Monday, 02 December 2013
The season’s buzzword in reward is “talent” – management and mobility. Firms are turning their focus away from salary and are looking instead towards more innovative models on how to retain their staff. The trend of such senior end hire inevitably leads to junior vacancies. This, added to the growing popularity of reward, has kept us busy in the office this year.
Our Big 4 clients have successfully completed some strategic hires in the reward arena, with some big name Partners/Directors bolstering up executive compensation practices. This movement is also true of the below board/all employee sector and soon we predict it will be echoed amongst talent management consulting service streams.
The news this week that FRP is increasing its partner count, reflects our success in the insolvency market continuing through to the end of the year, with more senior hires in the midmarket bringing work with them. We have also seen an influx in temporary assignments, along with vacancies in the regions, especially Birmingham. Generally, rumours are that Christmas is not as quiet for insolvency practitioners as previously expected.
As this year comes to an end with a number of high profile retail administrations, and as we approach the rental quarter-end, we look forward to seeing what the New Year brings in terms of another busy season in insolvency.
On the legal side, we are seeing signs that midmarket firms are recruiting once again. This is also reflecting in the accountancy market and we expect that hiring will continue on an upward trend.
Managers remain sought after in VAT, with individuals in the public sector space and those with financial services experience in demand.< Back to news