CONCLUSIONS

What are the key influencers set to drive hiring over the next year?

Anticipated hiring 2023 – 2024

Over the coming financial year, Private Market firms will continue to afford equitable talent acquisition to grow and develop diverse teams and adapt to the changing market needs.

General Partners are increasingly under the microscope for diversified teams Since diversity is not a one-size-fitsall approach, we want to see how organisations will further define what diversity means to them and how this will inform talent acquisition, retention, and development strategies

Considering EU regulations informing responsible investing principles and the United Nations’ SDGs, Limited Partners are raising their demands which means that ESG and Sustainability teams will be scaling up rapidly

Of all the investment strategies, it is said that co-investing will be distinguished as more buoyant with investment activity As a result, we expect that co-investors will showcase most investment professional hires over the next year

Whilst there are encouraging talent acquisition expectations, the likelihood of fundraising facing a degree of headwinds and a lengthier due diligence process depicts instances where non-critical business hires will be approached less aggressively. These non-critical hires may be regarded as those who either do not contribute to the bottom line or could be more influential in the growth of an organisation

How can you stay competitive in an evolving hiring market?

Staying ahead of the talent demand

It is apparent that having a thoughtful talent acquisition strategy which is attentive to the evolution of the market is critical.

In this case, not only compelling remuneration structures but also exclusive variables which allow organisations to stay ahead of competitors.

Flexible working arrangements should be supported, especially where workforces are addressing gender imbalances.

Skilling and upskilling should remain an ongoing part of talent retention and talent development

The most successful hiring strategies will however be seen in streamlined and efficient hiring processes. This ensures a greater probability of securing talent, especially those who hold unique skills and those who are the aspired employees of many.