Hiring intentions up in the 4th quarter of 2022 despite the uncertainties
The latest Apec economic report for the 4th quarter of 2022 (see methodology below*) announces that 62% of large companies (there are approximately 300 large companies in France) and ETIs (there are approximately 5,800 in France) intend to recruit at least one manager by the end of the year. This is the case for 19% of SMEs (which represent approximately 140,000 companies in France) and only 6% of VSEs (which represent 96% of companies, or 3.67 million entities), traditionally more exposed to economic shocks.
Executives willing to change employers to earn more
Executives do not live in a tight box: they know that the market is very favorable to them. Half (46%) say they are “on standby”. They are even in the majority to consider the change of job cool: 54% of executives see a opportunityrather than a risk in the idea of leaving their current employer.
Even if they remain on the lookout, few are those who will take the plunge. Admittedly, 6 executives out of 10 will consult job offers in the 4th quarter and they even agree to go for interviews – Apec reports that a third of the executives on the panel were contacted by a recruiting firmi.e. 5 points more than the same period last year – but only 13% plan to resign within three months.
A paradox ? Not really. Their salary requirements have risen and do not correspond to market offers. 71% of them say they are concerned about their purchasing power and will only leave their current job if they earn more. Recruiters have been warned!
Towards a record 282,000 recruitments in 2022
Despite the ongoing uncertainties about the country’s economic health, Apec predicts a record recruitment of 282,000 executives in 2022, which would beat the previous pre-covid peak (281,300 in 2019).
51% of recruitments deemed difficult
But companies will have to make great efforts to reach these figures because the traditional galleys have not disappeared. By the way 51% of companies expect to encounter three types of difficulties related to the now usual cocktail: the lack of candidates, the applications beside the plate and the war of talents.
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Ranking of hard-to-fill executive jobs
Difficulties in finding candidates who vary according to the functions : thus 67% of recruitments of IT specialists are considered difficult but only 36% of recruitments in finance/accounting/auditing for example:
53% of executives believe they can easily find an equivalent job
The balance of power is favorable to a majority of executives but not to all. A large majority of IT specialists (66%) believe that they will have no trouble finding an equivalent job, the same for other trades with a high technical content such as industrial production/construction sites (60%) or study managers /R&D (57%).
On the other hand, in other professions, confidence is not unanimous: only 35% of CEOs and 46% of support functions (administration / HR / communication / law) think of finding a salaried job without difficulty.
* The Apec Barometer 4th quarter 2022 is based on two surveys conducted from September 5 to 16, 2022: an online survey of a sample of 2,000 executives and a telephone survey of a sample of 1,000 companies.