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Specifics of the CEE- SEE talent market. Western-Balkan region countries. -Region has more than 20 million population -High GDP growth before the economic-crisis , major privatizations still underway -Region attract ed above 10 billion EUR FDI’s/year
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Western-Balkan region countries -Region has more than 20 million population -High GDP growth before the economic-crisis, major privatizations still underway -Region attracted above 10 billion EUR FDI’s/year -Countries are allready members of the EU and NATO -Several countries are using the same language
Eastern-Balkanregion countries • -Region has similarly 29 million population • -High GDP growth expectations before economic-crisis, • Major privatizations still underway • - Countries are already members of the EU and NATO
What are corporate challenges in the region? • Managing through recession • Securing the business, obtain financing • Dealing with redundant employees • Pressure to recruit and retain the best-especially difficult in some countries as the pool of talented individuals is very small • Responding to candidate needs • Making HR a strategic partner to managament-too often HR still seen as an administrative rather than strategic function
Globalwarfor talent in recessiontimes-is regionanydifferent? • Not just among companies but among countries • For 75% of HR executives, attracting and retaining talent is a No.1 priority • 40% of employersworldwide having difficulty finding talent • Restrictive immigration conditions in place to protect nation’s assets • New type of jobs in demand for anti crisis business models Source: Peter Felix, President, AESC
Main challenges for HR managers • Domestic talent without necessary skills • Low mobility, little international experiences • Difficult hire-fire policy • Aging populations-negative demographics Important issues
Governmentalprogramsduringtherecession • Slovenia: 60 EUR donation/person for shortening the working week to 36 hours, additional 60 EUR if shortened to 32 hours, state guarantees for banks (12 billion EUR) • Croatia: no concrete actions yet defined • Serbia: temporary stopped income tax on stocks (2012) and saving deposits, freezing price increases on gas + electricity for individuals • Bosnia & Herzegovina: no concrete actions yet defined • Montenegro: no concrete actions yet defined • Macedonia: 10 measures adopted. Total aid 330 million euros (four years grace period for healthcare contributions, write-off interest on personal income tax, reduction of customs duties…) • Romania: Among measures announced, two are seen as very important for business: a six month delay for fiscal obligations that were not paid in due time because of the economic crisis payment within 45 days of state arrears to companies, such as the reimbursement of value added tax (VAT)
Most wanted profiles-Slovenia • Managament consultants • IT experts • HR Managers • Sales directors-accross all industries • Manufacturing heads of departments • Real estate development engineers • CFO’s in industrial sectors • SAP consultants • Pharmaceutical industry experts
Most wanted profiles-Bulgaria • Financial Services – Risk Managers, Debt Collectors • Insurance – all leves • BPO and Offshoring positions across the board • Sales directors-accross all industries • Retail – across the board
Most wanted profiles-Croatia • Machine Engineers • Constructing Engineers • Experts in Finance • Accountants • HR Managers and Experts • Various Sales Profiles and Managers • Store Managers • Computer Engineers and Developers • Managers in Tourism
Most wanted profiles-Serbia • Plant Managers • Real estate-all functions as real estate development is booming • International Financial Experts • Accountants and Tax Experts • HR Managers • Retail Directors and Heads of Departments • CIO’s and IT developers • Managers in Tourism
Most wanted profiles-Romania CEO & CFO - Strategic senior BOA and top management positions Sales Directors KA Director Retail Management Aquisition and Senior Buyers Banking - Recovery and Work Out positions
About us • One of the first executive search firms established in Hungary 1991; • Strictly retained; • Fully operational in the Adriatic region since 2000; • 90% of our clients are international or regional companies active in the region; • Has operations in in Hungary (Budapest),Ljubljana (Slovenia), Zagreb (Croatia), Belgrade (Serbia)an Bucharest (Romania)and in Bulgaria; • Assignments completed also in Czechia Slovakia, Bosnia & Herzegovina, Serbia and Macedonia; • Member of global executive search umbrella organization Cornerstone International Group (www.cornerstone-group.com)
Our services • Executive Search & Selection • Interim managament • Assessment, sucession planning • Management Audit • Outplacment • Assessment Center • Organisation Development • Executive Coaching
Our strenghts • Knowledge of the region • Effective cross-border capability • Language capabilities-we are serving the clients in English, Hungarian, German, Slovene, Croatian, Serbian and Romanian language + understand Macedonian • We are highly transparent • We offer strongest off-limits on the market-24 months • Our guarantee is 12 months
Sources • Factiva, Dow Jones • See News • Economist Intelligence Unit - Business Eastern Europe • The Central Intelligence Agency (CIA), USA • Bank of Slovenia • European Pensions & Investments News • AII Data Processing Ltd. • National Bank of Serbia • Central bank of Montenegro • Central Bank of BIH • Agency for restructuring and foreign investments of Montenegro • JAPTI ,Public Agency for Entrepreneurship and Foreign Investments of Slovenia • Hewitt Associates • SEEurope.net • National Employment Relationships Acts • CIA World facebook 2009 • German Trade Invest, DUIHK, Tradingeconomics • See Biz
Contact Sándor Söpkéz Managing Director EastEuroCo Executive Search Group Tel: (+36)-1-363-5624 Fax: (+36)-1-363-7228 Mobile: (+36-70-978-2807 e-mail: sandor.sopkez@easteuroco.hu