This is the first posting of the metrics and trends and coincides with the formal announcement of our new employment focus group, Career Management and Advisory Services, our professional advisory services engagements practice. At OlenderFeldman, we believe that professionals are the greatest capital asset of any business and our focus group centers on creating greater alignment between businesses and the professionals who serve them.
The metrics and trends set forth on the 2023 Career Management and Advisory Services Engagement Slide set a baseline for our practice focus going forward. In summary:
- Hiring related engagements significantly outpaced separation. Management level hiring (particularly for senior executives) remained robust despite widespread layoffs across multiple industries.
- Separation consultations were driven by market factors but results confirmed that employers were willing to significantly increase existing separation arrangements (or offer them despite the absence of agreements concerning same) in line with the overall economics of what employers looked to achieve in right-sizing their organizations.
