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German News Releases

Job Market 2.0 – Which influences affect us tomorrow?

Jul. 21, 2010, Outplacement News

Labour market reforms and the financial an economical crisis have changed the basic conditions in Germany elementary. Leading personnel consultants risk an outlook. “Unfortunately many clients aren’t courageous enough to respond to the first positive boom signals. Many are waiting with new hires”, reports an expert of the sector. Richard Fudickar, Managing Director at Boyden International GmbH since 1999, is specialized in the placement of top executives in the consumer goods sector. He fears that once removed employments of companies sub-divisions will not be occupied again due to higher costs. As an effect of the crisis, there have never been that much temporary job contracts as today. For this reason the job market has become more flexible – a fact from which economy strongly benefits: It is easier for companies to recruit personnel in times of boom and to react on crisis scenarios, which means for employees to switch jobs more often. This is not necessarily a disadvantage for employees because if a fixed term-contract won’t be renewed after five years it does not mean a manager has done a bad job. He also could have done very well within the five years. In light of this a change of the employer is not a negative point in the personal CV anymore”, explained Richard Fudickar. The topic “outplacement” will become more common in the future and will in addition affect younger candidates. “This means an enormous change. In the past candidates for outplacements were over 50 years old – today we have candidates which are in their thirties”, Fudickar continues. The conclusion is: Employees who want to succeed in their jobs up to an old age despite fixed term-contracts and more job changes have to develop constantly.

The Hidden Champions in the Banking Business – Subsidy Banks

Mar. 4, 2010, Handelsblatt
By Dr. Rolf E. Stokburger

Subsidy banks ready to minimize consequences of global crisis in the small business sector. The consequences of the global economic crisis are obvious: The declining order situation led to decreasing revenues and profits. At the same time, banks themselves have to fight with the current crisis. New ratings, tightened equity expectations and new rules have made banks more conservative when it comes to lending money. Thus, small businesses still remain in a constant vicious circle of missing debt capital, shriveling equity and decreasing profits, resulting in a declining credit rating. However, subsidy banks do help. In 2009, KfW spent 50.9 billion Euro to support small to middle-sized businesses. As another example, NRW.bank gives away micro loans from 5.000 to 25.000 Euro in order to help entrepreneurs start up their own business. This action has lead to 400 new jobs.

360° Competition in the Financial Center Frankfurt – Adequate Employees needed

Feb. 24, 2010, Börsen-Zeitung
By Dr. Rolf E. Stokburger

The impacts of the global economic crisis have been severe in any financial city. New York and London as well as the Asian market - everywhere consolidation has taken place. It is estimated that about 160.000 jobs in the financial services sector have been lost due to the credit crisis. Depreciations and losses in value are estimated at around 700 billion USD. A process of unique dimension. However, Frankfurt as the financial capital of continental Europe, coped with the negative impacts of the crisis quite well. According to the Global Financial Centers Index (GFCI), Frankfurt is listed as no. 12, having reduced the gap to top players such as London and New York. Frankfurt did not suffer as much as the others from the financial crisis and it is now for them to take advantage of it.

Launch of Boyden Interim Management under Norbert Eisenberg

Feb. 3, 2010, Boyden International GmbH
By WBCO

Boyden Global Executive Search with headquarters in Bad Homburg (Germany) launches its new Interim business unit Boyden Interim Management (BIM) due to strong increases in the demand for Interim-Solutions for the top-management. Norbert Eisenberg will be responsible for the setup and development of Boyden Interim Management. Headquarters will be in Munich, Germany.

Attitude Change of Top-Management during Crisis

Feb. 1, 2010
By Dr. Rolf E. Stokburger

The consequences of the ongoing economic crisis are visible on most varied levels. In particular concerning human resources and personnel management a proper management is the basis sustainable success of a company. However, there is no guide for the correct leadership during economic crisis situations. The important factors relating to different firms and branches are strongly varying. In addition to these intra corporate parameters also the individual mentality of the executive board is crucial to the companies and employees ability to cope with the crisis. This means for every manager from small to upper sized firms a walk on a tightrope.

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