Our services

Market Research

Get insights that help you hire better and create a nurturing organisational culture.

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Get fresh market insights and

Hire smarter

Ready to make smarter moves? We are here to help.

In today’s turbulent job market, understanding data is crucial for identifying and securing the best talent out there. Our bespoke market research and mapping capabilities ensure you get key insights before launching your next hiring project.

Whether you’re unsure about the best approach to hiring a finance director in a new location or require any market intelligence, we’ve got your back. We use numbers and interviews to craft roles, fine-tune strategies, and ensure positive outcomes.

Our Process

Briefing

We meet to discuss and explore your requirements. We agree on the topics we will research, the methods we will use and the timescales. As an example, if you would like to set up a finance team in a new city, we can map the market and look into typical salaries, notice periods, your brand’s perception and the size of the suitable talent pools.

Research & Analysis

We will gather information systematically exhausting and mapping out the market using recruitment technology and our global network. We will then analyse the data both through qualitative and quantitative methods. 

Report & Discussion

As the last step, we will create a report in which we summarise and interpret our findings and suggest the next steps.

Market Mapping

Many businesses struggle to effectively map the market, benchmark salaries, and identify the available talent pools that align with their specific requirements, location, budget, and timelines. As a result, their hiring processes end up longer than necessary or they fail to fill the role.

We offer a comprehensive market mapping service that provides businesses with valuable insights into the current landscape, compensation benchmarking, and the candidate and talent pools they can access. Through our expertise and resources, we help businesses make informed decisions and develop effective strategies for attracting top talent to their organisation.

Our market mapping service serves as the crucial first step in our search services, providing businesses with the necessary information to understand the market dynamics and optimise their recruitment efforts.

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People Research

We recognise that each business is a unique ecosystem, grappling with its own set of challenges.

Our versatile research capabilities offer a nuanced lens, enabling us to delve into specific pain points that hinder growth and unravel the intricacies of modern workforce dynamics. Our adaptable research methods allow us to tackle specific challenges or uncover broader hiring trends. We’re experts in both qualitative and quantitative research, skilled in turning data into actionable insights.

We act as catalysts for change, our research provides invaluable insights into attracting and retaining talent from various diverse populations.

Whether you seek to fortify your hiring strategies, decode the enigma of work-life equilibrium, or champion diversity, our People Research service stands ready to sculpt a tailored roadmap that befits your unique aspirations.

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The Service Benefits

Strategic Market Insights

Gain a competitive edge by understanding key industry players, trends, and your market position, enabling strategic decisions that set you apart.

Salary benchmarking

Establish attractive compensation packages through comprehensive salary benchmarking, ensuring top-tier talent attraction and improved retention rates.

Targeted Talent Acquisition

Identify and tap into available talent pools based on location, budget, and requirements, optimising recruitment efforts and bridging skills gaps.

Data-Driven Recruitment

Leverage data-driven insights for strategic decision-making in recruitment, refining resource allocation and enhancing hiring strategies.

Attract the best

Cultivate a strong employer brand by positioning your business as an attractive workplace, standing out from competitors and resonating with high-calibre candidates.

Enabling positive change

Find solutions for attracting and retaining diverse talent and drive positive change within your organisation.

FAQ’s

  • What is market mapping? More

    Market mapping refers to the process of gathering and analysing data and insights related to the talent market within a specific industry or sector. This type of research is essential for executive search firms and organisations looking to hire senior-level executives, top-tier management, and specialised professionals. It helps organisations make informed decisions about their hiring strategies.

  • What are the benefits of market mapping? More

    1. Identifying Talent Trends: Market research allows you to stay updated on the latest trends and developments in your industry’s talent pool. This includes understanding which skills and qualifications are in high demand, as well as the compensation trends for executive roles. This knowledge is crucial for crafting competitive job offers and attracting top talent.
    2. Competitor Analysis: Understanding your competitors’ hiring strategies is essential. Market research helps you identify which companies are hiring similar talent and what compensation packages they are offering. This information can help you benchmark your own hiring efforts and ensure that your offers are competitive in the market.
    3. Market Positioning: Market mapping helps you position your organisation as an attractive employer in the eyes of top talent. By analysing the strengths and weaknesses of your competitors, you can identify areas where your organisation can stand out. This could include offering unique benefits, a better work-life balance, or professional development opportunities. Market positioning is crucial for attracting and retaining top executives.
    4. Tailored Search Strategies: With market research, you can develop tailored executive search strategies that align with the current market dynamics. For example, if there is a shortage of talent in a specific niche area, you can proactively identify and engage with potential candidates, even before a job opening is officially posted.
    5. Risk Mitigation: Market research helps you assess the potential risks and challenges associated with executive hires. By understanding the market, you can identify any scarcity of talent, potential compensation discrepancies, or other factors that might affect your ability to attract the right candidates. This allows you to develop contingency plans and mitigate potential risks.
    6. Cost Efficiency: Effective market research can lead to cost savings in the long run. By understanding the market dynamics, you can allocate your resources more efficiently, focusing your efforts on the areas where talent is most needed, and avoiding unnecessary expenses.
  • What kinds of research can STOIX do? More

    We can explore a variety of topics through both qualitative and quantitative research methods. We have previously conducted research into barriers experienced by female finance professionals and were able to provide solutions based on our findings that can help eliminate these barriers within organisations.

Interested in working with us?

Find out more about our Market Research services and how they can help your organisation plan for better outcomes.

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