• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Cornerstone International Group

Executive Search Firm

About Cornerstone

About Cornerstone

The Cornerstone Edge

AESC

Leadership Team

Diversity, Equity, & Inclusion

Become a Partner

Play Video

Get to know Cornerstone

Retained Executive Search

Discover

Retained Executive Search

Assessments

Specializations

Consumer / FMCG

Industrial

Non-Profit

Finance & Private Equity

Life Science & Health

More...

Find an Office

North America

Latin America

Europe / Middle East

Asia

 Find an Office

 Find a Search Consultant

Coaching / Leadership Dev

Discover

Executive Coaching Services

Leadership Development

Board & CEO Advisory Services

Assessments

Find a Coach

News / Blog

News & Blog Posts

National Outlooks

Videos

Surveys

Press Releases

Popular Blog Topics

COVID-19

diversity

leadership development

Healthcare

executive search

executive coaching

women in business

Life Science

neuroscience

vitality quotient

Latest Blog Post

Asia’s Fast-Growing EV Market Will Disrupt Automotive Industry Recruitment

June 2, 2022
Contact
Outlooks Italy – 2020
National Outlook

Italy – 2020

Executive Search in Italy – 2020 Outlook

More Majors Take Recruiting In-House

After one year of “centre-right” coalition, a new government (centre-left this time) took office in Italy in late Summer 2019, with the goals of jump-starting growth, fostering social inclusion and securing financial stability. To achieve these goals the Country is supposed to aim at a comprehensive reform package, alongside modest and balanced fiscal consolidation, according to IMF in its annual review of the economy.

The strong political goal of Government and Parliamentary 2 Chambers is to stay in acceptable life until the end of 2023 after renewing the seat of the President of the Republic when new elections will be done.

Domestic issues, namely Alitalia, Arcelor-Mittal refinery, Morandi Bridge casualty v/s Highways, refugees, North-South differences, are inevitably influenced by international issues, namely Lybia, Trump, Brexit, EU, Iran/Iraq

Economics

OCSE projects Italy’s economy to grow by 0.4 percent in 2020; the economy faces obstacles from slowing Euro-Zone growth as well as from greater domestic policy uncertainty. This is reflected in the increase over the past year of sovereign borrowing costs. Beyond that, annual growth has to be projected “below 1 percent”.

To lift potential growth and enable Italy to narrow the income gap with its Euro area peers, as well as to facilitate a reduction in its high public debt (still 130% of GDP), it needs to tackle long-standing structural impediments to productivity growth. These include decentralizing the wage bargaining regime, liberalizing service markets, and improving the business climate.

Executive Search

Large international companies, such as Unilever, Amazon, McDonald’s, P&G, are more and more trying to become independent for Recruiting, leaving space for the Executive Search only and, in a limited number of cases, Coaching.

The big names such as Spencer Stewart, EZ, KF, are all active in Recruiting however low the level requested, while Temporary Work companies, such as Kelly Services, Ranstad and Manpower, are trying their best to go north to Recruiting. In this picture Cornerstone International finds itself sandwiched between the two approaches.

 

Giuseppe Campellone
Managing Partner

Cornerstone International
Via della Stazione di San Pietro, 29 – 00165 Roma
Tel +3906 638 4671
g.campellone@cornerstone-group.it

 

LinkedinFacebookTweetShareEmailPrint

Report by

Giuseppe Campellone Cornerstone Rome

National Outlooks

  • Italy – 2021
  • Italy – 2020
  • Italy – 2019
  • Footer

    Areas of Specialization

    • by Industry
      • Life Science & Health
      • Financial Services PE & Family Office
      • Industrial
      • Consumer
      • Technology
      • Private Equity
      • Infrastructure & EPC
    • by Function
      • Board Directors & CEO
      • Human Resources
      • Finance and Legal
      • Agile Talent
      • Sales & Marketing
      • Operations & Supply Chain

    Quick Browse

    • Find an Office
    • Find a Consultant
    • Find a Coach

    Services

    • Retained Executive Search
    • Board & CEO Advisory
    • Executive Coaching

    About Us

    • About Cornerstone
    • The Cornerstone Edge
    • Join Cornerstone

    Switch Language

    Connect with Cornerstone

    Copyright © 2022 · Cornerstone International Group · Sitemap

    Website Development by LimeCuda

    Member-Only Portal