Riga, Latvia – “In today’s world, where everything is digitally connected and technology plays a vital role in humanity’s development, this field is a good place to end up in.” Liga Treiliha, Managing Director of Creamfinance Latvia.
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Paris, France – Décideurs Magazine issued by the Leaders League, a media and rating agency for top executives, has released its 2017 annual “Compensation Systems and Recruitment Strategies” report for the Executive Search industry in France. Pedersen & Partners was nominated for its strong reputation and prominence in the following categories:
Read more![Seeking a roadmap for digital transformation and talent, "El Portal del Capital Humano" - Pedersen and Partners Executive Search](https://www.pedersenandpartners.com/sites/default/files/public/styles/news_header_3col_450w_252h/public/press-image/talent_digital_transformation.jpg?itok=fX1hVM_5 "Seeking a roadmap for digital transformation and talent, "El Portal del Capital Humano" - Pedersen and Partners Executive Search")
Lima, Peru – “The First Industrial Revolution used water and steam power to mechanise production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterised by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.” World Economic Forum [1]
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Riga, Latvia – Pedersen & Partners Riga has moved its office location to newer, larger premises.
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Vienna, Austria – Austria's largest HR event – the annual HR Inside Summit – was held for the third time at the Hofburg former imperial palace in Vienna. At the event, the second annual “HR Awards” were presented, honouring innovative HR ideas and projects in four categories: “Strategy, Leadership and Personnel Development,” “Tools & Services,” “Recruiting & Employer Branding,” and “Newcomer of the Year.” A special award is also presented to the “HR Person of the Year.”
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Warsaw, Poland – “How long should I work at one company?” This is a question that l hear a lot. It’s likely that you have already asked yourself this question – and chances are you’re still at a loss.
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Kiev, Ukraine – How do you prevent your dream job from turning into the worst mistake of your life? Most career professionals go through periods of self-reflection and search for meaning – a phenomenon known as burnout. “It is common for professionals to seek a new job in a fresh domain, and for different reasons. The majority of them do not understand that they’re experiencing burnout, and they start looking for external reasons. The main factors pushing workers to radically change their life and career vector include dissatisfaction with their chosen profession, financial issues and lack of career growth,” says Vladimir Kolomoets, Country Manager for Ukraine at Pedersen & Partners.
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Riga, Latvia – “You create something from nothing, and you work together with plenty of smart, humorous, and focused colleagues.” Valerija Makijenko, Head of Development at Visma Enterprise Latvia. Evita Lune, Global Digital Economy Partner, interviewed Valerija for Riga Tech Girls, an IT community in Riga, Latvia dedicated to tech, start-up and digital education.
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Minsk, Belarus – How easy is it to find a good specialist in Belarus? How do language skills affect salaries, and what is the demand for narrowly-focused specialists? What’s going on in the labour market? And is it true that there are more and more highly-paid vacancies? Lola Trapsh, Country Manager for Belarus at Pedersen & Partners, discusses these questions and more.
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Tallinn, Estonia – Talent is a hot topic – at the national level, in business ventures from global corporations to start-ups, and everywhere else, it seems. Everybody knows that "talent" is important for their own business or country, and feels obliged to mention it frequently. But what is actually behind these words? Does your organisation have a clear talent strategy and an action plan, and has it defined what exactly it wants to achieve? Most importantly, does the strategy exist only on paper, or is there clear follow-up on progress and measured outcomes?
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We have seen an increasing number of international firms moving their Latin American headquarters to Miami, Houston, Panamá, Mexico and other countries in the region, and in the process facing the inherent challenges of hiring senior executives across the continent.
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April 21st, 2016 – Bogotá, Colombia – Pedersen & Partners, a leading international Executive Search firm with 56 wholly owned offices in 52 countries, is pleased to announce the launch of its collaboration with Juan Carlos Garavito, a top strategic advisor in Latin America.
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Toronto, Canada – The past six years have been turbulent for the global economy to say the least, and the mining sector is no exception. Based on the atmosphere at the recent PDAC Convention, although the outlook for 2016 is still very uneasy, there is some longer-term optimism for the sector. Numbers were down with 22,000 in attendance, but the overall outlook was more positive than last year, with precious metals and some other commodities starting to rally in price.
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Johannesburg, South Africa – Africa has leapfrogged the rest of the world! From unbanked to almost fully connected in a few years. It has achieved this phenomenal feat without the use of the traditional retail-banking model but rather by disrupting convention: using innovation and creativity – resulting in the birth of FinTech.
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Nairobi, Kenya – Kenya’s private sector is remarkably accomplished; however, it is fundamentally important that the country’s public sector promotes a favourable business environment. One important aspect of this cooperation is infrastructure development.
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Kiev, Ukraine – Recruiting an executive is a complex process that has several instrumental components. The most essential of them will be the core of the following piece.
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Lima, Peru – What are the characteristics of a high performance team? What does it take to assemble, manage and develop one? At a recent business breakfast event in Lima organised by Pedersen & Partners in association with Club Empresarial from Peru, the business community had a chance to discuss the importance of the executive coach in developing successful teams and achieving company growth.
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Dubai, United Arab Emirates – Focusing on the Consumer sector in particular but also taking a number of other sectors into consideration, we have seen an increasing number of international firms moving their Middle East & Africa headquarters to Dubai, and in the process facing the inherent challenges of hiring senior executives across North and Sub-Saharan Africa.
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Dubai, Vereinigte Arabische Emirate – Die nähere Betrachtung insbesondere des Konsumsektors, wie auch einer Reihe anderer Branchen, zeigt eine steigende Zahl internationaler Unternehmen, die ihr Headquarter für den Mittleren Osten und Afrika nach Dubai verlagern und vor der Herausforderung stehen, ihre Top-Führungskräfte in Nordafrika und südlichem Afrika zu gewinnen.
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Dubái, Emiratos Árabes Unidos – Centrándonos particularmente en el sector de Gran Consumo, pero también teniendo en cuenta otros sectores de la industria, hemos visto un creciente número de empresas internacionales mover sus sedes centrales para Oriente Medio y África a Dubái y, en el proceso, hacer frente a los retos inherentes a la contratación de ejecutivos de primer nivel en toda África del Norte y Subsahariana.
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Vienna, Austria – Consulting is a very wide professional field, in which professionals support companies and private individuals in a wide variety of areas. The consulting needs of businesses and individuals alike have increased significantly in recent years, due to the booming complexity of professional practice.
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Riga, Latvia – According to research carried out by Deloitte, technology has created more professions than it has destroyed over the last 140 years.
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Johannesburg, South Africa – Another generational skills gap is looming in the mining industry as graduates with relevant degrees, unable to find jobs, seek other careers.
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Vienna, Austria – It is a sobering fact that a salary increase will only satisfy and motivate employees for a very short period of time - certainly no longer than half a year, and generally for no more than one or two months.
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Lisbon, Portugal – Margarita Hernández, Portugal Country Manager for the new Lisbon office of leading international Executive Search firm Pedersen & Partners, explains the advantages of the firm’s global coverage and “proactive search” approach.
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Vienna, Austria – How much do Managers earn in Austria? What other benefits do they receive? What type of management style do they have? What should you do if you want a career in Austria? We talked to Conrad Pramböck, Head of Compensation Consulting at the Executive Search firm Pedersen & Partners.
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Minsk, Belarus – With the wrong motivation and negligent attitudes towards hiring and firing procedures, workforce optimisation can result in additional costs and reputational damage.
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Riga, Latvia – The world of work is in a state of flux, with many occupations disappearing and transforming while new professions emerge. The new professions are mainly related to technology and the development of tools and processes, but their defining characteristic is the absence of geographical boundaries.
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Minsk, Belarus – In a tough economy, Belarus’ employers run the show. This means that the number of dismissed employees in Belarus is currently considerably higher than the number of newly-hired employees. For example, in January 45,000 people were fired but only 37,000 were hired. At the same time, a new trend can be seen: more and more companies are trying to negotiate with their employees and find new ways and opportunities to work together, without resorting to the final measure of termination.
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As smog in Beijing exceeded to 22 times higher than the World Health Organisation (WHO)’s limit in December, the pollution is leading to more than just an array of health problems – it is making it harder for the Chinese capital to attract and retain foreign talent, according to Pedersen & Partners.
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The average cash compensation of a top executive in a Top 100-corporation in Europe and the United States is 1.31 million Euros gross per year. This amount includes an average base salary of 630,000 Euros plus a yearly bonus of 683,000 Euros. The total cash compensation of top executives in these companies increased by 8.8% compared to the previous year.
Read moreLooking for a lawyer is never a task to be taken lightly. Whether looking for a lawyer to join a firm or looking for a lawyer as part of an in house counsel, it is a task that will have long lasting repercussions on a business for years to come. This is why when choosing a lawyer; one must do so with care and precision.
Read more24 May, 2012 – Riga, Latvia - Evita Lune, Partner and Country Manager for Latvia with Pedersen & Partners speaks to the Women in Business Conference on “How women can compete in the labour market and the importance of a first impression.”
Read moreBy Ahmad M. Ismail, Country Manager for Egypt
Optimistic Outlook for Egypt
Egypt emerged from the economic crisis of 2008-2010 reasonably untouched mainly to strong regulation of its banking sector and low susceptibility to downturn in the international financial markets since the country is not yet wellintegrated into these markets. Other favorable factors were considerable amount of public investment, strong domestic consumption and continued growth in such key sectors as telecommunications and construction.
Read moreBy Evita Lune, Partner and Country Manager Latvia
Pēdējo gadu laikā uzņēmumiem Baltijā nācās saskarties ar līdz šim nepieredzētu neskaidrības un neprognozējamības līmeni, dramatisku patēriņa kritumu atsevišķās nozarēs, dažādu ar uzņēmējdarbības vidi saistītu risku pieaugumu un ārējo tirgu apgrozījuma sarukumu. Šajā kontekstā jautājums par augsta un vidēja līmeņa vadītāju algām tika skatīts ne vienā vien uzņēmumā. Uzņēmumi piekopa dažādas krīzes pārvarēšanas stratēģijas – no pilnīgi egalitāra proporcionāla algu samazinājuma līdz klaji polarizētai „galveno” cilvēku saglabāšanas stratēģijai, pārāk neuztraucoties par mazāk būtisku vadītāju un speciālistu motivāciju.
Read moreBy Ally Ho, Senior Consultant
The Middle East has certainly had its ups and down over the last 18 months and although there are more positive signs we are still not out of the woods. When the initial crisis hit there were hundreds of employees from all areas of financial services sector who found themselves out of a job and hunting for further career opportunities. Once the initial dust cleared and things began to stabilize a little there were clear trends developing in terms of style of hiring.
Read moreBy Evita Lune, Partner and Country Manager Latvia
Krīze ir atstājusi dramatisku iespaidu uz darba tirgu Centrāl- un Austrumeiropā. Milzīgais pieprasījums pēc cilvēkresursiem ir būtiski krities. Darba ņēmēju tirgus laiks ir pagājis, tagad noteikumus diktē darba devēji. Smagi cietuši tādi sektori kā nekustāmais īpašums, finansu pakalpojumi, automobiļu ražosana un tirdznieciba, konsultācijas. Arī Latvijā, bezdarba līmenim sasniedzot līdz šim nepieredzēti augstu līmeni 15.3 % no ekonomiski aktīvajiem iedzīvotājiem un sarūkot vidējai darba algai, kas pēdējos piecpadsmit gadus bija tikai kāpusi, varam secināt, ka darba tirgus noteikumi ir būtiski mainījušies. Uzņēmumi pārsvarā konkcentrējās uz biznesa reorganizāciju un restrukturizāciju, nevis uz attīstību kā agrāk. Augsta līmeņā vadītāju meklēšanas jomā uzsvars ir bijis uz eksistējošo vadītāju nomaiņu vai jaunu vadītāju piesaisti restrukturēto uzņēmumu jaunajām struktūrvienībām, nevis uz jaunu un attīstošos uzņēmumu vadītāju meklēšanu.
Read moreBy Minerva Cernea, Principal and Head of North America
Overview
Losing a job in today’s world can unfortunately be seen as part of the normal course of any professional’s career progression - especially in these tough economic times. When revenues drop, expenses must be brought into line and for most service companies, payroll is their largest expense.
Pedersen & Partners offers the following steps in its career transition strategy to finding the right new job:
Step One - RECONCILIATION (or getting over the old job)
Read moreBy Evita Lune, Partner and Country Manager Latvia
Introduction
Patient, obedient, long-suffering, helpless, fond of children, tender-hearted, responsive, ready to share, agreeable, obliging, hospitable, respectful to elder people, honoring men and as a consequence, voluntarily choosing to always remain in the shadow of men.
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