Recruiters Confident As Small-to-Medium Sized Companies Lead Hiring

ExecuNet's benchmark Executive Job Creation Index (EJCI) held positive for a tenth consecutive month in October, as executive recruiters report employers plan to create more management jobs over the next six months.

The rate of hiring among employers expected to add executive jobs during that time outpaced those planning to eliminate or postpone filling top roles by nine points, extending a positive trend increasingly shaped by a steady increase in hiring by small-to-mid-sized companies with annual sales revenue between $11 million and $500 million.


"Small-to-medium sized companies really are beginning to reveal themselves as the engine in the middle of this slow but continued hiring recovery at the senior-management level, as they are creating new executive roles at twice the pace of their larger corporate competitors," says Mark Anderson, president and chief economist of ExecuNet.

"Executive recruiters who help fill those roles are also increasingly confident that the prospects for hiring activity after the coming mid-term elections will be positive," Anderson adds, "And with fewer companies reporting plans for management layoffs, the long awaited change in the environment for business investment and the tone of future hiring plans appears to be coming into clearer view."

ExecuNet's EJCI is based on a monthly survey of executive search firms and reflects responding executive recruiters' expectations of how companies are managing their executive talent needs. The Job Creation Index 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.

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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