Central Europe Executive Search Market Outlook 2024

In a recent article published by our global network IIC consultants from five Central European countries (Germany, Austria, Switzerland, Czech Republic, and Slovakia) discussed the executive search industry outlook, along with other HR trends. We have summarized a few key takeaways below.

1. Despite a challenging market environment in Central Europe, the demand for executive search services remains robust as they play an important role in developing leadership teams that can navigate complexities.
2. AI tool integration into executive search services has been at a measured pace as we take into account different factors such as data privacy and bias in datasets. The work we do remains relationship-based however, as tools mature our industry is set for an incredible transformation.
3. Diversity, equity, and inclusion (DEI) is also a focus for HR leaders and executive search firms are supporting clients in this space through recruitment strategies and new services including training.
4. Compensation trends have shifted from focusing solely on high compensation to placing increased importance on non-monetary incentives and broader definitions of employee satisfaction.

Read the full report and more detailed remarks from our overseas colleagues here.

We are excited to help you navigate and overcome new challenges in 2024. Contact us here.