More Companies Eye Growth, Create Executive Jobs

Posted By: Joseph Daniel McCool
Filed Under: execunet, joseph daniel mccool, business confidence, hiring, executive job creation index, executive recruiting

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ExecuNet's benchmark Executive Job Creation Index (EJCI) held positive for a thirteenth consecutive month in January as executive recruiters reported employers are more focused on rebuilding depleted management teams than they are in cutting existing executive jobs.

Forecast hiring among employers expected to add executive jobs in January topped those planning to eliminate or postpone filling top roles by 12 points, signaling a slow but steady rebuild of management resources as employers focus on executing their 2011 strategic growth plans, according to the poll of 188 executive recruiters.

"Hiring activity at the management level has increased in recent months in part because of how the broader US economy has fared, but in some cases reflects an upgrade of talent for existing executive roles," says Mark Anderson, President and Chief Economist of ExecuNet. "Job creation is following a slower but steadily improving course for experienced business managers, and employers are using their networks to attract the best talent."

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 Executive 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.

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Joseph Daniel McCool's avatar 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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Posted by Mark Soufleris
02/25 @ 04:05 PM

I can certainly validate your post from my recruiting practice's perspective. We have not been this busy since the first half of 2008 and after seeing a steady build of business throughout 2010, the first quarter of 2011 has seen a resurgence of previous clients returning to us for help in building their teams as well as new clients too. The vast majority of my recruiting colleagues are sharing this perspective as well, regardless of industry sector.