The hiring process is still getting tougher, and candidates’ expectations in salary negotiations have not rebased. That’s the consensus from heads of talent acquisition (TA) who attended eFinancialCareers’ online global round table meetings in September.
It came as a surprise to many – after a period in which talent was scarce, hiring demand was at cyclical highs and candidates were able to be aggressive in their demands for both pay and conditions, many had expected that the pendulum would swing back in 2023. However, for the time being at least, the majority of respondents to the most recent eFinancialCareers poll reported that conditions were at least as difficult and in some cases more so. And salary negotiations had got no easier. Even the rounds of high-profile redundancies from Goldman Sachs, Morgan Stanley and Credit Suisse earlier in the year appear to have been absorbed by the market without much effect.
Navigating the uncertainty picks out and explains some of the paradoxical features of the current landscape, and reports on the tactics that talent acquisition leaders are using to cope with confusing and uncertain set of conditions.
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