Search Firms Follow Conservative Course Amid Economic Uncertainty

Posted By: Joseph Daniel McCool
Filed Under: joseph daniel mccool, search firms, search firm hiring index, executive employment market

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Executive recruiters — like many other business owners these days — remain cautious when it comes to investing to rebuild their firms.

In July, ExecuNet's benchmark Search Firm Hiring Index revealed that 21 percent of 154 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months, down just one point from June.

Percentage of Executive Search Firms Planning
to Hire Additional Professional Staff — Next 3 Months

Most executive recruiters want to see a sustained gain in management hiring activity before they invest to rebuild the teams many had to disassemble during the economic recession and the slowdown in hiring it prompted.

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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.