Global Executive Search and the Great Resignation

 

The last two years have seen a remarkable rise in the number of individuals resigning from their jobs. Individuals quit their employment at a historic rate, as the workforce suffered from collective fatigue, prompting some to refer to the occurrence as the "great resignation."

According to the US Labor Department, 4.5 million workers left their jobs in November 2021. This was on par with September's record numbers, with 3% of the workforce quitting each month. Furthermore, according to a poll conducted by ResumeBuilder.com, approximately 23% of the workforce will be looking for new jobs in 2022. According to KellyOCG’s 2022 Global Workforce Report, many senior executives are planning to leave their jobs. Some of the reasons for the increased executive fall-out are presumed to be the following factors;

  1. Recruiting contingent talent
  2. Organizations not taking measures to improve the values of diversity, inclusion, employee mental health and equity
  3. Leaders finding it difficult to adapt to remote or hybrid work culture
  4. The dissatisfaction of senior employees with their job roles
  5. The lack of interest from the behalf of organizations to integrate more tools and technologies that ease up workforce management.

Global executive search has been impeded in this critical period. We noticed a lot of job changes, quits, and shifts. It is extremely complex to find the right executive talent to meet any organization’s leadership requirements. So, how will global executive search consultants fare in this Great Resignation period to fulfill talent demand and deliver the best results.

People's perspectives shifted during the past two years because they felt uneasy and ineffective at the unusual scenarios. Newer perspectives of employment opened up and people began to come into terms with the full potential of their jobs. Employees became comfortable with the companies that offered them perks and privileges. In the past, interviewers asked employees, ‘why should we hire you?’. In the present, the tables have turned. Now, prospective candidates ask, ‘What perks do I get if I join your company?’

Another great trend that is affecting the global executive search services is the prominence of gig economy. Top talents are looking for short-time gigs that pays more and offers freedom. Many professionals have become comfortable with the terms of gigs and are unwilling to commit to full-time roles.

 So, in this era of the Great Resignation, organizations should seek for more ways to hire and retain talent. Global executive search firms help companies find the right executives that can helm the leadership roles. The experience of global management consultants will assist corporate enterprises to find the right talent that can lead the organization.

 

Conclusion

If you are looking for global executivesearch services with global management consultants, kindly visit www.taplowgroup.com. We help corporate organizations find the best talent to take up their leadership roles. Our wide network and commendable talent pool gives companies access to widest of individuals with skillsets and competencies that match their expectations. 


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