The future for financial recruitment
None of us really knows what the future brings but following trends is one way to get a feel for the direction things are moving in at least and Financial recruitment is no different from any area in that respect. Here are some of my predictions for how things will look in ten years or so.
Online recruitment – clearly this has changed everything hugely already twenty years ago I remember applying for jobs by post and getting endless confirmation type letters through the post, email has replaced the post almost totally now as the communication method of choice and web site uploading of CV’s is rapidly killing off the last remaining paper CV copies! This area is going to grow further though, as I expect more intelligent software to appear which will approach candidates by location and experience using data sources such as Linkedin to present opportunities to candidates who were not even looking. There is definitely an increase in the roles that appear across linkedin and their algorithm is increasingly good a tempting you with closely matching job opportunities so even those who have no thoughts of changing jobs get enticed by particularly attractive opportunites. I am sure that with the advent of Artificial intelligence, increasingly candidates will be approached for roles automatically and the more information they hold about you, the more likely such matches will be good ones.
Employment/Unemployment – we are already seeing headlines about how unemployment has fallen to the lowest levels since then 1970’s but I expect that trend to continue further and for unemployment to reduce down to the levels we say before the first world war and the great depression. This means that candidates actually looking for work will be in even further short supply than they are at the present time. Making the life of employers and recruiters tougher but the rewards and situations of candidates even better. Since the bank of England gained independence, monetary policy in the UK has been transformed and there is real confidence in the ability of the bank to keep inflation down. This in turn has translated into low interest rates and a solid long term environment for business to invest. All of these factors together then turn into the steady creation of jobs, and the gradual decline in unemployment and under employment.
Artificial Intelligence – As mentioned already I can see a correlation between the financial performance of companies and the desireability of their senior team for headhunters but few if any applications compare the CV’s of candidates to the web performance and financial performance of the companies they worked for. Not every team member is responsible for success or failure of course, but having a more holistic feel for the success or otherwise of companies a candidate has worked for is a logic next step. There is an increasing number of free and Pay as you go Business intelligence services around, so it is now easier than ever to find out about your prospective employer.
Gig Economy / remote working – whilst I can see a role for outsourcing of transactional teams in finance I think senior roles will be not be overly impacted by the growth in the Gig sector. I can see Portfolio Finance Directors working more remotely however and being able to attend more virtual meetings as a result, with the benefits of being able to offer their services to more remoter locations. An FD may spend a summer in Cyprus with his family for their school holidays whilst for example handling day to day issues and attending board meetings in London and Birmingham, this is already happening though senior finance is slow to embrace this. There is likely to be continued growth in home working opportunities.
To get an understanding of the areas FD Capital covers please review the following pages to see the disciplines currently on offer:-
- Part Time FD’s – This is our main focus covering the London and West Midlands areas.
- Portfolio FD’s – Part Time FD’s who work for multiple businesses.
- Private Equity FD’s – Finance Directors with experience of working with Private Equity Houses and Venture Capitalists.
- Interim FD’s – Finance Directors needed for short periods.
- Turnaround FD’s – Finance Directors with particular experience of distressed situations and turnarounds.
- E-Commerce FD – Finance Directors with expertise with E-Commerce website and Search marketing.
- Non-Executive FD – Non Executives or NED’s with finance expertise for boards.
Hopefully you can see that we are a niche agency and specialist / boutique finance house offering recruitment but also professional solutions through executive recruitment.
If you are a candidate with expertise in any of the above disciplines or an active interest in breaking into them, please reach out for a chat with us today, we are always looking for additional skills to add to our database.
We are always interested to hear from new businesses, if you are an SME based in London or the West Midlands then we are keen to speak with you, we have a lot of experience with PE Houses. We specialise in Finance Director and CFO Recruitment.
Our main locations at present are
Part-Time London FD’s We cover all of the areas within the M25 and the Home Counties.
Part-Time Birmingham FD’s We cover Birmingham and the West Midlands, Shropshire and Cheshire.
It is always worth talking with us if you have a need for a role outside of those areas or you are candidate that doesn’t mind commuting or staying away some nights per week.
From time to time we have roles for FD’s that we can’t handle within our network, keep an eye on our Jobs page as we advertise roles there regularly.
Anyway just a few of the developments which I expect to gain traction or more traction in the coming years, if you are looking for a Finance Director with a great track record to help take your business to the next level, then talk to FD Capital today we specialise in Part Time and Portfolio Finance Directors in the West Midlands and London areas.