RE:DISCOVER reposted this
WHAT DOES THE FIRST HALF OF THE YEAR TELL US: This week, we have taken time to meet with thought leaders, other agency owners, and some of our clients to review the first half of the year. Here are some of the highlights: RE:DISCOVER: 📈 We are up YoY and have had a record Quarter as well!! ⏱️ Recruitment processes are taking longer. 🆕 62% of our placed roles are newly created (focusing mainly on Growth revenue and NPD) 👟 CPG brands are more than ever hiring on experience versus fit and potential. 🌎 We continue to help brands with their international expansions - over 60% of our placements are outside the UK, and we have now placed in 17 countries. 👩💻Remote working continues dominating our placements. However, Hybrid is growing rapidly YoY. 🛒 Amazon roles have plateaued, and Ave salaries are declining as brands and agencies focus on more operational hiring V.S Snr Leadership. General Market: 💰 The lack of investment and the cost of living have resulted in a slowdown in NPD, Consumer Spending, and ownership changeovers. 😅 (Generally) Growth is driven by price instead of increased consumers. 📆 Our agency partners are being asked to quote for more work than usual, but sign-off is taking longer than usual. 🤖 A.I. It is starting to affect brand and strategy functions. 🙏 Recent poll results show that 64% of our network feel "Cautiously Optimistic" about the current consumer market. Please feel free to reach out if you want us to expand on any points or understand more about current recruitment trends. Thank you to all clients and candidates this year. Nineteen days into Q3, we are already seeing an increase in activity!