We are delighted to share some exciting news, highlighting Switzerland’s continued appeal as a hub for international businesses.
Over the past quarter, we have witnessed a handful of companies choosing Switzerland as their preferred location for setting up their global/regional offices. One of the key factors contributing to this trend is Switzerland’s tax environment, boasting some of the lowest profit and capital tax rates in the country.
Additionally, Switzerland offers an exceptional level of political and financial stability, fostering an environment conducive to long-term economic growth. Furthermore, individuals can benefit from attractive tax rates, positioning Switzerland as an alluring place to live. We anticipate that this positive momentum will continue, solidifying Switzerland's reputation as a premier destination for international business expansion.
In this edition of the newsletter, we would like to shed light on the thriving recruitment landscape in Switzerland and the advantages it offers to businesses operating in the Finance sector.
One remarkable aspect of Switzerland is its ability to attract top talent. We have witnessed a notable trend of highly skilled professionals choosing Switzerland as their preferred destination, drawn by the country's robust economy, excellent quality of life, and strong emphasis on work-life balance.
Moreover, Switzerland's geographical advantage in the heart of Europe makes it an appealing choice for professionals considering relocation. The central location provides easy access to a variety of global industries and allows businesses to tap into a diverse talent pool.
At EMEA Recruitment, we have capitalized on these advantages to supply top talent to our clients. By leveraging Switzerland's appeal, we have successfully sourced exceptional candidates, ensuring a streamlined and cost-effective recruitment process.
If you’d like to find out more about how we can support you, please get in touch with Associate Director, Annie Gosnell: [email protected]
Thomas Powell, Recruitment Consultant, takes a look at the Finance and Accountancy recruitment market in the Netherlands and shares the key to success...
In today’s recruitment market, demand for talent is heavily restricted and continues to be candidate driven across the junior to senior level.
To be at the top of the competition, it is crucial for you, as the hiring manager, to offer the candidate the right opportunity with clear plans of progression - not a sidestep where they are doing the same role for more reward.
We are noticing that the biggest motivation to move in today’s market falls to the following:
How can you do this when recruiting into your team?
First, what profile are you looking for? If you have a strong desire for a particular level of experience in local reporting, you know this is non-negotiable for your business.
However, think about why someone who does this role already would move to your company to do the same role. Think of ways this person can progress and move up in the company.
To retain the best talent in your company, this is what you need to be outlining. This is where you sell yourself to the candidate.
As recruiters, we hear, “This role will have progression opportunities” all the time. Be direct about what progression opportunities are available and ask the question of why the candidate should move.
Secondly, identify a success story. If you have a profile that may fall slightly below the criteria - maybe they don’t hold enough Dutch GAAP or don’t have enough payroll processing experience - offer the training and development to the candidate.
While this can take time, look at how attractive your role becomes and look at the success story you can create in your company. You as the manager have achieved this and, in turn, this profile is likely to stay with your business in the long term, given the time and value you have invested in them.
This is where EMEA Recruitment can add value. We are a candidate-driven business and skilled in mapping the candidate’s motivation to the right business, where they will add value to your organisation and thrive.
If you’d like to speak to me about how we can assist you in your search for talent, please get in touch with me at [email protected]
EMEA Recruitment is honoured to announce our official sponsorship of CSCMP Switzerland Roundtable.
The Council of Supply Chain Management Professionals is an organisation that has organically grown to become a leader in Supply Chain networking, predominantly for Swiss-based Logistics and Supply Chain Management professionals.
Its mission is to connect like-minded Supply Chain professionals, develop their leadership and management skills, and further educate those looking to learn more about the Supply Chain discipline.
We have proudly sponsored six CIPS (Chartered Institute of Procurement & Supply) Switzerland events, the latter ones in partnership with CSCMP Switzerland Roundtable. We are delighted to be continuing our professional networking within the local market.
Most recently, we sponsored the Competitive Advantage conference in Zug, back in May 2022, exploring how to link Procurement and Supply to corporate direction, top-level strategy and executive decisions.
The annual event brings together top P&SC professionals from prestigious organisations, such as Biogen, Unilever and Hitachi Energy.
Neil Cope, Director of our Procurement & Supply Chain recruitment team in Switzerland, said: “We are delighted to be sponsoring and work in collaboration with the CSCMP Switzerland Roundtable.
“Our Procurement & Supply Chain recruitment division has gone from strength to strength in the Swiss market. A core component of that has been the networking collaborations we have built – the CSCMP organisation has organically grown and is a leader in the Supply Chain network.”
He added: “We look forward to working with them and assisting in the hosting of future events held in Switzerland.”
To hear more about attending future events, please reach out to Neil: [email protected]
In December 2022, Neil conducted an Executive Interview with Helmut Leitner, Board Member of CSCMP Switzerland Roundtable and Founder of Heliblick, a management consultancy that developed the iBsing framework.
You can read the full interview on our website: https://www.emearecruitment.com/executive-interviews/helmut-leitner-founder-of-heliblick/150
To find out more about CSCMP Switzerland Roundtable, including membership options and future events, please visit its website: https://cscmp.ch/
Over the last quarter, we have seen 14% inflation in the Netherlands. However, we have seen a buoyant market, despite a rather unstable financial climate.
Even with the cost-of-living crisis, hybrid vs. office debate, and a looming recession, we are still seeing candidates change roles.
It is still a candidate-driven market, so companies are having to put forth a strong value proposition to attract the right talent.
These are all questions businesses must answer before entering the marketplace.
There is a growing concern in the market, due to inflation, which has caused a rise in salaries. Businesses may have to offer competitive salaries outside of their yearly reviews to current staff for retention, alongside competitive pay to attract new staff.
Candidates are also looking for a business that can offer career development and provide a flexible working environment, which allows for a good work-life balance. Therefore, hybrid working is key to successfully retaining staff.
Recommendations:
EMEA Recruitment support
EMEA Recruitment is focused on working closely with both passive and active candidates. The aim is to ensure that we are clear on the drivers and motivators for candidates to move. This way, we are sure that the candidate we put forward for your roles are aligned with your value proposition.
Currently, most of our roles are filled through the headhunt approach, with candidates who may not be currently looking for a role. This success results from the insight we gain into our candidates’ longer-term aspirations.
Our focus:
For more information on our approach, please contact Michael Bentil, Senior Consultant, in our Finance & Accountancy recruitment division in the Netherlands.
As we enter the New Year, Mark Robinson, Associate Director in our Finance & Accountancy team, shares an insight into the Swiss Finance recruitment market...
First of all, Happy New Year to everyone. We hope that 2023 brings you good health, happiness and success.
The New Year begins with far greater confidence than in 2022, due to the control achieved over COVID-19 and, despite some current market challenges, the economy in Switzerland remains positive, particularly compared to European neighbours.
Inflation is expected to reduce to 2.4% (source: Swiss National Bank) and the country will continue to achieve growth in 2023.
Finance recruitment market
There is traditionally a lull in recruitment in December before an increase in activity in January. This means that companies find recruitment difficult in January, due to the higher level of competition.
However, in 2022, the market was busy all the way up to the festive season, with many companies continuing try to attract talent in a typically quiet period.
We undertook significant research in the last quarter of 2022 about the methods that mid to senior level candidates use when job seeking. This confirmed that professionals find direct job applications an increasingly inefficient and impersonal way to secure their next career move.
We heard strong preference for securing a new role through a recruitment consultancy or through a known network, which partly explains why so many companies are struggling to attract the talent they desire through simple advertisements.
The competition for quality candidates remains strong, with companies struggling to attract interest from the passive market. This is where EMEA Recruitment provides the most value, being able to use our network and market knowledge to ensure that the best - and most suited - talent in the market is made aware of opportunities that fit their career goals, even when those individuals are not actively engaging with the recruitment market.
Market shortage/pressure point
In 2022, one area where we started to see increased recruitment activity at large companies was in Environmental, Social and Governance (ESG), as the new reporting regulations came into effect.
As a new field of reporting, there are very few candidates who already possess this experience, so those individuals are likely to have a wide range of opportunities to choose from in 2023.
Is ESG an active area of recruitment or interest for you? If so, please get in touch. We would be happy to provide further information and share thoughts from the wider market about this subject.
Hybrid working – follow-up to Q4 2022
In our last newsletter, we discussed how hybrid working has brought many positives to the workplace, but has also resulted in some challenges for both employers and employees.
We have seen some pushback against working from home in the USA, most notably at Tesla and Twitter, but also some other companies in the tech sector. However, the vast majority of businesses are still very much on board with developing their strategies to make hybrid working as effective as possible.
We recently ran a LinkedIn poll to ascertain our network’s latest thoughts about hybrid working, as shown below:
What do you think are the biggest challenges associated with hybrid working?
Will the challenge of maintaining company culture lead to changes to career development for candidates in the future?
Instead of staying with a company and progressing, these results suggest people are likely to move more regularly, as they are less engaged with their employer.
Those with a significant length of service at one company and a number of promotions on their CV/resume are typically the most desired candidates in the market. If individuals are less engaged with their employer, we are likely to see shorter tenures at companies in the future, so the most desired CV could look very different.
Summary
We are all used to a marketplace that changes quickly and can be affected by a range of global factors, but that does not make recruitment any easier. Switzerland is in a much stronger position than many of its neighbours, so we expect to see another exciting year of recruitment and new opportunities coming to the market.
If you would like to discuss your own career or are recruiting into your team, we would be happy to speak with you. Please contact Mark Robinson: [email protected]
2022 has undoubtedly been a time of reflection and change, and quarter 4 continued this trend.
We saw the increased demand for Logistics specialists within Procurement & Supply Chain and the emergence of new standalone categories in energy/utilities.
The current crisis in Ukraine - and the ongoing geopolitical influence across Europe - is having far-reaching effects.
Supply Chain has had a relatively smooth ride since its adoption in the late 70s with the introduction of Just in Time (JIT) methodology, created by Taiichi Ohno for the automotive industry (Toyota).
However, are we seeing the end of it? Logistics is a critical player in the success of the JIT process. Unfortunately, due to the rising cost of fuel and the lack of available drivers across Europe, it may not be sustainable.
What is the alternative?
Digitalisation is the apparent solution. However, are organisations willing to spend the money on implantation and development? This will not be a quick fix; another obvious answer may be Just in Case, which is very much the opposite of JIT.
Unless you have a crystal ball, we need to embrace multiple solutions, and digitalisation must be part of this discussion. Data is crucial in an ever-changing world, and systems must be more robust and versatile to external effects.
Change in the market
From a recruitment perspective, we have continued to see an evolving market again, driven by geopolitical influence and the rising cost of living.
Change is positive. It creates both opportunities and growth. EMEA Recruitment has adapted to these changes by continuing to listen and learn. Q4 saw the expectations of candidates change drastically, from wanting work-life balance in August (EMEA poll of 120 candidates) to salary negotiations in October. Now, the overriding message is job security.
From the aftermath of the Christmas rush - particularly within the FMCG sector - we will continue to gain valuable insight into the market. Organisations certainly recognise the vital role Procurement & Supply Chain plays in the overall success of a business and is no longer just a cost centre.
EMEA Recruitment are keen to support candidates and organisations in their ongoing development and transformation. For further infomation on how we can support you, please contact, Richard Bailey. We wish everyone good fortune for 2023 and look forward to what the year has to offer.
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