Dan Welham Gives Some Advice About the State of The European Treasury Recruitment Market

Hello, it's Mike Richards here from the Treasury Recruitment company. I hope you're enjoying the Treasury Career Corner. If you are great news, perhaps you give us a rating on itunes or wherever you consume your podcast content. This means that even more treasury professionals can benefit from finding out, or by finding out about how treasurers have achieved their career goals. The link to Rate our show will list at the bottom of our show notes. And please remember as well, the show itself is as much about you as it is about us. There are specific questions you want us to ask, or there's feedback you want to give. Please drop me an email. My direct email is mikeresuryrecruitment.com inventibly enough. But anyway, that's enough from me. Let's get on with the show.

Hi everyone. So I just wanted to give you guys a quick update on a few things treasury recruitment related the first thing I wanted to talk about, and it's probably the question I get asked the most, what is the state of the treasury recruitment market in Europe at the moment? Well, we expected things to pick up in September once summer was out the way and people have returned from their holidays, but the truth is that didn't really happen. We were scratching our heads a little bit and then all of a sudden come October, November time, it's gone crazy again and we're certainly making up for that quieter period. So across Europe we've got roles that we are recruiting for at the moment in Switzerland, Belgium, Germany, Hungary, the Netherlands and France. These roles are across all levels, from treasury analysts and consultants to treasury managers and more senior opportunities as well. To add to that, we're coming out of 2018 now and we're heading into a new year where typically people start to reassess their careers and look for their next move New Year, New May. So with that being said, we expect the market to continue to get busier. So in essence, I guess the message is now's the time to get in touch. Whether you're a candidate looking for a new role for yourself or a client looking to add to your team, we're here to help guide you, give advice, and find the perfect match for you. And you never know, the right job or candidate might be right around the corner for you. The next thing I wanted to speak to you guys about is so me and Mike have just returned from the first ever Austria Treasurers Conference hosted by Actor. One of the key themes we discussed and were asked about a lot while we were there was the role of treasurers. Was it under threat by the advanced technology within treasury at the moment, everyone's wondering, are robots going to take over and take all your jobs? Well, guys, I hate to break it to you, but yes, yes, they are. But come on, seriously. Technology has come a long way and with that, a lot of the routine tasks have been automated.

I hope you're enjoying this week's show. I just want to interrupt briefly to invite you to be part of what we know to be the best Global treasury salary survey in the world. They're bold words, I know, but it's true. We're just approaching the 500 participant mark, so it's a survey of real value, but we still need your help. All you need to do to take part is visit. Treasurysalary.com takes about two minutes of your time from start to finish. And as a reward for taking part, you receive a free copy of our 200 page global treasury salary survey. It's a real practical use to you, whether you're a Treasury analyst in Chicago or a global treasurer in London. We give you the numbers you need. In the simplest terms, our survey helps you as a Treasury professional, understand what you should be paid. We benchmark your treasury compensation in relation to your peers, both locally and globally. So when you are next asking your boss for that long overdue pay rise, and you know you deserve one, well, you have the practical facts you need, just visit treasurysalary.com and I look forward to sending you the next copy of the survey. That's enough from me. Let's get back to the show.

But as you know, treasury isn't all about the routine tasks. Your roles need different reactions to unexpected events. This cannot be done by a machine. Any machine will only help you and support you in making decisions. Although you can't predict the future, you can certainly plan for it because change is the only constant. And if you can predict the future, let me know. As I'd love to know next week's lottery numbers, I wanted to also share some exciting news and actually it's exclusive to anyone watching this video. So of the early results from our global treasury salary survey are here. So we've had nearly 600 treasury professionals take part now from all over the world and the results are really interesting. So, out of 600 or nearly 600 of you that have taken part now, 72% of you. So nearly three quarters of you guys are happy in your roles. Great news. So that means me, Mike and the rest of the team should start looking for new jobs instead of being treasury recruiters then? Maybe not, because actually it turns out that 8 in 10 of you are still interested in looking at new roles. So our jobs are safe for now as you guys feel that now may be the time for a move after all. But we also wanted to know what was making 28% of you guys unhappy. Our survey suggests there are three key factors affecting how you're feeling. The top point was that the work wasn't fulfilling enough or lacked the variety you're seeking. The second was because of your boss or your manager. It seems when we have spoken to our participants, many treasury professionals don't seem to be getting the coaching or development maybe you hoped for. The third major factor was a lack of work life balance. So you're spending hours upon end in the office and you're missing out on quality time with your family or friends. You're not getting the chance to recharge your batteries. All of these factors would make anyone unhappy. Let's be honest now, you'd think that in a salary survey cash would be a big issue. But turns out it's maybe not so much. Amazingly, only 7% of you are unhappy because of your salary. It just goes to show that money isn't everything and there's so many other factors that can contribute to your happiness. Anyway, that's enough from me guys, and I look forward to helping you guys find your next role really soon.