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Covid recruitment impact report: Senior Finance

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The below is an excerpt from our mid-year senior finance recruitment update; you can download the full report using the form on this page.

2020 began strong in CFO and senior finance recruitment. Companies across financial services and commerce and industry continued their growth agendas, with many CFOs building out their teams and start-ups making first time hires.

As Covid-19 began to take hold, faced with uncertainty not just economically, but surrounding how and whether to conduct recruitment processes online, companies in Asia were the first to impose recruitment freezes. The West followed suit when the pandemic hit in late March and, at first, it looked as though recruitment was going to slow drastically.

However, as businesses and their employees adapted to the new working world, any trepidation about recruiting and onboarding virtually began to subside. Businesses that were able to hire took advantage of a market where there was more opportunity to engage with candidates, hiring talent that would otherwise have been harder to reach. Many senior roles were reactivated, particularly in Europe where some countries were more successful in managing the pandemic and were able to return to some normality faster than others.

In any case, businesses need top senior finance professionals at their helm. Digital transformation has, if anything, been accelerated in the past 6 months and companies will need finance talent at the centre of this. Indeed, demand for those in control, transformation and at CFO level was present even in the depths of the crisis.

For advice on hiring strategies, your career or just to hear more about the market please do get in touch for a confidential discussion.