During the festive season, our thoughts turn gratefully to those who have made our success possible. I’d like to take this opportunity to thank every partner who trusted the deverellsmith group with their hiring needs throughout 2022.
It’s been a year of changes aligned with political instability, and although job flow has cooled towards the end of the year, we believe more candidates will come to the market in 2023 somewhat sadly as a result of cost cutting measures by organisations, redundancies and restructurings.
Increasingly, businesses are seeking expert advice on how to make their workforce more diverse and inclusive, and this is something we will see more of in 2023. Equally, candidates are becoming more selective about the businesses they join and will expect employers to be more transparent about their social values.
Pressure is likely to increase amongst leadership teams in the real estate and construction sector, and we expect that to continue over the next two quarters. Inevitably, when the spotlight shines brighter on leadership, change occurs and this is likely to result in maintained hiring activity at senior levels, requiring different skillsets to help companies navigate challenging conditions.
Wage inflation – a big topic in late 2021 and early 2022, has begun to re-balance as companies feel the impact of de-stabilised market conditions. Consequently, candidates are unlikely to leave organisations with the expectation of securing new positions with hefty pay increases.
All of these changes will generate opportunities for businesses with robust balance sheets, who are looking to hire capable employees to deliver on their growth strategies, business plans to provide exceptional outcomes for their customers.
We very much have a ‘glass half full’ perspective and as we gear up for 2023, we reflect on what else the deverellsmith group has achieved in 2022 and how we aided our network.
Our Recruitment Process Outsourcing function – Hintel was launched to further drive innovation and evolution surrounding talent in property, which has enjoyed much exposure in the press including The Sunday Times.
We have made significant investment into the deverellsmith executive search division, tripling the team in size.
deverellsmith hired 25 new employees across the business, including head office, data and research, marketing, sales and consultancy functions.
We made our first corporate acquisition of the fantastic Broomham Recruitment.
Daisy Chain continues to strive for positive change in the flexible working movement, helping jobseekers match and connect with flexible employers to enhance their careers and work-life balance.
We introduced career sites as part of deverellsmith’s product offering to our retained clients.
We hosted the fourth and fifth editions of Banking on the Future (the first two in front of an in-person audience) in partnership with Bank of England, Canary Wharf Group, Westminster Development Services, Knight Frank, British Land, SAY, Impact REIT and Kinland which were both sold out events!
Our podcast series, devcast…, hit over 15k downloads and welcomed 20 episodes educating our network throughout 2022.
deverellsmith partnered with Whitechapel Mission and donated over 100 hours of volunteering time to prevent homelessness across the capital.
We continued to drive our internal D&I campaign ‘We Work As One’ which reviews policies and introduces an internal network to support and educate our team.
We hosted career workshops with low-socio economic youths through our Programme One partnership, which aims to address the underrepresentation of Black talent within recruitment.
And finally, we planted 7,156 trees in our Madagascan and UK Forest in a bid to become more climate positive, offsetting 195.8 tonnes of carbon.
We look forward to supporting your business and teams in preparing for the future ahead, hosting more podcasts and industry leading events and stimulating change. It is in this spirit that we say thank you and send best wishes for the holidays and New Year.
I wish you a well-deserved, restful break over the festive season, and I look forward to working with you in achieving continued success throughout 2023 and beyond.