With help from the Research and Insights team at Executive Network Group, and the expertise from our friends at Unum, BDO, and Reward Heads - Network HR has created this report covering the compensation and benefits trends alongside a 2023 salary guide. This is exclusive to the Human Resources market in the Financial Services sector, in particular - Banking, Asset Management, Fintech, and Insurance.
2022 saw an increase in outsourcing throughout the Facilities Management sector, with organisations within Europe, the Middle East, and North America upscaling their outsourcing initiatives up 50%. The sector also experienced development with integrated software, reduced real estate contracts and post-pandemic health and safety initiatives.
This year has seen hiring confidence increase across multiple sectors. Recruitment demand has soared in 2022, which demonstrates real buoyancy in the safety recruitment market following the events of the last few years. Salaries have inflated by an average of 15% to align not only with candidate demand, but the rising cost of living as a result of the geopolitical state.
We have seen candidates feeling somewhat ambivalent during their search process, with many only wanting to progress their career in upwards steps on their trajectory as opposed to accepting offers at the same job level.
Over the last three years, the manufacturing industry has seen unprecedented change and the impact of various world events shows no sign of slowing, the talent pool within the sector is highly saturated, however with new challenges come new demands, and as we end 2022 in a cost-of-living crisis, compensation packages are of utmost importance for many.
2022 saw an increase in outsourcing of specialist staff throughout the Logistics and Transport sector, due to the continued supply chain issues that look certain to carry on into the new year. These workers were drafted in to heal the skills gap in process automation, databases, artificial intelligence (AI), and environmental development. The industry also made great strides in its pursuit of NetZero with the development of autonomous vehicles, a leading factor.
Over the last three years, the Heavy Equipment and Powered Access industry has seen unprecedented change and the impact of various world events shows no sign of slowing, the talent pool within the sector is highly saturated, however with new challenges come new demands, and as we end 2022 in a cost-of-living crisis, compensation packages are of utmost importance for many.
So if you know me, or are connected with me on LinkedIn, you will have heard me talk repeatedly about the power and importance of personal branding in the Safety industry.
Associate Director of HSE Recruitment and Executive Network Group, Laura Aucott recently sat down to participate in NEBOSH's Online Conference which set out to explore the topic of women within the Health and Safety space and whether it's possible for female HSE professionals to 'have it all'. To be safe, happy and healthy in their profession.
HSE Recruitment celebrated its 20th Anniversary on the 29th of September - with a huge celebration at Loki's Wine Merchant and Tasting House in Edgbaston.
Team ENG came through the highly competitive 22-team Business Fives Birmingham Football Tournament to reach the National Finals - hosted in Leeds on the 18th of October.
As part of our ongoing roundtable series, hosted by HSE Recruitment Network, we welcomed Karen J Hewitt who we were honoured to have leading the discussion – based around the power of questions.
Karen J. Hewitt has twelve years’ experience engaging employees at all levels in Safety and Wellbeing. She is Director of Leaderlike, providing guidance to companies on leadership and engagement, especially for Health and Safety. In addition to this, she is an Amazon best-selling author for her books; “Employee Confidence - the new rules of Engagement” and “People Power – Transform your Business in the Era of Safety and Wellbeing.
The Heavy Equipment sector has felt the pressure from the ever-ongoing supply chain issues that have plagued the world market since the outbreak of the Covid-19 pandemic, as well as other global challenges its had to overcome this year. As 2022 begins to open the curtain on its final act - many will start to look ahead to the new year and a new branch of challenges. However, there is still much of 2022 left, and we believe these trends will dominate the sector for the rest of the year.