Korn Ferry opens headhunting arm as Brexit looms
GLOBAL recruitment and advisory firm, Korn Ferry, has opened an executive search division in Dublin as the listed headhunter pitches to become a key powerbroker in the recovering Irish employment market.
While the US-headquartered group gained a wide presence in Ireland after the group’s 2015 takeover of the human resources consultancy outfit Hay Group its executive recruitment activities were conducted offshore.
Korn Ferry’s expansion here is likely to shake up the already acutely-competitive recruitment sector and may herald the arrival of other international heavyweights, like its listed peer Heidrick & Struggles and the privately-controlled headhunting groups Spencer Stuart and Egon Zehnder International.
These names are well-known in global business circles – between them they have populated the C-suites and boardrooms of the multinationals for close to five decades. Typically they charge one-third of the success- ful candidate’s salary and bonus for a placement in the upper echelons of an organisation.
But Korn Ferry is the first of these elite brands to open a local executive search operation in Dublin.
The moves comes as unemployment continues to fall and the financial services sector looks set to expand on the back of Brexit.
Robert Wilder, Korn Ferry’s managing director in Ireland, stressed the firm’s decision to boost its Irish operations was not spurred by Brexit.
Instead he attributed it to the desire to “build on our existing capabilities” and unite Korn Ferry’s three distinct lines of business: its executive search arm, advisory services and its talent management and recruitment solutions arm, Futurestep.
While Mr Wilder acknowledged Brexit offers opportunities he said Korn Ferry is “unique” in its ability to offer “the full breadth of people and organisational solutions and products”. FACEBOOK is the most recommended tech company to work for in Ireland over the last 12 months, according to a new survey from jobs service Glassdoor.
The list is based on the input of current and former employees who reviewed their employers on Glassdoor.com over the past year. In all, 96pc of Facebook reviews on the service positively recommended the company as somewhere to work. A company spokesperson said that the tech giant has recently introduced an extension to bereavement leave. It also offers four months’ paternity leave to first-time fathers.
Marketing firm Hubspot, which is located beside the National Conventions Centre on Dublin’s north quays, took second place with a 94pc rating. Hubspot was the subject of scrutiny in Dan Lyons’ book, ‘Disrupted’, where the company’s US office was lampooned for its over-exuberance in providing “candy walls” and pushup training sessions among programmers.
Salesforce was the third-most recommended tech firm to work at in Dublin, while Google, SAP and Linkedin came next. VMWare, Microsoft, Airbnb and Intel completed the top 10.
“You wouldn’t stay in a hotel that didn’t have good customer endorsements, so why apply for a job at a company that isn’t strongly recommended by the people that already work there?” said Lauren Wright, director of Emea at Glassdoor. “The battle for tech talent in Ireland is fierce. Facebook is the boss in a tough category here.”
The Irish ratings were obtained from reviews left by employees based in Ireland from July 2016 to July 2017.