Published on: Friday, May 06, 2011
Recruiter Confidence Showing Signs of Strength
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In April, ExecuNet's benchmark Recruiter Confidence Index revealed that 65 percent of 192 executive search firm respondents are "confident" or "very confident" the executive employment market will improve over the next six months, up four points from March.
Two leading indicators of future executive job market expansion — a monthly reading on recruiter confidence and a separate forecast of executive job creation — remain decidedly strong in the face of a variety of cautions about the continued growth of the broader economy.
Confidence in the Executive Employment Market — Next 6 Months
"Executive recruiters continue to maintain confidence that the broader economic recovery will move more employers to add new executive jobs to their payrolls over the next six months," says ExecuNet President and Chief Economist Mark Anderson. "The continued confidence levels signals that companies are growth-minded and optimistic for the future."
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 at 50 percent or above 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.