Executive recruiters' six-month forecast of growth of executive hiring activity softened in February but remains buoyant as client corporations continue to hire selectively for new management leadership roles and upgrade with new hires for existing roles.
Published on: Friday, March 04, 2011
Confidence Dips but Remains Buoyant
In February, ExecuNet's benchmark Recruiter Confidence Index revealed that 68 percent of 164 responding executive recruiters are "confident" or "very confident" the executive employment market will improve over the next six months. That was down seven points from January but still far above the territory this index ranged in over much of the past year.
Confidence in the Executive Employment Market – Next 6 Months
"Recruiters remain confident that as the economic recovery continues, more employers will be moved to add new management roles or to continue the kind of selective upgrading they've engaged in over the past several months," says Mark Anderson, ExecuNet's President and Chief Economist. "Recruiters believe they're going to have a good year, and that's reflective of broader corporate optimism and more career opportunities for proven leaders."
Introduced in May 2003, ExecuNet's Recruiter Confidence Index is based on a monthly survey of executive search firms and recognized as a leading indicator for the economy and the executive job market. A reading above 50 percent indicates recruiters are "confident" or "very confident" the number of executive search assignments launched by employers in the next six months will increase.
Joseph Daniel McCool
Joseph Daniel McCool is senior contributing editor with ExecuNet and principal of management recruiting/succession advisory firm The McCool Group. He is also the author of Deciding Who Leads: How Executive Recruiters Drive, Direct & Disrupt the Global Search for Leadership Talent, recognized widely as "one of the best business books of 2008," and its Brazilian Portuguese translation, Escolhendo Líderes, published in June 2010.
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