Executive management hiring predicted by US recruiters softened in June but extended a positive trend line, as companies expect to add more executive jobs than they plan to eliminate during the next six months, according to ExecuNet's June Executive Job Creation Index.

"Payrolls dropped in June, but there was little evidence of job elimination," said ExecuNet President and Chief Economist Mark Anderson. "The good news is 83,000 jobs were added in June by businesses or non-government organizations — 50,000 more than May — which says companies are still hiring, albeit at a slow rate. The slight dip in the unemployment rate from 9.7 percent to 9.5 percent is also encouraging."

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.

The June EJCI data, based on an ExecuNet survey of 174 executive recruiters, reveals more companies were expected to add executive talent than shed executive jobs through December 2010. As in May, the Index shows job elimination is expected to be at minimal levels through the end of the year as payrolls expand with the economy.

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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