The senior redundancy epidemic; Compass countdown; SCA’s latest low
Welcome to an end-of-week update from Unmade. Today, we ask the long term cost for the industry of the short term savings made by cutting senior staff. We also share the dates for next month’s Compass roadshow.
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Topics
If you look at the broader jobs market – job ads have been dropping for the last 2 years: https://www.anz.com.au/newsroom/media/2024/september/anz-indeed-australian-job-ads-down-15-3-per-cent-in-2024/ (altho total employment has gone up)
We probably won’t see this change direction until interest rates drop.
As for ageism, it is present in all sectors but particularly acute in marketing. This obviously presents an opportunity for the canny recruiter. When you have incorrectly valued assets in the marketplace, someone can make a killing. I don’t believe in appealing to the better natures of people. My question to CMOs and MDs is: Are you greedy enough to let go of your presuppositions and hire some 50+ women?
Great way to frame that question.
It’s the catch 22 of being a senior person in the industry; you are asked into interview rooms due to your experience without applying, but then told after five rounds (and the sharing of significant IP) that you’re “too experienced” for the role.