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Trends in executive search during 2020
December 10, 2020
This has been a year like no other, but we’ve remained busy as growth technology businesses have continued to seek the best talent to realise their ambitions. Over the course of 2020, we’ve seen some interesting trends emerging.
Enticing people to make a move has been more challenging than ever. Consequently, we’ve seen salaries at the upper end of any expected banding.
Founders have in some instances recognised a shortfall in their own skillset or have been left exhausted on top of recession and Brexit and have sought to professionalise the CEO role with external resource.
CFOs have been in high demand and short supply. Many have been immersed in refinancing or restructuring with little time to consider a new role. The potential damage to reputation of making a move and leaving a business in the midst of change has also been a concern for these individuals.
We have seen very little movement amongst Sales Directors/CCOs, and it will be interesting to see what changes occur during 2021.
Expectations have risen significantly around the role of the Chair/NXD, driven initially by short term requirements at the start of lockdown and, more recently by the need to provide greater support to overburdened leadership teams. This has driven the emergence of a new and slightly more expensive set of NXDs.