New Technology & Traditional Values

New Technology & Traditional Values
The Winning Combination for Building Society Sector 

Combining new technology with traditional values is the winning formula for the building society sector, which is enjoying a healthy growth in market share this year.

That was the upbeat message from the Building Societies Association’s annual conference in Manchester, a two day gathering which more than 500 executives from the UK’s 44 building societies attended.

The latest lending and savings figures from the BSA for Q1 2018 show that the societies, which last year had a 22 per cent share of the £1.4tr UK mortgage market, were accountable for 43 per cent of its growth – and took 40 per cent of cash savings deposits – between January and March.

Industry leaders believe the increased trust consumers have in building societies over the larger banks is one of the key factors in this growth in market share, a trend which the recent TSB online banking debacle will surely have only aided.

But there is also a recognition that the sector needs to move ever quickly on the adoption of digital technology to meet the demands of the tech-savvy digital consumer preferring a responsive banking app to a passbook at the counter.

One of the keynote speakers, Nationwide Chief Executive Joe Garner, wrote in his conference blog: “We must be able to adapt to members’ changing needs, whilst retaining the essence of our heritage and our humanity…Our goal is digital convenience with a human touch, a service enabled by technology, and made meaningful by people.”

In 2015, the Nationwide committed to invest £500m into its branch network, introducing new technology such as Nationwide Now which combines market leading technology and human service.

But what about the other mutuals? How are they embracing FinTech? By being, well, innovative. They are courting the technology incubators and collaborating with the digital disruptors. Combining new technology with the popularity of local branches offering face-to-face customer service is the key.

In April the Coventry Building Society launched a recruitment drive for more than 80 head office IT roles, increasing personnel at its UK-based IT department to nearly 450 – double its size just three years ago. The positions include system delivery engineers, analysts, cloud specialists, IT security specialists and IT architects.

Meanwhile last month the Cambridge Building Society returned to its roots by launching a new city centre branch close to its original offices which opened in 1884. But following a model that worked for a relaunch of its St Ives store in 2017, the new branch offers customers digital and assisted-service technology as well as face-to-face expertise.

Andy Jukes, Head of Direct Distribution, said it “combines technology with expertise from our team members – something we know is valued by customers”.

Bank of mum and dad ninth biggest mortgage lender

And what about the financial needs of borrowers? People struggling to afford a mortgage or deposit was the subject of a recently released report by Legal & General which revealed that the ninth highest mortgage lender this year will be neither a bank nor a building society.

With £5.7bn of lending for £81bn of property purchases and an average ‘loan’ of £18,000, the bank of mum and dad is in the top ten mortgage lenders list.

The report found more than a quarter of housing transactions are dependent on financial help, with 43% of buyers aged 35 to 44 and 26% of those aged 45 to 54 relying on support from their family.

With the average age of a first time buyer having risen from 30 to 33 between 2006 and 2017 and a forecast that borrowing by people in their 20s will halve by 2030, the BSA has commissioned a study on intergenerational mortgages describing inequality between the generations as ‘a growing challenge in our society’.

Financial Services dinner

HW Global Talent Partner will be hosting an industry dinner in London in September. The informal networking event offers an excellent opportunity to make new executive and non-executive industry contacts.

Guest speaker is David Stewart, Chairman of Enra Group and Chair of the Audit and Risk Committees of M&S Bank, HSBC Private Bank (UK), and LSL Property Services plc., and former Chief Executive of Coventry Building Society. He will talk on how he managed to create a non-conflicting NED portfolio in financial services.

The event, which is aimed at helping FS executives to launch and develop their NED careers, is being held in Mayfair on Wednesday September 12th with drinks and canapes from 6.30pm. If you would like to attend please contact darceyl@hwglobalpartner.com as there are only a few remaining places.

To find out how we can help your business, or if you want to discuss executive search, interim or NED opportunities, contact MD of HW Interim and Head of the Financial Services practice John Wakeford via his LinkedIn page, email johnw@hwglobalpartner.com or call +44 (0) 113 243 2004 for an informal discussion.

Flexibility the Key for Firms Hiring CFOs

Flexibility the Key for Firms Hiring CFOs
Flexibility really is the key for firms based in the regions wanting to attract top finance talent. Experienced Chief Financial Officers have found themselves in increasing demand over the past decade. The modern finance leader has a broad and complex role spanning strategic insight and operational responsibilities. Changes to the regulatory environment and a highly challenging economic climate have ensured their prized technical and analytical qualities are an invaluable and irresistible addition to the boardroom.

The CFO market is therefore hugely competitive and salaries are constantly rising – with double digit wage inflation. Talented CFOs often have a number of options for their next move and as a result it can be hard to lure the best to the regions. It can be, then, extremely frustrating for a head hunter working on an executive search assignment to put forward a strong shortlist of candidates for a CFO position, only to find the client is unrealistic about the offer they are prepared to make.

Every board is looking for diversity today but many executive teams don’t truly understand that, in order to achieve it, something has to give.

If a business wants to attract the right candidate they need to make an attractive offer, which often means demonstrating flexibility in terms of the remuneration package, working arrangements, and being prepared to consider finance executives from other sectors.

If a candidate is based in London, for example, and your business is located in Leeds, Manchester or Birmingham they may not want to relocate their family – often the case when they have school aged children.

It is understandable that a finance executive will be reluctant to move their family north for a position which they may have for three or four years before potentially moving on again.

But if you allow the exec to work from home part of the week, and either commute on other days or arrange local accommodation, you could be removing the one obstacle which would prevent them from joining your board.

It may be some years away but with HS2, journey times from London to Birmingham will be down to under 50 minutes and London to Manchester under 70 minutes. It should be much easier to attract South-East based execs commuting to work for firms based in the regions. Until then, boards in the regions will need to understand the ball is firmly in the court of the talented finance leader they are trying to attract and respond accordingly.

John Wakeford is a founding director of HW Global Talent Partner. Contact him at johnw@hitchenorwakeford.com or +44 (0) 203 691 1917 for a confidential discussion.

Executive Search & Professional Interim

Executive Search & Professional Interim Positions

Locating senior and middle management posts can be difficult if you are looking to take the next step in your career as there are so many various places available for companies to advertise their vacancies, especially if you are trying to combine your job search with an existing job and other commitments. Approaching an agency that specialises in executive search techniques could be a really worthwhile idea as they will be likely to be able to find plenty of suitable vacancies for you, and give you plenty of helpful advice about how you could take your career further.

Many companies find it difficult to find the senior and middle management staff that they need as finding people with the correct skills and experience can be very difficult and they also face the problem of finding the right places to advertise, these are just a few of the reasons why many businesses and organisations choose to use specialised agencies offering executive search services to help them save time and money but still make sure they have some of the most talented staff available.  If you do choose to sign up with an agency like this you may find that you are headhunted for work straight away, especially if you work within an industry that requires specialised knowledge or skills.

Signing up with an agency that provides services such as executive search is a straight forward process and once you have supplied them with all the required documents and information they will generally be able to forward this to potential employers, helping you to save a lot of time during the application process and once you are on their books you will be ready to begin to receive offers of work. Many agencies offer a variety of roles both full and part time, permanent, fixed term and temporary so no matter what your availability is you will be likely to find something that suits you perfectly and if you don’t get a permanent contract straight away you will still have the chance to build your professional reputation and add new skills to your CV.

Many reputable agencies will be more than happy to help you find suitable employment and offer you any help and support you may need while working with them and give you all the information you may need when undertaking a new role. As many successful agencies work on building up long term relationships with their clients you will often find that they will be able to give you plenty of advice and information about the company you will be working for to help you ensure that you are properly prepared to impress on your first day, you will also find that you may get offered the chance for posts before they are widely advertised due your agency having a good relationship with particular clients.

So if you are hoping to make the next move in your career and feel like trying something new why not take a look at some of the services offered by specialist recruitment agencies and see what senior and middle management posts they have available? With many agencies offering executive search services and many other techniques to help match the right people with the right jobs you can be certain that they will be able to help you take the next step and get your career going where you want it to.

As a recruitment agency will already have your CV, details of your circumstances and know what type of role you are looking for they will always offer you roles that are suited to your requirements and with many temporary vacancies often becoming available taking sort term contracts with recruitment agencies can be an excellent way to add valuable experience to you CV or even achieve a permanent position with the same company if one becomes available.

HW Global Executive Search & Interim

HW Global Executive Search & Interim

HW is a global Executive Search and Professional Interim business operating out of the UK. Our focus is on the senior talent needs of a broad range of dynamic organisations from small capitally invested start-ups through to publicly traded multi-nationals. We have a significant breadth of functional and cross industry expertise that incorporates both local and global geographies, enabling us to genuinely appreciate diversity, cultural differences, social responsibility and how commercially business is done across continents.

We have a passion for challenging the conventional thinking of our clients, demonstrating an in-depth understanding of cross-industry synergies whilst representing high-potential and seasoned executives that frequently sit beneath the radar.

Our candidates typically become clients meaning many relationships have spanned 3 decades; our commitment to consistently delivering best-in-class solutions is without compromise.

Our practice areas in Executive Search and Professional Interim are Consumer, Financial Services, Business Services, Industrial, CFO, CIO, Chair & NED. 

EXECUTIVE SEARCH

In a dynamic and highly challenged economy the role of senior executives across all sectors, functions and geographies remains business critical.

Being able to recognise cross-industry synergies, attract business professionals who are passionate about utilising their skills in new areas, and applying decades of knowledge to shape and support clients’ strategic initiatives remains at the heart of our continued success.

Having a global perspective and multi-cultural appreciation enables us to shape richly diverse executive teams helping our clients to achieve outstanding results.

Process

As a true client partner HW work tirelessly to ensure that we genuinely appreciate the intimate detail of every search we undertake. We believe in providing healthy challenge and honest feedback through each phase of the assignment, tackling potential issues collaboratively whilst offering constructive solutions throughout.

Our sole aim is to exceed expectations by providing a breadth of highly talented candidates delivered through a smooth and efficient process.

To achieve this we follow a number of clearly defined steps.

·         Agree the priorities of the search

Define the need through critical evaluation of the business and unique role requirements

Agree the responsibilities of the role and the person specification

Challenge the scope of the search – Salary range, sector expertise, academic/commercial skills

Finalise brief

·         Define target audience

Agree company target list for initial approach work

Utilise local and global relationship network to identify potential talent

Reference individuals who meet agreed criteria

Create a longlist of candidates for discussion

·         Approach work

Engage with target market to understand and evaluate suitability

Challenge competency, cultural and commercial skills

Evaluate personal and professional drivers

Finalise shortlist for client presentation

·         Shortlist presentation

Formal client review of all shortlisted candidates incorporating our assessment of both hard and soft skills vs. the brief

Provide supporting evidence of track record, career achievements, qualifications and fit

Agree client interview availability

·         Completion

Manage both client and candidate needs and expectations until the preferred individual is selected

Provide formal references

Lead the salary package negotiation process to finalise the offer

Support the on-boarding program through regular communication with both parties

Complete client satisfaction survey

Remain in touch with both client and placement to check on progress and transition

 INTERIM MANAGEMENT

With over 40 years combined experience, the Interim Practice has been at the forefront of one of the most dynamic and prolific service offerings within the Human Capital industry.

HW Interim provide experienced and talented interim and change management executives to PLCs, private companies, SMEs and private equity backed organisations for assignments in the UK and overseas.

The fabric of the Interim proposition consists of an elite network of senior Executives, all of whom specialise in change, turnaround or transformation. HW have met, vetted, referenced and known, many who are also clients.

Working alongside the Executive Search business we adhere to the same principles and high standards, enabling us to source the ideal interim to match our clients’ needs.

Our strategy is to develop longstanding partner relationships with all our clients. Working with a team of dedicated and experienced Researchers we are able to provide solutions within a 48hr timespan and with well over 90% completion rates.

The business offers both purist Interim cluster solutions as well as Interim to substantive options. Daily rates are typically between £850-£2000 per day.

For further information please visit the HW Global Executive Search website today.

Middle Management: Searching for that New Position

Middle Management: Searching for that New Position
If you are looking for a new role in middle management and have been finding it difficult to find vacancies that are relevant to your skills and experience maybe you should consider getting in touch with a specialist senior management recruitment agency, as they already have links with many businesses and organisations they will often get information about new job openings as soon as they become available.

Not only will using an help you find your next middle management position make you far more likely to find suitable posts, you will also be able to get any help or advice that you may need to make sure that you are getting the positions that you deserve and receive all the information and guidance that you may need when starting out on a new role so your career can really start taking the right direction.

No matter why you are looking for a new job or what industry you work within as recruitment agency’s get information about a wide range of available jobs you can be sure that they will be likely to find you a role that matches your existing skill set and experience so you can keep adding relevant new skills to your CV. With a range of temporary and permanent contracts often available you will also find that a recruitment agency is going to be likely to be able to find you flexible employment that fits in with your lifestyle, which is ideal if you have other responsibilities.

Whether you just fancy a change, are just starting out or are returning to work after a break a good recruitment agency will be able to help you get the roles that will help you to take your career further, with many short term contracts coming up with an immediate start to provide cover sometimes these can be an ideal way to add important experience to your CV across a range of different settings.

So if you are looking for a position within middle management and would like a bit of help finding suitable work why not consider signing up with a recruitment agency? With so many vacancies being listed with them as soon as they become available you are sure to find a really good role much more quickly than using other more traditional methods.

Recruitment Agencies for Senior & Middle Management

Recruitment Agencies for Senior & Middle Management

Sometimes finding a new job within senior & middle management can be so time consuming that it becomes hard to fit in around other areas of life, especially if you are already employed.

Simply finding suitable roles and filling in applications can take up more time than a lot of us really have and the interview process can also be lengthy, especially if you are required to attend more than one or have to complete any kind of tests, because of this many people choose to use recruitment agencies to help them with their search.

There are many recruitment agencies that specialise within certain areas so if you choose one that specialises within senior and middle management positions you will find that they are likely to have plenty of roles that are relevant to your skills and experience, helping to greatly reduce the time you could spend searching websites and newspapers.

Once you have signed up and all your information has been logged with a recruitment agency they can pass all you details along to prospective employers helping to make the application process as quick as possible.

Whatever your reason may be for looking for a new job within senior or middle management as recruitment agencies regularly hear of a wide range of vacancies including part time, full time, permanent and temporary they are likely to be able to find something for you that fits around your lifestyle and also helps you to further your career, and as short term roles can often come up that require immediate cover you may find that you get the opportunity to fill a role that you might otherwise not be likely to get helping you to add valuable experience to your CV.

Regardless of whether you are already employed, returning to work after a break or just starting out if you want to find a role in senior or middle management getting in touch with a specialist recruitment agency could not only help save you time and effort during the recruitment process they could also find you the perfect role before it is advertised elsewhere.

HW Global Executive Search

HW is a global Executive Search and Professional Interim business operating out of the UK.

Our focus is on the senior talent needs of a broad range of dynamic organisations from small capitally invested start-ups through to publicly traded multi-nationals. We have a significant breadth of functional and cross industry expertise that incorporates both local and global geographies, enabling us to genuinely appreciate diversity, cultural differences, social responsibility and how commercially business is done across continents.

We have a passion for challenging the conventional thinking of our clients, demonstrating an in-depth understanding of cross-industry synergies whilst representing high-potential and seasoned executives that frequently sit beneath the radar. Our candidates typically become clients meaning many relationships have spanned 3 decades; our commitment to consistently delivering best-in-class solutions is without compromise.

Our practice areas in Executive Search and Professional Interim are Consumer, Financial Services, Business Services, Industrial, CFO, CIO, Chair & NED.


EXECUTIVE SEARCH

In a dynamic and highly challenged economy the role of senior executives across all sectors, functions and geographies remains business critical.

Being able to recognise cross-industry synergies, attract business professionals who are passionate about utilising their skills in new areas, and applying decades of knowledge to

shape and support clients’ strategic initiatives remains at the heart of our continued success.

Having a global perspective and multi-cultural appreciation enables us to shape richly diverse executive teams helping our clients to achieve outstanding results.

Process

As a true client partner HW work tirelessly to ensure that we genuinely appreciate the intimate detail of every search we undertake. We believe in providing healthy challenge and honest feedback through each phase of the assignment, tackling potential issues collaboratively whilst offering constructive solutions throughout.

Our sole aim is to exceed expectations by providing a breadth of highly talented candidates delivered through a smooth and efficient process.

To achieve this we follow a number of clearly defined steps.

·         Agree the priorities of the search

Define the need through critical evaluation of the business and unique role requirements

Agree the responsibilities of the role and the person specification

Challenge the scope of the search – Salary range, sector expertise, academic/commercial skills

Finalise brief

·         Define target audience

Agree company target list for initial approach work

Utilise local and global relationship network to identify potential talent

Reference individuals who meet agreed criteria

Create a longlist of candidates for discussion

·         Approach work

Engage with target market to understand and evaluate suitability

Challenge competency, cultural and commercial skills

Evaluate personal and professional drivers

Finalise shortlist for client presentation

·         Shortlist presentation

Formal client review of all shortlisted candidates incorporating our assessment of both hard and soft skills vs. the brief

Provide supporting evidence of track record, career achievements, qualifications and fit

Agree client interview availability

·         Completion

Manage both client and candidate needs and expectations until the preferred individual is selected

Provide formal references

Lead the salary package negotiation process to finalise the offer

Support the on-boarding program through regular communication with both parties

Complete client satisfaction survey

Remain in touch with both client and placement to check on progress and transition

INTERIM MANAGEMENT

With over 40 years combined experience, the Interim Practice has been at the forefront of one of the most dynamic and prolific service offerings within the Human Capital industry.

HW Interim provide experienced and talented interim and change management executives to PLCs, private companies, SMEs and private equity backed organisations for assignments in the UK and overseas.

The fabric of the Interim proposition consists of an elite network of senior Executives, all of whom specialise in change, turnaround or transformation. HW have met, vetted, referenced and known, many who are also clients.

Working alongside the Executive Search business we adhere to the same principles and high standards, enabling us to source the ideal interim to match our clients’ needs.

Our strategy is to develop longstanding partner relationships with all our clients. Working with a team of dedicated and experienced Researchers we are able to provide solutions within a 48hr timespan and with well over 90% completion rates.

The business offers both purist Interim cluster solutions as well as Interim to substantive options. Daily rates are typically between £850-£2000 per day.

For further information please visit the HW Global Executive Search website today.