Career Development & Opportunities for Executives in the Middle of the Crisis
Career Development & Opportunities for Executives in the Middle of the Crisis Harris Pezoulas, President71 Offices, 45 Countries, 4 Continents
Executive Search Industry, Global Financial Trends Trend in Annual Average Net Revenues 2011 2010 2009 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year-on-year trend: 2009 to 2010 → + 26% Year-on-year trend: 2010 to 2011 → ~ + 10%Source: AESC State of the Executive Search Industry Report – Q3 2011
Executive Search Industry, Global Financial Trends – Q3 2011 Trend in Quarterly Average Net Revenues Year-on-year trend: Q3 2010 to Q3 2011 → + 8.3% Quarter-on-quarter trend: Q2 2011 to Q3 2011 → - 0.5%Source: AESC State of the Executive Search Industry Report – Q3 2011
ES Global Industry Trends – Q3 2011 Year-on-year trend: Q3 2010 to Q3 2011 Increasing: LS/HC +21%, Consumer +17%, Industrial +12%, Professional Services +18% Decreasing: Financial -12%, Technology -8%, Non-Profit -13.1% Trend in Average Number of Searches Started Quarterly, by IndustrySource: AESC State of the Executive Search Industry Report – Q3 2011
ES Regional Trends Global – Q3 2011 Year-on-year trend: Q3 2010 to Q3 2011 • Increasing: N. America +11%, EMEA +4% • Decreasing: Asia/Pacific -2.3%, Central/South America -2% Trend in Average Number of Searches Started Quarterly, by RegionSource: AESC State of the Executive Search Industry Report – Q3 2011
ES Trends, % per Industry % of Total Consumer 19% Financial Services 12% Government, Education & Non profit 1% Industrial 33% Life Sciences/ Health Care 11% 1. Industrial Logistics & Transportation 3% 2. Consumer Natural Resources & Energy 4% Professional Services 7% Technology 10% Total 100%Source: AESC State of the Executive Search Industry Report – Q3 2011
ES Trends, % per Position Function % of Total Academic & Not Profit 0.7% Engineering 5% Finance 15% Human Resources 8% IT 7% Legal 2% 1. Sales & Marketing Manufacturing/QA/Operations 11% 2. Finance Research & Development 3% Sales & Marketing 36% Supply Chain 2% Other 11% Total 100%Source: AESC State of the Executive Search Industry Report – Q3 2011
ES Trends , % per Position Seniority 1st : Upper Management % of Total Very Senior 8% Senior 31% Upper Management 35% Mid Management 26% Total 100%Source: AESC State of the Executive Search Industry Report – Q3 2011
Stanton Chase InternationalGlobal Results, October 10 – September 11 By Region Group total: +36% • Asia/Pacific +15% • EMEA +42% • Latin America +28% By Practice Group • North America +48% • L & T 103% • Professional Services 62% • Industrial +44% • Financial Services +43% • NR & Energy +38% • CPS +24% • LS/HC +16% • Gov-Non Profit -17% 71 Offices, 45 Countries, 4 ContinentsNorth America, Latin America, Europe/Middle East/Africa, Asia/Pacific
Employment & Salary Trends in the Gulf Recruitment & Mobility After the 2009 crisis, Dubai, from aDestination of Professionals turned into a Source of Talents for employers elsewhere!
Employment & Salary Trends in the Gulf State of the Economy Crude Oil=Key EngineVast Government Investments• Health Sector• Education Sector• Infrastructure
Employment & Salary Trends in the Gulf Recruitment & Mobility
Employment & Salary Trends in the Gulf Recruitment & Mobility Qatar VS Dubai Qatar tends to be the most popular destination. Why? • Fast-Growing Economy • Abundance of Employment Opportunities • Higher Salaries on Offer • Falling Cost of Living • Continuous Government Investments
Employment & Salary Trends in the Gulf Recruitment & Mobility Dubai VS Qatar Dubai tends to retain its expatriates. Why? • Qatar’s laws preventing expatriates from changing employers • Qatar’s Inferior Infrastructure
There was a one hour interview on CNBC with Warren Buffett, the world’s second richest man who has donated $31 billion to charity.Following are some very interesting aspects of his life:
• He bought his first share at age 11 and he now regrets that he started too late! Things were very cheap that time… Encourage your children to invest.• He bought a small farm at age 14 with savings from delivering newspapers. One can buy many things with few savings. Encourage your children to start some kind of business.
• He still lives in the same small 3-bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence. Dont buy more than you "really need" and encourage your children to do and think the same.• He drives his own car everywhere and does not have a driver or security people around him. You are what you are. He never travels by private jet, although he owns the worlds largest private jet company. Always think how you can accomplish things economically..
• His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. Assign the right people to the right jobs.
• He has given his CEOs only two rules: Rule number 1: Do not lose any of your share holders money. Rule number 2: Do not forget rule number 1. Set goals and make sure people focus on them.
• He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television. Dont try to show off, just be your self and do what you enjoy doing• Warren Buffet does not carry a cell phone, nor has a computer on his desk.
• Bill Gates, the worlds richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
His advice to young people:"Stay away from credit cards & bank loans and invest inyourself and remember: A. Money doesnt create man but it is the man who created money. B. Live your life as simply as possible. C. Dont do what others say - listen to them, but do what you feel good doing.
D. Dont follow brand names; just wear those things in which you feel comfortable.E. Dont waste your money on unnecessary things; rather just spend on those things you really need.F. After all, its your life so why allow others to rule your life?"
"The HAPPIEST people DO NOT necessarily have the ‘BEST’ THINGS.They simply APPRECIATE the things they have”
It is crazy to do the same thing over and over again and expect different results… Albert Einstein