Recruitment power shifts from bosses
The recession meant that many senior-level finance professionals focused their efforts on up-skilling and broadening their experience, rather than looking for new roles in lean times. But, with the economy showing slow but definite growth, the jobs market is now looking more positive.
Tim Vye, divisional director of Reed Finance, explains that as a result, some businesses may need to re-think their approach to recruitment, to avoid missing out on the most talented candidates.
The jobs market is often an important indicator of the economic health of the nation. We are now three years on from the nadir of the 2008 recession, which saw many businesses struggling and had a knock-on effect on the employment prospects of thousands of people. This period of instability and fear was quickly followed by two years of pay and headcount freezes - prompting many finance professionals to stay under the radar as the recession played itself out.