In late 2022, Kestria conducted an internal survey to provide insight into global and regional trends impacting talent availability and dynamics at senior leadership level. We drew on the combined experience of the largest executive search alliance in the world. The survey considered geopolitical and economic factors contributing to volatility, disruption and uncertainty impacting the global job market. It was complemented by anecdotal accounts offered by Kestria partners representing the Americas, Asia Pacific, Europe, the Middle East and Africa.
Executive Summary
- Geopolitical instability, inflation and concerns about recession cloud the global business outlook, making C-suite executives reluctant to consider new appointments.
- The availability of talent seeking new opportunities will increase alongside largescale layoffs in the tech sector, easing the shortage of recent years.
- Belt-tightening could lead to a new spike in demand for executive talent experienced in reorganization and turnarounds should recession take hold.
- Talent management, especially of remote teams, has become a general competency required of all senior leaders, not just HR executives.
Kestria partners representing 53 offices across the globe responded to a series of survey questions aimed at shedding light on how geopolitical and macroeconomic forces were impacting the growth outlook and talent market.
The demand for qualified leadership talent remains strong, and though an economic slowdown in some markets may limit risk-taking among senior executives, underlying trends will continue to drive the need for new placements, ensuring the labour market remains dynamic.
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