Executive searches defy economic woes
By GIFT NDOLWANE
JOHANNESBURG, (CAJ News) – AS South Africa and the world reel from the latest wave of economic upheavals, companies are looking towards new opportunities in an effort to ward off the worst impact of contracting markets.
This is according to a global executive search expert, Debbie Goodman-Bhyat, who notes this trend is manifesting clearly in the executive search sector, where companies are seeking to ensure they have the right leaders to guide them through the tough times while making the best of new growth opportunities.
Goodman-Bhyat, Chief Executive Officer of Jack Hammer, a global leader in executive search, says in spite of tanking commodity prices, the plummeting South African currency and other market woes, there has been no decrease in big business seeking to ensure they have the right teams in place at the top.
“In the executive search industry, we typically notice the first impact of looming big market changes, a weakening economy, or a rapid cycle of market chaos like we are currently experiencing, by virtue of hiring strategies at executive levels,” says the expert.
“With concerns being raised about another impending recession in certain sectors, in the past few weeks we have clearly been seeing signs of companies attempting to ensure their houses are absolutely weather-proofed and in order.”
She says in challenging times such as these, companies generally have limited options.
– CAJ News
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