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Market Report for Italy 2018-2019

Market Report for Italy 2018-2019

Matteo Muscio Market Insight

We are glad to share with you Frazer Jones’ first annual report for the HR world in Italy. It is a brief and clear picture on the ongoing evolution of the HR function, with particular focus on what we believe will be 2018’s most demanded skills and profiles and their relevant salary brackets. The findings, obtained with the insight given by HR leaders and the analysis of our survey results, aim to offer valuable information related to hiring trends for both generalist and specialist profiles.
 
Thank you to all of you who contributed, and we hope you will find the report of interest.
Market Overview: the continuous evolution of the HR function between 2017 and 2018
 
The HR market in Italy has been incredibly busy and we expect this to continue into 2018. Companies are undergoing reorganisation due to a need to restructure or a merger/ acquisition. This has led to a review of the HR function resulting in it becoming a more business-focused role. As a result, we have seen a gradual shift within international companies on the reporting line; from an HR Leader, to reporting directly to the business. This has inevitably impacted on the skills sought in HR roles, increasing the demand for profiles with analytical and commercial skills to really understand the business and anticipate its needs. For this reason, HR Managers and HR Directors should have a dual approach; from one side focusing on the big picture aligned to company’s future goals, and on the other, maintain a very hands-on, close to the business mindset.
 
We have also noted a market increase in the requirements for talented reward experts with business partnering mentalities who deliver strategies to drive performance. This has led to  a strong investment in HRIS systems, which empower the business managers to control the day to day life cycles of employees thus giving the business partners a stronger handle on the more strategic areas of the business.
 
Following on this trend, companies are looking to invest in inhouse support for talent attraction, learning & development and employer branding, instead of seeking external support from head hunters or external suppliers, as shown in the below graph.
 
In the near future, the HR profile will move away from the more operational, labour heavy profile seen so far, to become a partner for the business, empowering line managers by giving them all the tools to do fulfil their jobs in a more complete way, while providing performance-driven strategies to support the business goals.
 
However, despite us noticing a change in the HR function, Italy remains highly regulated and complex; thus, knowledge of the local laws, industrial relations and unions remains a key set of skills in most of the HR profiles sought for. As confirmation of the above, the survey shows a higher number of generalist profiles than specialist ones, this is due to the very nature    of Italian companies - small and medium sized - where HR departments are not very structured and usually more focused on administrative rather than business tasks.
 
Therefore, for the above reasons, we foresee an increase in the requests for specialist profiles such as Talent acquisition & Employer Branding, Talent Development and Talent Management. However, the changes will take time as we are still noticing a primary request for more generalist roles (at all levels).
Remuneration
  • As you can see from the graph below, salaries in Italy are mainly connected to the size of the company, the job title and years’ experience developed in the sector.
  • According to our survey, 67% of respondents are between extremely happy and happy in their current role. In this context we have noticed that the majority of our respondents will consider a move mainly to take a step further in their career, to embrace new intellectual challenges, and ultimately for financial reasons or to improve their work-life balance or office location.
 
About Frazer Jones
 
We are the world’s largest specialist HR search and recruitment firm.
 
With 11 offices, over 80 consultants and a track record since 1996, we are a global leader focused exclusively on HR talent recruitment. Our 21 years of practice has enabled us to build an extensive international pool of candidates across the full spectrum of HR specialties. Our clients range from small start-ups and medium enterprises to large well-known global corporations with tens of thousands of employees on all continents.
 
We work across all industries including finance, logistics, travel, manufacturing, technology, telecommunications, retail, pharmaceuticals, biotech, oil & gas, chemical and luxury goods. We also work with some of the world’s leading consultancies in selecting both their in-house HR leaders as well as HR, change, transformation and reward/ global mobility consultants.
 
Download the full report here