Inspiring trends from our Leadership community_Anderson Willinger
ANDERSON WILLINGER EXECUTIVE SEARCH SUMMARY OF THE HIRING TRENDS WITHIN LOCALLY OWNED COMPANIES, PRIVATE EQUITIES, VCs, CORPORATIONS, STATE OWNED COMPANIES, START UPs FOR EXECUTIVE ROLES IN CZECHIA 2023
Full report for download here: Inspiring trends from our Leadership community based on Ownership_Anderson Willinger 2024
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LOCALLY-OWNED COMPANIES
In the last two years, companies with a turnover of up to 1 billion CZK have played a prime role.
In 2023, CEO, Financial and Sales roles were filled most often.
There are significant differences in seniority distribution between 2020/2021 and 2022/2023.
In the period of the pandemic, locally-owned companies primarily refreshed their management. In the past two years, CEO transitions have directly influenced top management positions within companies.
External recruitment prevailed, accounting for 65%, which exceeded the market average by 10%. At the same time, 76% of these managers originated from fields other than direct competition. An equal percentage of new CEOs also came from external fields.
Compared to 2022, there were fewer transitions in E-Commerce and Media sectors.
In 2023, the average length in a role, including both internal and external recruitments, stands at 3.8 years, aligning with the market average. This duration is slightly longer compared to previous years.
PE A VC OWNED COMPANIES
The distribution of company sizes based on turnover has remained consistent for several years, with no significant fluctuations or major changes.
Within the direct reporting line to the CEO, there was a notable demand for new CFOs/FDs and Sales Directors – accounting for 30% of all changes. This remains consistent with the previous year.
External recruitment aligns more closely with the market average at 56%. Similarly, as with locally-owned companies, the majority of managers (72%) came from outside direct competition. The average tenure in the role remains unchanged at 3.7 years.
In comparison to the market average and locally-owned companies, there was a lesser representation of women, with 7% fewer than the market average and 9% fewer than locallyowned companies.
CORPORATIONS
The distribution of recruitment in corporations, according to their size, remains stable over the years.
Similar to locally-owned companies, the distribution of seniority in corporations reflects the period of the pandemic, during which companies in 2020 and 2021 exhibited considerable restraint in altering their CEO or top management positions.
On the contrary, role changes at the management level prevailed. However, this trend has gradually shifted since 2022, with an increase in new CEOs and changes occurring at the TOP Management level.
Regarding recruitment size within Corporations, companies with over 500 FTE dominated, accounting for 45% of all changes
Unlike privately held companies, which strive for creativity in director hiring, corporations largely maintain a preference for recruiting directors from the same or similar field – only 32% originated from a different segment. This percentage remains relatively stable over the years.
STATE-OWNED COMPANIES
Hiring in state- or city-owned companies increased slightly in 2023, but generally lags behind other organizations. These companies tend to be the most conservative in recruitment practices and exhibit infrequent changes in Director roles.
Recruitment is primarily led by companies with a size of 1 billion CZK or more, attracting 80% of all new managers, while less than half of them are hired by companies with a size exceeding 10 billion CZK.
It is the sole type of organization where there is a zero presence of expatriates. Compared to previous years, there was also an 8% decrease in the number of women.
START-UPS
Most transfers occurred in companies with a turnover of up to 100 million CZK.
The roles most frequently requested include those at the CEO, Sales, Marketing, and Operations levels.
The key area is Technology and E-Commerce.
Start-ups predominantly enhanced their management team with external hires, with 77% sourced externally. Additionally, in this dynamically evolving environment, management turnover occurs more frequently. The average tenure in a single role is two and a half years.
