Executive-level hiring forecast by US recruiters remained positive for the seventh consecutive month, with companies expected to add more management jobs than they plan to eliminate in the next six months, according to ExecuNet's July Executive Job Creation Index.

"As job creation continues at a slow and steady pace, the real story is in the amount of quiet hiring going on," noted ExecuNet President and Chief Economist Mark Anderson. "The hidden job market is growing. Half of the hiring reflected in the survey is to replace or upgrade existing roles to fit new corporate growth strategies and talent needs."

The July EJCI data, based on an ExecuNet survey of 163 executive recruiters, reveals that more companies were expected to add executive talent than shed executive jobs through the next six months, with expanding companies outpacing those aiming to eliminate management roles by 15 percent.

ExecuNet's Executive Job Creation Index (EJCI) is based on a monthly survey of executive search firms and reflects responding executive recruiters' expectations of how companies will leverage the economy from a management talent point of view. The Index compares the number of companies expected to add executive positions over the next six months versus those planning to downsize their management teams.

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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