prioritising sustainable practices, they ensure that business operations are not only efficient but also prepared for future challenges. This added value extends to areas such as:

  • Achieving financial and value targets
  • Meeting sustainability goals
  • Evaluating suppliers to safeguard the employer's brand
  • Ensuring business continuity
  • Minimising business risks
  • Improving customer satisfaction

Companies that have elevated their Procurement and Supply Chain functions and integrated them across the business are significantly more attractive to candidates seeking their next career opportunity.

If your organisation seeks to strengthen its Procurement & Supply Chain team, EMEA Recruitment is here to help. Our specialists focus on sourcing the right professionals to meet your business's strategic goals. Get in touch with Mark Robinson to discuss your recruitment needs and connect with candidates who can drive your company’s success: [email protected]

Alternatively, if you are searching for your next procurement or supply chain job, speak with one of our recruitment consultants who can help you advance your career in your preferred region, or visit our job search page.

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Digital Transformation in Switzerland: EMEA Recruitment’s Approach to Leadership and Tech Talent

Digital Transformation in Switzerland: EMEA Recruitment’s Approach to Leadership and Tech Talent

In today’s fast-paced business landscape, the ability to adapt to digital disruption is essential for growth and sustainability. Every month, EMEA Recruitment connects with hundreds of diverse individuals across our established and expanding network who share market changes, challenges, and innovative digital strategies.

Having understood the critical role that technology plays in transforming modern businesses that are facing digital disruption, we continue to receive enquiries from new areas of our network. Our Technology & Transformation recruitment division was created to handle such enquiries, as this area touches so many different disciplines within business.

The Demand for Leadership Skills

Whether it is true transformation to take advantage of market growth or to readjust for industry pressures, we have witnessed an upwards trend in demand for leadership skills experienced with guiding teams through this.

EMEA Recruitment has partnered with several Swiss-based entities to source skilled professionals who excel not only in cutting-edge technologies, but who also bring the essential strategic acumen and leadership skills necessary to implement meaningful large-scale change.

This highly tailored, “people first” approach has been of particular value to clients in a rapidly shifting market. Often, the softer side of leadership can be overlooked when change is needed, but the best change programmes are those that align with these skills to deliver successful, long-term results.

Your requirements

If your business is searching for evolving skillsets, such as data science and analysis, systems architecture and development, and/or technologies including AI, blockchain and the IoT, to strengthen your market position, then we’d be happy to discuss your requirements.

Many of the candidates we now represent are adept in leading complex transformation projects, ensuring seamless transitions and delivering successful outcomes. Please reach out to our Country Director, John Byrne, who will be happy to help: [email protected]

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Buoyant Swiss Employment Rate Has Limited Impact on HR Function

Buoyant Swiss Employment Rate Has Limited Impact on HR Function

Despite the encouraging increase and promising uptick in the Swiss employment rate, the impact on HR jobs is expected to be gradual, learn why here.

The Swiss employment landscape is showing a promising uptick, with employment levels rising by 1.8% from last, signalling a robust economy and positive business sentiments. Despite this encouraging increase, the impact on HR jobs in Switzerland is expected to be gradual due to the function experiencing stabilisation rather than immediate expansion: while companies are hiring, the demand for HR professionals is disproportionally low. Reasons include advancements in HR technology that streamline processes and reduce the need for additional personnel, and the strategic shift from transactional tasks to more consultative and strategic functions.

The gradual impact of the overall employment rate increase on Swiss HR roles illustrates a shift towards a more strategic and specialised approach in HR functions, highlighting the critical role HR professionals play in aligning talent acquisition with the long-term objectives of their organisations. Rather than focusing on volume hiring, HR professionals are increasingly required to bring a deep understanding of their wider industry.

Moreover, the way in which roles are being filled illustrates another critical dynamic: many positions managed by EMEA Recruitment are confidential, under a retained mandate. Senior and specialised, these searches require a discreet and strategic approach, as confidentiality is paramount to avoid disruption within the organisation and/or the broader market.

Retained mandates reflect a long-term commitment between EMEA Recruitment and our clients, where we combine data-driven market insights with a thorough and dedicated search process. A comprehensive understanding of our client’s culture, needs and long-term goals is paramount; the growth in such engagements further underscores the strategic evolution of HR roles.

If you would like to learn more about our insight tools and confidential, retained recruitment services - or you’re looking for support in your search for a new role, please don't hesitate to get in touch

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