Market Snapshot: A heavily candidate-driven market which is requiring increasing patience and investment by employers.
The Latest:
Product managers are in high demand and are often seen as critical hires to enable business growth.
Industry-specific experience is critical. Employers are generally only looking for top-tier candidates, focusing on those already performing to a high standard within an existing iGaming role.
In 2020-21, product managers who stayed with their employer feel increasingly supported and few are motivated to leave. Understandably, job security and loyalty is highly valued.
Salary increases of 5-10% used to be enough to recruit. Now, employers can only confidently secure a hire by offering substantially more.
Hiring processes too often last for many weeks, and even months. This is the #1 cause of lost candidates.
Companies who are offering more flexibility around location are securing better candidates. Many candidates already think 'on the ground' work is a thing of the past. It's now not unusual to hire talent on consulting contracts, outside of jurisdiction.
Key Takeaway:
Manage the hiring process effectively to keep candidates interested, and be prepared to pay more to secure an experienced hire.