Phoenix, USA – While developing an Executive Search business across emerging markets, I always received exaggerated respect from locals for my achievements in handball and alpine skiing, sports that most of them know nothing of.
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During the last couple of years, we have been working intensively with large firms that aspire to drive digital change, and also with growing companies whose business models are based on digital platforms. In both cases, we have experienced a significant difference in mindset and culture compared to large traditional firms. This article highlights the main elements of these cultural differences.
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Kiev, Ukraine – Large Ukrainian agricultural companies are suffering from a shortage of good executives. AgroPortal.ua asked Vladimir Kolomoets, Country Manager for Ukraine at Pedersen & Partners, about the cause of the personnel shortage, and the strategies that companies should adopt in their quest for professional managers.
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London, United Kingdom – Mary Murray, Consultant at Pedersen & Partners, asks: “What’s shaping the future of the global mining industry and how are professionals harnessing it?
Read more![Executive Search transformation, “Polnočni Klub," RTV Slovenia - Pedersen and Partners Executive Search](https://www.pedersenandpartners.com/sites/default/files/public/styles/news_header_3col_450w_252h/public/press-image/executive-search-transforma.jpg?itok=kzMlmhy3 "Executive Search transformation, “Polnočni Klub," RTV Slovenia - Pedersen and Partners Executive Search")
Ljubljana, Slovenia – RTV Slovenia's popular talk show "Polnočni Klub" hosted a debate on the evolution of the recruitment industry and the increased demand for such services on the Slovene market. The discussion was moderated by renowned journalist Zvezdan Martič, and brought together a panel of professional recruiters that included Matej Mrak, Country Manager for Slovenia at Executive Search firm Pedersen & Partners.
Read moreSpeak up! Eradicating the habit of staying silent in conversations with management, “Dienas Bizness”
Riga, Latvia – Although we no longer live in times where it is unacceptable to express a negative opinion to management, many employees still have qualms about speaking up, and carefully reflect on exactly what they will say.
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Sofia, Bulgaria – The talent gap in Bulgaria is becoming more and more noticeable across multiple sectors, and the problem will only deteriorate due to demographics, emigration and inadequate education.
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Biometric customer recognition, virtual reality dressing rooms and the seamless merger of retail with technology, media and entertainment – this is not science fiction, but the reality of consumer retail in Asia. In China, which is responsible for almost half of the world's e-retail sales, every smartphone comes with an app that can display, locate, order and pay for items from any online or retail store.
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Madrid, Spain - The 1950s and 1960s were a golden age for innovative science fiction. From this era, I fell in love with Star Trek's teleportation concept, which allowed the characters to immediately transport themselves to any location. Older readers will also remember the comic-book hero Dan Dare (Diego Valor in the Spanish translations) who saved the Earth from alien invasions. One of the enemy aliens moved around in a mind-controlled "flying chair."
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Madrid, España – Los antiguos del lugar se acordarán de un comic de la infancia donde triunfaba Diego Valor, un héroe que se enfrentaba a las fuerzas del mal, para salvar la Tierra de invasiones marcianas. Los enemigos, se desplazaban en una “silla voladora” que se manejaba con la mente.
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São Paulo, Brazil – We have seen Brazil’s economy struggling with a number of on-going challenges, including complex political issues that are hard to avoid. Brazil’s investment rating was downgraded in September, primarily due to loss of credibility resulting from a political crisis. The predictions for 2016 are very unclear for investors and business leaders across multiple sectors of the diversified Brazilian economy.
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Latvia, Riga – The annual Investment Forum “Investors’ Voice” organised by the Executive Search firm Pedersen & Partners and the law firm Klavins Ellex (formerly LAWIN) was held in Riga at the end of October 2015.
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Bled, Slovenia – Matej Mrak, Country Manager for Slovenia at Pedersen & Partners, was one of the experts who participated at the 15th edition of the Education Management Conference, an annual event that brings experts together to share fresh approaches to education management and best practices in the field.
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Stuttgart, Germany – Pedersen & Partners, together with HLB Bové Montero y Asociados and LKC Group, awarded the German-Catalan Award for Entrepreneur of the Year to Scytl, for its innovative strategy and entrepreneurial excellence.
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November 19th, 2015 – Bogotá, Colombia – Pedersen & Partners, a leading international Executive Search firm with 56 wholly owned offices in 52 countries, today announced the appointment of Óscar Acosta as a Principal in Bogotá.
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19 de noviembre 2015 – Bogotá, Colombia – Pedersen & Partners, una firma de Executive Search líder internacional con 56 oficinas propias en 52 países, anunció hoy el nombramiento de Óscar Acosta como Principal en Bogotá.
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Dubai, United Arab Emirates – The high-tech sector has a reputation as a dynamic, fast-changing and very demanding corporate environment due to the industry’s insatiable demand for never-ending innovation. The key success factor for every IT company is its capacity to predict and address industry and market trends (the R&D road map), in order to ensure that its intellectual property is well protected, and that it can commercialise, launch and monetise technological innovations ahead of the competition.
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November 16th, 2015 – Lisbon, Portugal – Pedersen & Partners, a leading international Executive Search firm with 56 wholly owned offices in 52 countries, is proud to announce the opening of its office in Lisbon, Portugal. This is Pedersen & Partners’ 34th established office in Europe, and follows the recent launches of offices in the U.S. and Mexico.
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16 de Novembro, 2015 – Lisboa, Portugal – Pedersen & Partners, empresa internacional líder de Executive Search, com 56 escritórios próprios em 52 países, tem o orgulho de anunciar a abertura do seu escritório em Lisboa, Portugal. Este é o 34º escritório da Pedersen & Partners na Europa, e surge na sequência da recente inauguração de escritórios nos Estados Unidos e no México.
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November 12th, 2015 – Moscow, Russia – Pedersen & Partners, a leading international Executive Search firm with 55 wholly owned offices in 51 countries, today announced the appointment of Mikhail Yelizarov as Principal in its Moscow team.
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Vilnius, Lithuania – According to a recent survey conducted by international Executive Search firm Pedersen & Partners, the annual gross compensation earned by top executives in the world’s largest companies averaged 1.45 million Euros in 2015, an increase of 3.8% over the previous year. The Lithuanian average of 79,900 Euros may seem rather modest in comparison, but Lithuanian executives still out-earn their counterparts in Latvia and Estonia.
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Tbilisi, Georgia – The average salary of a top executive manager in Georgia is USD 58,300 gross per year. This amount comprises an average base salary of USD 48,700 plus a bonus of USD 9,600 on top. Pharmaceutical companies, oil, energy, and manufacturing industries are among the sectors with the highest salary levels in Georgia.
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Madrid, Spain – In the field of employment, Puri Paniagua sees no differences between men and women in terms of technical capabilities, but she does perceive distinctive characteristics in terms of women’s leadership technique and lack of aggression that may be prejudicial to their professional careers. Puri currently works at Pedersen & Partners, a leading Executive Search firm that finds top managerial and executive talent for companies around the world. Prior to joining Pedersen & Partners, she worked in consulting, where she landed "almost by chance" after graduating in chemistry.
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Vilnius, Lithuania – Companies are better-placed to cope with possible future risks if they have formulated succession plans for their top executives and key employees, and are ready, willing and able to replace departing personnel. Leading Lithuanian oil company Klaipedos Nafta planned ahead and prepared its future leaders, and this groundwork proved invaluable when their General Manager accepted an offer to become the Lithuanian Minister of Energy.
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Cape Town, South Africa – Top executives in the world’s largest companies are taking home an average annual salary of R23m (approximately €1.45m), according to a global study.
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Vienna, Austria – Although we are taught to work independently, learning efficient delegation skills could have a great influence on one’s career.
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Riga, Latvia – Evita Lune, Partner at Pedersen & Partners shares her insights with „Dienas Bizness“ on executive compensation for Latvian top managers.
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Dubai, United Arab Emirates – Women in telecoms are witnessing a positive change in terms of gender inclusion in the sector but they highlight that there is still a long way to find balance in the sector.
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New York, USA – While dozens of the world’s largest companies have signed pledges urging “the world’s leaders to reach an ambitious climate deal” at the United Nations Conference on Climate Change, and vowed to reduce their businesses’ environmental impact, only a handful put CEO pay on the line.
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Kiev, Ukraine – Pedersen & Partners has released the results of a unique Ukrainian market study of CEO salaries that it carried out in association with the international audit company EY. Alexey Dolgikh, Head of CIS & Country Manager for Ukraine at Pedersen & Partners and Olga Gorbanovskaya, Partner and Human Capital Practice Leader at EY, talked to Forbes Ukraine about CEO compensation and the factors that affect it, but also spoke about motivating factors for senior managers that go beyond monetary compensation.
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By Ilham Hajiyev, Country Manager Azerbaijan and Poul Pedersen, Managing Partner
Management Demand
Over the past decade Azerbaijan has attracted significant amount of foreign investment. Investors are mainly global energy firms: Russian, Turkish, British and others.
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