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Because of how we work when supporting our clients, we have a very unique “glimpse” into how over 5000 Executive Search companies and almost 20 000 decision makers react – the majority of which being located in Europe; and we collect and analyze how they respond; and we observe if and what kind of trends there are to leverage them into better career management & more effective job search methods.
Before there are trends, there are signals which we usually keep to ourselves. But these are not usual times, so we decided to share these signals by the end of each week. If the country / context is important, we’ll add them. Otherwise, we’ll keep it general for confidentiality.
We’ve continued reaching out to CEOs, HR Directors, investors, board members, that we know personally, to take the temperature. Below you’ll find their shortened quotes in no particular order.
Collected Quotes from CEOs and HR Directors
The vast majority of executives are with market leaders in their respective industries. By default, the board members are members of local boards; if not, we’ll indicate the exception.
Food industry: The business is thriving, so the CEO raised salaries by a few % to support and motivate the team.
Legal services, debt collection: We’re not planning on any lay-offs. I’ve noticed that people are actually getting more and more interested in our innovations, as they will want to reclaim their money in a fast and cheap way.
IT / Telco: It’s stable. We’re still getting a lot of projects. But the longer isolation period can influence the investments. Still, no lay-offs at the moment.
Food industry: No lay-offs at the moment but we’re having some issues. We’re experiencing a significant decrease in sales and our suppliers are not very cooperative. We’re fighting, though, and we know we’re going to get through it all. We are also trying to see the good side – the crisis exposes all the problems, so we’ll know what to work on in the future.
Retail: No lay-offs at the moment. But we’ll see how long that will last.
CEO, healthcare: I’ve recently received 2 invitations from headhunters to join processes for PE/VCs.
Director CEE, horeca: A lot of people were laid off (including me), but the company gives the opportunity to come back once everything is running normally again.
If you want to discuss your professional situation confidentially or if you considering hiring Career Angels for support, contact Bichl.Sandra@CareerAngels.eu who will personally match you with the most appropriate consultant. For efficiency, add your CV and availability for a Skype call.
If you want to contribute, email your signals to Sandra (everything will be kept confidential).