The Risk Management Recruitment Landscape 2008/9
GRS Risk provide a specialised search consultancy service - attracting
the best risk talent for our clients, offering an advisory service on
current market conditions and salaries and supporting our clients and
candidates throughout the recruitment process.
During early summer 2008 GRS surveyed two hundred people responsible for hiring risk professionals globally. Our objective was to map recruitment trends in this specialist market and provide a definitive study of salary levels.
Our key findings make interesting reading for employers and employees alike:
- The profile of risk management globally has never been so high
- Despite the high profile of risk issues in business, organisations have been/are being slow to react. Only sixteen percent of investment banks have plans to set-up a sub prime response unit. Sixty-three percent of CROs have no direct presence on their company’s Boards. Sixty-six percent of organisations are struggling to attract quality risk talent.
- Sixty-nine percent of risk professionals say that the credit crunch has not had a positive impact on their remuneration/career advancement.
- Quality risk talent remains relatively scarce and is in high demand. Eighty percent of risk teams across all types of organisation represented by this survey intend to increase their headcount in the twelve months from early summer 2008. The war for talent is alive and well.
- There is a disparity between employee priorities around benefits and the packages offered by employers.
- Flexible working is generally aspired to by most risk professionals and some employers seem to be taking note of this in their approaches to attracting and retaining staff. Sixty-five percent of all types of organisation represented by this survey are extending their flexible working practices, both in terms of hours and location.
- Brand strength is key to attracting quality risk professionals. Eighty-one percent of risk professionals said brand was ‘very important’ to them and seventeen percent agreed it was of ‘some value’.
