Executive recruiters see four-out-of-five employers either creating new executive management roles or, to a greater extent, trading up with new hires for existing management roles to drive business performance in the next six months.

ExecuNet’s benchmark Executive Job Creation Index (EJCI) held positive for a fourteenth consecutive month in February as 169 responding executive recruiters reported they expect 51 percent of employers to leverage the current economic climate by trading up to strengthen their management and 30 percent to add new management roles. Recruiters anticipate that, over the next six months, only 14 percent of employers will choose not to add new executive positions, only 3 percent to leave existing management vacancies unfilled, and only 2 percent to eliminate executive jobs.

"Jobs are being created across the economy, and at least from the view of executive recruiters tasked with infusing new talent into growth-oriented companies, more will be added at the senior-management level over the next six months, especially in strengthening industry segments such as healthcare, high-tech, biotech and clean and great technology," says Mark Anderson, ExecuNet’s President and Chief Economist.

"Just as telling as we look ahead through the next six months, recruiters report that only a small number of employers are still considering management cutbacks," Anderson adds. "That’s good news for the economy and mirrors the increasing opportunity we’ve been seeing for proven business leaders to build their network and make themselves visible to the business leaders and executive recruiters who increasingly want to understand how they can help overcome today’s business challenges."

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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