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AER focuses on executive market changes
Friday 9th July 2010The ever-changing nature of the executive search market was highlighted at the Summer Conference of the Recruitment and Employment Confederation sector group the Association of Executive Recruiters.
Keynote speaker Dr Graeme Codrington took as his theme "Disruptive Times Ahead" in which he looked at the five forces which could provoke changes in the future world of work over the next decade.
He said the most successful companies in the next few years would be those that found ways to be strategically responsive.
To do this, everyone at every level within the organisation must understand these forces which are technology, institutional upheaval, changing demographics, the environment and shifting societal values.
Only through comprehending these can employees then contribute to the company’s success.
Sarah Churchman, Head of Diversity and Engagement at PricewaterhouseCoopers told the conference that while the need for increased diversity in the boardroom was nothing new, what was new was the view expressed by many firms that promoting diversity was a pre-requisite.
In today’s world, she explained, a balanced and diverse board was essential to stay ahead of the competition by sending an important signal to shareholders, investors, customers, the public and employees.
Meanwhile, Derek Smart, Chair of the AER, led a discussion on increasing the current share of retained assignments. He was joined in this discussion by the Daily Telegraph and Thomas International.
Commenting on the proposed revival in retained market share, Smart said: "Maybe with competition from executive websites among others, it is time to consider a more acceptable and palatable method which can be a very useful 'USP' to gain new clients and repair the damage to pre-recession client relationships which have drifted apart."
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End of beginning as downturn slows slightly
The seasonally-adjusted CIPS/Markit Purchasing Managers’ Index (PMI) rose to 42.9 in April from 39.1 the previous month, but was lower than last year’s figure of 49.7. Despite remaining below the neutral 50.0 mark (a figure less than 50 indicates a contraction) for the 13th month running, the PMI moved further from February’s joint survey record low.

