Executive recruitment in 2022: recovery confirmed!
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After two years of dormancy and slowdown in certain sectors, the gradual emergence from the crisis with the upturn in economic activity is accompanied by a catch-up effect. With better visibility on business activity and a rising number of job offers, companies are confirming their intentions to recruit managers in 2022, subject to certain conditions. Explanations.
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The economic upturn
According to INSEE, growth, which began at the end of the year, should continue in the first quarter of 2022, with GDP up 0.4%, compared to the last quarter of 2021.
Companies now also have better visibility than they did a year ago on their business: 75% of them feel that their business is in line with or ahead of forecasts. However, only 58% claim to have three-month visibility on their business.
With economic activity rebounding and order books filling up, companies may consider recruiting for executive positions in 2022, particularly the construction sector (68%) and high value-added services (61%).
Hiring intentions
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Thanks to the upturn in activity levels in the last quarter of 2021, the volume of executive job offers has risen sharply (+ 24%), returning to almost the same level as before the crisis, at the end of 2019. We are indeed witnessing a revival in executive recruitment.
In the first quarter of 2022, hiring intentions are once again up:13% of companies plan to recruit managers. This increase is also accentuated in the largest companies, with 67% planning to hire executives, up 12% on the last quarter of 2021. In VSEs (7%) and SMEs (19%), recruitment intentions are stable.
The most sought-after professions
With the health crisis and the development of teleworking, digitalization has taken off spectacularly. New ways of working and consuming have developed specific skills needs, among them those linked to security, networks and data.
The IT field recruits IT developers and project managers, information systems architects, data engineers, data analysts, cybersecurity consultants...
To keep pace with the e-commerce boom, companies are looking for experienced profiles in sales engineering, business engineering, legal management, industrial production management, project management engineering. Thelogistics and transport sector is following the same dynamic, with hiring intentions for S&OP (sales & operations planning) managers, warehouse managers, customer service managers.
Jobs related to management and finance are also very buoyant, notably accountant, chartered accountant, administrative and financial director, management controller.
Among the other fastest-growing managerial occupations are site supervisors for the constructionsector, which is in high demand.
Executives are also in high demand in the sectors most directly impacted by the pandemic, the health/social action, with +46% job offers in 2021, and the pharmaceutical industry (+21%).
Hiring difficulties persist
Despite the rise in recruitment intentions, a quarter of companies have abandoned their plans to recruit in 2021 for at least one managerial position, due to a lack of applicants matching the required profile. Those who recruited in spite of everything had to revise their expectations downwards and adjust their recruitment: 44% recruited an executive who did not possess all the expected technical skills, and 40% an executive with fewer years of experience than expected. Similarly, 47% had to increase their proposed remuneration. Moreover, after two years of stagnation and in a context of war for talent, all sectors are likely to endure a increase in salaries. 
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The mismatch between the applications received and the recruiter's requirements also explains some of these difficulties. Yet, paradoxically, seniors over 55 are still victims of discrimination and their applications are often sidelined, as are those of young people from urban policy districts. There are still many adjustments to be made, including more inclusive recruitment practices and training. |
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