Even though the Middle East emerged much later than Europe and the US on the international business scene, numerous conglomerates and multinational companies have established some kind of a set-up in the region. Attracted by the promising growth potential, many multinationals have built large local and regional teams in the main cities such as Istanbul, Cairo, Dubai, Casablanca or Riyadh. Just like anywhere else on the planet, the progress of telecommunication, the increasing interconnectivity of cities by plane and the hiring of the first millennials, have shaken the established organizations to their core. Working space is expected to be friendly of modern design and even a place where you can have fun in. Permanent email and phone connectivity blurs the boundaries between home and work space. Businesses in the region are now challenging the traditional office space, where employees worked a rigid 9am to 6pm shift sitting at their desk. Video conferencing, informal meetings, and work on a project-basis require additional facilities.
One of the growing trends in the Middle East, which is gaining popularity day by day, is the flexibility for employees to work from home. Some of the cities in the region, more particularly Istanbul and Cairo, face horrendous traffic. It is not unusual for employees to spend 3 to 4 hours a day commuting. It is thus no surprise that home-office flexibility becomes as important as remuneration, benefits and job content, when it comes to attracting or retaining talent.
In the recent years, multinationals have started to adopt an open space set-up to reflect their values of transparency and teamwork. Directors and Managers are now invited to join their teams in an open space. Meeting rooms offer the required confidentiality for conferences and sensitive conversations. This is sometimes hard to digest in a region where a private office stands for position and status.
An even more advanced form of this trend is desk-sharing. The idea came as a solution to reducing office costs, which may well be the second largest expenditure after payroll, while desks are often underutilised. Consultancy firms whose teams often spend most of their time at client sites, lead that initiative, which enabled them to improve their P&L significantly.
Newly-founded businesses are early adopters of nomadic work habits. Co-working is booming in cities like Dubai, a hub for regional start-ups. Flexible desks and meeting areas are offered by well-known global players in flexible workspace solutions, however independent co-working spaces are flourishing. Even the government-managed free-zones are now offering workspace to newly registered companies.
This whitepaper attempts to highlight trends on the workspace evolution in the Middle East region, and how the latter impacts on international businesses. We believe the best way to explore these trends would be through testimonies of people that have led and/or coordinated their implementation in their business environment. We selected key note speakers, each one representing one of four key markets in the region: Dubai, Egypt, Turkey and the Kingdom of Saudi Arabia(KSA) and asked them the same questions for consistency.
We hope that our exercise will provide you with interesting insights and perhaps some food for thought.
SpenglerFox are pleased to announce a strategic alliance with Cowley Brown Recruitment which will see both companies look to grow and expand their retained executive search business in Ireland. Cowley Brown is based in Dublin with a mix of retained and contingency search business mainly in the Irish healthcare sector and as a consequence, also in the UK and Middle East. SpenglerFox is a leading retained global Search & HR services firm, with Irish heritage, across multiple territories serving both the mature and emerging markets. This new alliance will target the retained executive search business in the Irish market with an initial focus on C-suite roles in Life Sciences and related sectors, but will also create an opportunity for Cowley Brown to engage with SpenglerFox jointly on assignments in other countries around the globe. Through this strategic alliance both companies will bring considerable added value to their respective domestic and international clients, Cowley Brown having successfully built up a considerable local footprint in Ireland and SpenglerFox having a strong international brand as a retained executive search expert, with a wide international reach for sourcing the best talent for their clients. Jens Friedrich, CEO of SpenglerFox, added ‘’Following our Management Buy Out in 2017 we have been focussing on increasing our specialised expert industry knowledge as well as expanding our geographical reach and Ireland has been a priority market on our radar. We are delighted to form this new alliance with Ken and his Team at Cowley Brown. Such an alliance will give SpenglerFox the executive search exposure in the ever improving Irish market, while also continuing to strengthen our Life Sciences practice and serving our international clients who are expanding into the Irish economy.‘’ Ken Cowley, Director of Cowley Brown, is very excited about this new alliance for his firm, and says; ‘’We feel this was the perfect time for us to strike this arrangement with the team at SpenglerFox due to the continuing growth in the Irish economy and our own growth over the last 12-18 months. We have seen an ever increasing demand from our clients for assistance in helping to fill key C-Suite roles, so we are very much looking forward to the prospect of tapping in to the resourcing strength, market-specific expertise, and the global reach that our new business colleagues at SpenglerFox will provide. Also, we feel that the values of our two organisations are highly aligned, with a massive level of enthusiasm for finding top talent and for putting our clients at the centre of everything we do.’’ Both companies feel that there continues to be significant opportunities in the Irish market, as both FDI and indigenous Irish companies continue to expand. The combined set of strengths of both teams, as well as the level and quality of existing contacts and candidate-reach, means that ambitious targets are being set by the new strategic alliance, and both companies are very much looking forward to an exciting future, collaborating on multiple assignments together, both in Ireland and internationally in the best interest of our respective clients.
The Budapest Business Journal – Book of Lists 2018/2019 is an industry guide unique to Hungary and provides company data of 2,500 of the largest companies in more than 70 fields. We are pleased to share that SpenglerFox ranked 3rd amongst Executive Search firms in Hungary. I am delighted once again by this recognition of our services to the Hungarian market. Since our Budapest office first opened in 2005 we have been continuously identifying the very best senior executive talent for our clients businesses. As we now enter the second year of our MBO in 2017 our team in Budapest is continuing to grow and our Research team strengthened to further support our client and candidates as they evolve. Jens Friedrich, CEO
Delighted to gather our entire company in Frankfurt one year post our MBO for two packed days of relationship building, learning and fun. Since our MBO in July 2017 this was the first All Staff event, there was an incredible atmosphere and energy, we certainly needed the energy to help us through the networking, workshops and of course the party! No event is ever complete without an award ceremony, so we presented our staff with more than 10 years tenure travel vouchers, we’re really proud that 50% of our Foxes have been with SpenglerFox between 5 and 14 years! Damien Stork, Chris Beedle and Dan Godsall from Chamonix Hard Cross joined us on day two to take us through their Personal Eco System program. Showing and reminding us why our environment, sleep, exercise and nutrition can help our mental performance, and find more time for that work/life balance. It was great to get the family together once again, so many friendships strengthened, already looking forward to the next. Jens Friedrich, CEO.