As 2022 draws to a close, Howgate Sable directors Nick Irving and Neil Humphreys take a look back on the many developments which have made 2022 a year of change for businesses around the world.
Throughout 2022, our team has been gathering knowledge and insight into our core operational sectors, with a keen ear to the ground proving – as always – to be our most valuable asset.
One of the most notable developments of the year has been the continued ‘war for talent,’ which hasn’t abated since we began looking at the pandemic through the rear-view mirror. For context, in the last 12 senior placements we made, five candidates received multiple offers on the table. Candidates based their decisions on several factors from role content, chemistry with leadership, willingness to adapt to change and more. It’s interesting to note that traditional packages are carrying less weight than ever before in favour of a modern approach to role management. Where employers fell short on hiring their preferred candidate, it rested squarely on ‘recruitment / candidate experience,’ – slow decision making and irregular updates.
The coining of terms such as ‘The Great Resignation, Quiet Quitting, The Great Re-Invention, The Great Break-Up’ and more have shifted focus to ensuring employers retain their best. The pandemic has delivered lasting change and employers and employees who have been unable to adapt have sadly been left behind. The debate for hybrid working continues to rage, but our extensive network suggests the hybrid model has been successful across most industries. Whether this continues to be normalised remains to be seen. Not all employers are on board of course; Elon Musk’s ‘back to the office mandate to Twitter employees made headline news – but in our experience, most businesses are still trying hard to create a hybrid utopia, in turn opening their own doors to a wealth of new talent which is located outside of their typical geography.
Businesses are now facing the challenge of operating successfully against impending recession, rampant inflation and political unrest. 2023 will likely be a year of challenges, one where it will be more important than ever to have visionary leadership steering the ship.
The technology sector has taken a brutal hit over the past couple of months, with huge lay-offs from some of the largest organisations. This has created a surplus of strong ‘tech’ talent globally. Some of our best-positioned clients have jumped on this opportunity and are engaging with talent from a different sector, who can bring a unique set of skills to the party. We have also seen less rigid job descriptions and key role criteria than ever before, providing more opportunity for senior talent, whilst affording employers a fresh set of eyes.
Cybersecurity is another function that has risen to the surface over the past couple of years. With increased cyber threats across all markets, the need for high quality Chief Information Security Officers is of critical importance. This has been the catalyst for Howgate Sable to establish a global Cybersecurity practice in 2022, with the support and expertise of globally-renowned cybersecurity expert Andy Watkin-Child.
Similarly, the recent appointment of the Howgate Sable advisory board has boosted our depth of knowledge across some of our core areas of expertise. We have welcomed:
– Jesper Berg: A truly global HR professional who has delivered some of the most difficult and complex HR transformations for some of the world’s largest employers.
– Chris Browne OBE: A globally recognised business leader who has held Managing Director and Chief Operating Officer roles for publicly listed firms, in addition to her several board seats.
– Feilim Mackle: An esteemed C-Level executive and multiple board member who has an exceptional track record within Financial Services.
Moreover, 2022 also saw Howgate Sable launch our first overseas office – Howgate Sable Middle East. This Dubai-based outfit is headed by Andrew Bailey as our regional managing director, and serves our growing demand for searches in the Middle East and North Africa. Andrew is supported by experienced headhunter Navin Govind, and the pair are making great strides in the region.
As we head into 2023, we wish you all a very merry Christmas and a happy and prosperous new year.