Executive & Board Market Update

A look at the current market for board recruitment and executive matters reveals a mixed and challenging landscape.

We’re observing significant corporate restructuring and layoffs, with more expected in the latter half of the year. A key trend is growing discontent with CEO performance, leading to numerous briefs for CEO replacements. This puts pressure on internal succession plans and highlights the challenges HR executives face, including managing redundancies and potential Fair Work claims.

AI is often cited as an excuse for layoffs, but the reality is a tough economy impacting many businesses. The unemployment rate is expected to rise, and many executives are seeking multiple income streams to cope with the cost of living. On the board front, while some opportunities exist, particularly in the unadvertised market, there’s a clear expectation for directors to possess broad knowledge across various areas like cybersecurity and workplace psychological safety, rather than relying solely on niche specialisations like AI or geopolitics.

Curious about how your organisation is navigating these economic headwinds?

Learn more about our services: www.tigerboards.com.au and book a meeting with Kylie Hammond.