Published on: Wednesday, May 09, 2012
Recruiter Confidence Slips but Remains Positive
A monthly ExecuNet survey of executive recruiters finds most are confident the executive employment market will improve over the next six months, despite some slippage in that hiring indicator last month and a flurry of headlines about the sluggishness of the broader jobs market.
Confidence in the Executive Employment Market — Next 6 Months
In April, ExecuNet's benchmark Recruiter Confidence Index revealed that 53 percent of 167 responding executive recruiters indicated they were "confident" or "very confident" the executive employment market would improve over the next six months. That was down six points from March, however, the benchmark index stayed above the important 50 percent level that historically indicates optimism for a broader expansion of the jobs market.
Despite losing some ground in April, recruiter confidence about their own business growth remains, as executive search firms expect a 16 percent gain in new executive search assignments over the next 12 months.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.
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.