Published on: Tuesday, November 30, 2010
Recruiter Confidence Jumps Amid Positive Economic Indicators
Executive recruiters are gaining confidence that economic growth, increased consumer spending and growing investor confidence will weigh positively on corporate business objectives — and management hiring plans — over the next six months.
In November, 61 percent of the 147 search firm respondents to ExecuNet's benchmark Recruiter Confidence Index expressed they were either "confident" or "very confident" the executive employment market will improve during that time, based on their read of corporate hiring plans stretching well into 2011.
Confidence in the Executive Employment Market Next 6 Months
That was up six points from the October index data, and in line with a significant rise in overall executive job creation forecasts likewise registered in November.Introduced in May 2003, ExecuNet's Recruiter Confidence Index is based on a monthly survey of executive search firms and recognized as a leading indicator for the economy and the executive job market. A reading above 50 percent indicates recruiters are "confident" or "very confident" the number of executive search assignments launched by employers in the next six months will increase.
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.