With the financial year now at an end, our clients are now looking at their recruitment needs. For many firms it’s a time to be opportunistic and grow as the insolvency and restructuring market continues to be busy.
The last 12 months have seen the boutique and consulting firms soar. The “Big 4” however, seem to have the doors closed on external recruits in business recovery at the moment. This goes some way to explain the number of people at Director and Partner level jumping to opportunities outside the “Big 4”, with the top 10 and boutiques boasting notable hires as they look to expand and grow.
There have already been a number of big appointments this year. In particular, a large number of leading retailers are finding themselves in distressed situations. It is a sad time for the retail sector with this trend seemingly set to continue.
Qualified accountants are of huge interest to most clients with the restructuring and contentious teams generating more and more appointments.
Interestingly, the Reward market saw an huge spike of activity from the start of 2018 with the “Big 4” opening their doors and seeking new talent across executive compensation and share schemes. The golden level for many continues to be those at the Manager/Consultant grade who are prime in their career and ambitious to drive forward.
There have been some mass team moves across the “Big 4”, however, many have been seeking a different culture making the move to HR consultancies.
The employee incentives legal market has been quiet, however, things are picking up with a select few of the Magic Circle and mid-tier firms looking to bolster their teams with experienced talent.
Inhouse reward roles are facing an incline in contract or fixed term opportunities as many companies go through uncertain times – highly linked to our work in the restructuring market!
The reward market is still flourishing with roles in industry and consulting across the UK, as we continue to work from Manchester down to London.
It’s a great time to start looking at options before the usual mass of candidates look for moves around September. Whether it’s a move or information on salary bandings, which have increased for the first time in years, then please get in touch with one of our specialist consultants.