Published on: Thursday, December 29, 2011
Executive Job Creation Picked up in December
The number of employers expecting to recruit for senior-executive roles over the next six months is higher than the number of employers planning to shed management jobs during the same time, according to the results of an ExecuNet December survey of 126 executive recruiters.
Confidence in the Executive Employment Market — Next 6 Months
In December, ExecuNet's benchmark Executive Job Creation Index gained ground, which compares the number of companies expected to add executive positions over the next six months versus those planning to downsize their management teams or delay filling vacant management roles, registered a +18 reading in December, up 12 points from November.
"Companies are beginning to hire for growth again, and that's evident in plans to add top executives capable of pursuing new opportunities and building high performance teams around them," said Mark M. Anderson, president and chief economist of ExecuNet.
"Nearly one in four companies are expected to hire for new management roles in the next six months, and more than half are recruiting to upgrade talent in existing roles. Executive recruiters are expecting to take on more search assignments in the next six months, and we believe that's going to usher in good news for unemployed and transition-minded executives at least for the first half of the new year," Anderson added.
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.