Observed Trend - Cost Controlling

I N D U S T RY I N S I G H T SO B S E RV E D T R E N D : C O S T C O N T RO L L I N G

OBSERVED TREND: COST CONTROLLING

Over the last few years many global Financial Services

and Insurance/Reinsurance companies have been in the

media due to the drastic cuts made to the size of their

departments. Their aim is to reduce costs for the business

and a simple solution has been to reduce the headcount.

However, companies are now seeking new, longer term

solutions to reduce cost while still being able to grow.

Due to these changes within the market, a leading

reinsurance client has recently expressed an interest in

Controlling and Finance Managerial candidates with Cost

Controlling backgrounds.

Our client is finding that many of the strongest candidates

with Cost Controlling experience come from industrial

and manufacturing multinationals. This is because these

candidates are more likely to have a broader exposure to

all areas of the business and innovative solutions for more

physical cost reduction.

Previously, Financial Services were unlikely to show interest

in candidates with industrial backgrounds; however their

experience is now considered a benefit.

By using our services, we can provide fully screened candidates who have strong Cost Controlling backgrounds from Industrial

and Manufacturing Multinationals. This brings fresh experience and ideas to the field of Cost Controlling, allowing a business

to reduce its cost and still maintain growth year on year.

Companies are actively looking for industrial backgrounds with Cost Controlling exposure, but unable to find good candidates.

This trend is particularly visible in Switzerland.

Candidates from Financial Services/Insurance who do Cost Controlling tend only to consider reducing head count when they

want to reduce cost. This is not a viable long-term business solution. Innovative industrial candidates are not actively applying

to Insurance/Financial Services roles.

Many industrial candidates may be interested in such a move, but are not aware of the possibilities. By headhunting passive

candidates, who are not actively looking for such positions, we are able to provide excellent experienced profiles. This trend

is affecting both junior and senior roles.

HOW HAS THIS TREND AFFECTED RECRUITMENT?

HOW TO DEAL WITH THIS TREND?

33 King William Street

London

EC4R 9AS

UK

+44 203 005 5575

Landsberger Strasse 155

Munich

80687

Germany

+49 8957959 423

Leutschenbachstrasse 95

Zurich

8050

Switzerland

+41 44 308 3958

[email protected]

www.dsjglobal.com

3 Church Street #09-02

Singapore

049 483

Asia

+65 6589 4458

245 Park Avenue

New York

NY 10167

USA

+1 212 209 7311