Gillespie Manners comment: examining the 2023 retail technology recruitment landscape
By Alex Gillespie, Co-Founder & Director, Gillespie Manners – global executive search experts
With overall recruitment through the roof in 2022, it’s understandable that momentum has slowed a little as we’ve started a new year. Q1 is traditionally a quieter quarter for new hires anyway, with budget freezes and uncertainty as to what the year will hold representing common threads across many sectors.
In 2022, the market was rife with competition, leading to a particularly candidate-led environment. Demand severely outstripped supply at senior level – no doubt an ongoing effect from the pandemic, where job security was paramount.
You’ll be pleased to know that early indications for 2023 show that the field is slowly levelling out again. Companies are increasingly reporting that they are back in control, with more candidates to choose from for each role. The negotiation power is also returning.
The markets are now stabilising against the constant churn of the global political and economic landscape. Industries are working to understand how international events do, or could, affect the supply chain and are collectively dealing with those challenges.
Business, for the most part, is able to continue as usual, and innovation is thriving across most sectors.
This means that Q2/Q3 will see a surge in demand for high caliber, senior talent to drive forward-thinking enterprises towards big end-of-year developments. And as specialists in the recruitment of C-suite and senior leadership level roles, Gillespie Manners is uniquely qualified to assist.
The 2023 US Salary Guide
To mitigate the effects of a sudden surge in demand, and to put our clients on the front foot, we’ve produced a brand-new, role-specific resource for the general technology sector.
Focused solely on US recruitment and packed full of valuable insights, this guide provides benchmark figures for 17 different roles across technology leadership and sales.
Studies show that 78% of business leaders had difficulties in attracting high quality candidates in 2022, and 54% reported employee attrition rates above target thresholds.
With this in mind, we’ve included insights into the candidate expectations you’ll need to take into strong consideration and have offered advice on how to boost your retention rate.
The aim is to help you better understand the current state of recruitment within the US technology market and to allow you to budget for the best new talent accordingly. You’ll also find data relating to compensation/benefits packages, where you’ll be able to compare your business offering to the national average.
Get your free instant download
Once you’ve read the guide, book a call with one of our dedicated Retail Technology Consultants to delve into a deeper breakdown of the statistics and to discuss the potential for your first senior leader recruitment project with us.
Enlist a trusted partner for your talent searches
Gillespie Manners is a global executive search firm placing top calibre C-level and senior leadership talent into some of the world’s leading businesses.
Our expert consultants headhunt across many different branches of the technology, retail, supply chain and manufacturing sectors to source the perfect candidates for every brief.
Approximately 60% of our Executive Search projects are based in the US, with the remaining 40% largely split between Europe and APAC. We work to complete our projects efficiently, and we’re proud of our eight-week time-to-hire average.
We recognise that senior level recruitment needs some sensitivity. That’s why we don’t post vacancies to public job boards. All of our candidates have access to a private portal that affords some safety and privacy when considering a job move.
Book a call with one of our industry experts to kick off your own executive search project, simply visit our website to get started.
Continue reading…