Join Now  |  Member Login  |  Recruiters
Contact Us 800-637-3126
Market Intelligence Market Insights
 

Filed Under: Business Confidence

Published on: Monday, November 25, 2013

Job Creation Index Less Optimistic than Jobs Report

Comments (0)
 
ExecuNet's exclusive Executive Job Creation Index dipped slightly to +7 in October from +13 in September. This continues to be a pattern of up and down slow growth expectations by executive recruiters toward the executive employment section for the next six months. Recruiters still believe just one in five companies will add executive staff in the next six months and that has been basically true for the last 10 months.

 

Published on: Wednesday, November 20, 2013

Recruiter Confidence Index Shows More Uncertainties Ahead

Comments (0)
 
The most recent US Jobs Report was a very good one, indicating over 200K+ jobs were added to the economy in October. This job creation was a surprise to economists, as they were only expecting a little over 100,000 jobs to be added. The day before, the US government indicated that in the third quarter US GDP grew at 2.8 percent, again above economists' expectations.

What does it mean to executives in a job search or leaders looking to add to their teams?

 

 
The executive jobs picture has not changed much as we march into the fourth quarter.

Despite, or as a result of, the uncertainty in Washington, there is no major robust change in the slow growth trend we have seen for employment in 2013. Forty-plus percent of executive recruiters think the executive job market is going to improve in the next six months (our exclusive Recruiter Confidence Index is at 42 percent in September and has been in the low 40 percent area for most of the year). History tells us that if our RCI gets above 50 percent, we'll see real growth in executive hiring.

 

 
Our monthly executive Job Creation Index ticked up slightly in September from +7 to +14 as recruiters felt that fewer companies would be delaying the filling of open positions over the next six months. You could say the good news is that recruiters are a bit more positive about company intentions to hire, despite the uncertainty coming out of Washington.

 

 
The tone of the executive hiring market turned less optimistic in August. After hovering for five months in the mid-40s, our Recruiter Confidence Index dropped to 39 percent. Importantly, the number of recruiters not confident that executive hiring would increase over the next 12 months climbed to 18 percent, the highest it has been since the end of last year.

 

 
After a positive move upward in July to +21, our exclusive Executive Job Creation Index moved lower to +7 as recruiters reported that more companies were putting hiring plans on hold and slightly fewer companies were expected to add executive jobs in the next six months. We are back to where we were one year ago in terms of expected job creation at the executive level.

 

 
ExecuNet's exclusive Recruiter Confidence Index continued to hover at 44 percent in July and in the low 40 percent range for the fifth month in a row. This continues to indicate that recruiters are not expecting, over the next six months, a major change in the modest level of executive job growth we have seen over the past year. If the RCI were to move above the 50 percent level, we would expect a more broad-based growth in executive hiring vs. the pockets of hiring we have seen recently.

 

Published on: Wednesday, August 14, 2013

Climbing Out of the Quagmire, One Step at a Time

Comments (0)
 
The US economy continues its slow but steady recovery.

The real estate market is improving. Jobs are being added. Business and consumer spending is generally improving and there's nothing in the short-term that threatens to knock these positive developments off their current momentum. Despite the challenges that remain, business executives should be optimistic about the short-term despite whatever long-term concerns they might harbor related to bigger, public policy issues such as the federal deficit, the national debt and Americans' questionable capacity to provide for their own retirement.

 

 
ExecuNet's exclusive Executive Job Creation Index moved higher in July to +21, as recruiters reported that one in four companies were intending to add executive jobs in the next six months. This is the highest level of expected job creation we have seen since February of 2012, and it up from +13 in June, when recruiters said one in five companies would add jobs in the next six months.

 

 
The June US Jobs Report showed solid job creation at 195,000 jobs. With upward revisions to April's and May's numbers the last three months have been solid at 196,000 jobs added. With the average over the last 12 months of 182,000 jobs added each month, this doesn't represent a breakthrough rather than a continued positive direction. To put it in perspective, most recoveries generate over 250,000 jobs per month so we are not at those levels. The biggest increases in jobs came in hospitality, business services and retail.

In June, ExecuNet's exclusive monthly Executive Job Creation Index (JCI) confirmed signs of a mixed view of jobs creation. Though the JCI remained fairly constant at +13 in June, the number of companies expecting to eliminate jobs in the next six months dipped almost 2 percent, while the number expected to add jobs dropped the same 2 percent.

For the job seeker, the news is positive overall but not a change in trend. For recruiters, it means that companies continue to manage their senior talent closely with only pockets of opportunity.

 

 
At 43 percent, ExecuNet's exclusive Recruiter Confidence Index continues to show recruiter confidence for the next six months will improve. It has remained at this level for the third month in a row, which confirms no change in overall executive hiring. If the RCI were above 50 percent, we would be looking for a more broad-based expansion.

When you are used to being on a bit of a roller coaster, stability feels like good news, and certainly the solid and more consistent tone and remarks from the Federal Reserve about ending quantitative easing is a hopeful sign that the economy is becoming stronger.

 

 
There are pockets of growth in the executive job market. ExecuNet's exclusive Executive Job Creation Index rose slightly to +14. That is up from +7 in April, but showing no signs of a breakout. It rose because the number of companies expected to add executive level jobs in the next six months rose from 16 percent to 20 percent, and the number of companies expecting to eliminate executive jobs in the next six months declined from 4 percent to 1 percent.

However, this +14 level does not suggest a breakout in demand for talent — though there is hiring.

 

 
The "tea leaves" for the next six months continue to point neither to an expansion of the executive job market, or to a further slowdown.

Our exclusive Recruiter Confidence Index continues to show that about 45 percent of recruiters think the executive job market is going to improve in the next six months. This has been constant for the last three months. Importantly, 43 percent are in the "middle" and only "somewhat confident" it will improve, and 12 percent are not confident at all that it is going to improve — clearly in industry sectors that are not showing signs of growth. The May US Job Market Report just came in and points to job creation at about 175,000 jobs per month — no breakthroughs seen there either.

 

 
Business and consumer confidence levels have, in recent years, become increasingly popular barometers of economic health. Whether it's a survey of CEOs' outlooks on growth and hiring, consumers' views on just how much they'll spend ahead of the holiday shopping season, or ExecuNet's own monthly tracking of what executive recruiters see over the horizon, confidence means a lot when uncertainty is high.

 

Published on: Wednesday, May 22, 2013

Job Creation Remains Constant

Comments (0)
 
The April jobs report showed a rebound in new jobs added back to the average we have seen for months — 165,000 jobs — and the unemployment rate declined slightly to 7.5 percent. Economists only expected 140,000 jobs to be added, and they thought the unemployment rate would remain steady. The good news is that the very negative initial estimate of jobs added in March of 88,000 was revised to 138,000 jobs added and February's strong showing of 268,000 jobs was revised up to 332,000 jobs added.

The government also recently released GDP growth for the first quarter at 2.5 percent up which was a rebound from +.4 percent from the fourth quarter and back to more consistent levels of the last year.

 

 
At 42 percent in April, ExecuNet's Recruiter Confidence Index, languished just below the 50 percent mark which indicates a major advance. Solid, but not breakout, job creation and economic growth is likely to continue into the second quarter, unlike last year when it did not follow through and dipped back after a fairly strong first quarter, averaging just 100,000 jobs added per month.

 

Published on: Wednesday, April 17, 2013

Fewer Companies Expected to Put New Jobs on Hold

Comments (0)
 
ExecuNet's Executive Job Creation Index strengthen a bit in March. One in five companies continue to indicate that they will be adding executive jobs in the next six months. The good news is that companies previously suggesting that they were putting jobs on hold declined to just over 3 percent. If there is good news, retained recruiters are more bullish than their contingency counterparts. This suggests companies are having trouble finding the right talent and turning to retained recruiters as a result.

 

 
ExecuNet's exclusive index of recruiter confidence remained in the mid-forties — below the important 50 percent level that would signal a major advance — and well above 30 percent where it languished last year. Since this measure of confidence is forward looking, it may suggest the dip in job creation is not a new trend. Given the up and down of the market the last several years, we see this weakening as just more ebb and flow in slow upwardly trending market.

 

Published on: Tuesday, April 02, 2013

Something’s Gotta Give

Comments (0)
 
How can enterprise expectations for better performance continue to escalate when the resources required to achieve it continue to dry up?

That's the question many ExecuNet members are asking as they log incredibly long hours and seize on gains in efficiency only to feel that their own work levels are simply unsustainable. Welcome to the 'What have you done for me lately?' economy.

 

 
There was some good news from February's US Jobs Report. The Labor Department reported that 236,000 jobs were added in February, which is well above the average of 195,000 jobs added over the last three months and the average of about 150,000 added over the last year. Further good news was the unemployment level fell from 7.9 percent to 7.7 percent.

 

Published on: Tuesday, March 05, 2013

Why a Dysfunctional Congress Matters Even More

Comments (0)
 
Most business leaders – no matter their political persuasion – would agree that the gridlock and division that has permeated the nation's capital in recent years is creating material, negative impacts on business growth.

The partisan sniping we've witnessed has led to a sharply divided and largely dysfunctional Congress and has created an unprecedented level of uncertainty and lack of confidence among business executives. There are so many issues at hand, the US economy is now especially sensitive to the political currents – and that's not good for the business climate.

 

 
ExecuNet's Executive Job Creation Index dipped from +15 to +8 in January, 2013. Recruiters still expect about one in five companies will add executive level jobs in the next six months but they also saw an increase on the number of jobs placed on hold and a slight uptick in the number of companies saying they would eliminate jobs.

Companies expecting to eliminate jobs moved from 2 percent to 4 percent, and those saying they would put jobs on hold increased from 6 percent to 7 percent. Recruiters did see that 55 percent of companies indicated that they were interested in upgrading executive talent, though they may not be actively searching for talent at the current time.

 

Published on: Wednesday, February 20, 2013

Assignments Expected to Increase in 2013

Comments (0)
 
Recruiter confidence in the executive market rebounded in January. Forty-six percent think the executive employment market will improve over the next six months, up from 32 percent two months ago.

Recruiter optimism extends to the expected increase in search assignments as recruiters predict a 20 percent increase in 2013. This came after a year where recruiters reported an 11 percent increase in assignments.

 

 
The US economy has improved in a variety of ways in recent months, but that progress has been obscured by the fog of years and disappointments past and frustrating current events ranging from layoffs across the financial services sector, troubling societal headlines and Washington gridlock.

The real estate market as a whole is improving. Household debt is shrinking — thanks in large part to record-low interest rates — and state governments continue to confront serious budget challenges with serious, but certainly painful spending cutbacks.

There are reasons to feel better about where our economy is heading. And yes, there are also reasons to be very concerned about where our country is heading, particularly when one takes a dispassionate look at the numbers relating to the federal deficit and our national debt.

 

Published on: Friday, February 15, 2013

The Economy and Opportunity are What You Make of Them

Posted By: Joseph Daniel McCool
Filed Under: leadership, joseph daniel mccool, business confidence, economy, risk, uncertainty, invest
Comments (0)
 
There are really only two choices to make when it comes to navigating your enterprise around the uncertainty that now permeates the US economy.

You can sit idle, hoping the politicians in Washington come to their senses and find a way to create the conditions that will lead you to hire, or you can get on with your business and invest for the long run knowing that neither the competitive, legislative nor the economic landscape is going to hand you any big gifts in the near-term.

Sure, easier said than done. But what big, successful decision to grow a business didn't require some sense of risk taking and courage?

 

Published on: Thursday, January 31, 2013

Signs that the Business Cycle Remains Relevant

Comments (0)
 
Improvements in the US real estate market, higher rates of employment and hope for better economic conditions in the new year are combining in some really positive ways to give business leaders some level of confidence that the business cycle many of us learned about in college remains a relevant signpost of growth. What's that? Is it possible that some of you haven't heard of the 'business cycle' for years?

Well, if that's the case, it's probably because the US economy has, over the past four-and-a-half years, been stuck in a historic trough so deep and filled with bad news about business growth and pessimistic views of the economic landscape it's been hard to envision a return to the boom years we knew over a decade ago.

 

Published on: Monday, January 21, 2013

Perks Matter

Comments (0)
 
I have no clue how many surveys have been run in the just the past five to 10 years on the subject of what happens as the employment market turns from one favoring the buyers vs. one where the sellers have the leverage. While we are not there yet, "barring injury" as they say, overall we seem slowly to be headed in that direction. I know that could change by dinnertime, but I still prefer to think of it in positive terms.

As this happens, organizations might want to dust off some of those surveys and remind themselves that after bucks and benefits, what matters, especially to the GenXers (and indeed) lots of Boomers as well.

 

 
ExecuNet's Executive Job Creation Index increased from +11 to +15 in December as recruiters indicated that one in five companies would be adding executive level jobs in the next six months. This was up from one in six last month. The number of companies expected to upgrade their talent climbed from 44 percent to 51 percent. This positive shift suggests a firmer environment as we begin 2013, but still does not indicate a major breakout we would all like to see as Recruiter Confidence continues to languish below 50 percent.

 

Published on: Wednesday, January 09, 2013

Recruiter Confidence Still Lagging

Comments (0)
 
Recruiter confidence for the next six months improved a bit, moving to 36 percent at the end of December 2012, but remained below 50 percent for the eighth month in row, Being above the 50 percent mark is a critical overall indicator of an expanding executive employment market.

Attitudes captured before the fiscal cliff negotiations completed on January 1, continued to show the overall lack of recruiter confidence that this market trend will change over the next six months. Recruiters still tend to believe, as they expressed last year, that lack of leadership in Washington to create a national climate for business growth was the problem.

 

 
The economic challenges of the past four-and-a-half years have stifled executive compensation, save for the incredibly overcompensated (and in some cases, completely shameless) big company CEOs we've read too much about during that time.

For the vast majority of executives, there's been scant — if any — movement to the upside in salary and bonus terms, and far greater pressures on their ownership shares or stock options, in some cases putting them underwater for some time. But there is light at the end of the tunnel… actually, maybe even sooner.

 

 
ExecuNet's Job Creation Index dipped in November from +17 to +11. Recruiters lost some of the confidence they had seen prior to the election, as the number of companies expected to add positions in the next six months, declined from 27 percent to 17 percent.

 

Published on: Monday, December 10, 2012

Recruiter Confidence Wanes Post-Election

Comments (0)
 
The increasing confidence that executive recruiters showed in October prior to the election reversed in November. Recruiter confidence plunged from 46 percent to just over 30 percent, dipping to the lowest level of confidence registered this year. Meanwhile, the number of executive recruiters who are not confident the executive job market will improve increased to the highest levels seen in the last four years.

 

Published on: Wednesday, December 05, 2012

It’s Time To Grow… With Optimism

Comments (0)
 
Business leaders have been stymied, frustrated and held back by the indecision and uncertainty that has clouded the US economy for more than four years. It is for this reason some economists, authors and other notables have described the global business condition with the term "VUCA" – representing volatility, uncertainty, change and ambiguity.

Yet, now with the results of the November election known, and likely more of the same gridlock on Washington's docket, it's time for business leaders to get on with the business of rebuilding their companies. It's time to take our collective fingers off the "Pause" button and strive for the kind of growth we used to know.

But that's going to require significant measures of personal and enterprise resolve, re-investment, confidence and a commitment to pursue business expansion even if the politicians in Washington can't find room to compromise and get the nation more firmly on the path of economic renewal and financial sustainability.

 

 
ExecuNet's exclusive Executive Job Creation Index jumped from +9 in September to +17 in October. This change was driven by the almost doubling in the number of companies expecting to add executive level positions in the next six months. In October, the number of companies expecting to add positions jumped from 13 percent to 27 percent.

 

Published on: Wednesday, November 14, 2012

Recruiter Confidence Jumps in October

Comments (0)
 
Even before the November election, recruiters were growing more confident that the executive job market would improve over the next six months. ExecuNet's exclusive Recruiter Confidence Index jumped to 46 percent in October, just below the important 50 percent level that would signal a more expansive and broad based recovery of the executive job market over the next six months.

 

Published on: Tuesday, November 06, 2012

What Presidential Elections Really Provide

Posted By: Joseph Daniel McCool
Filed Under: leadership, joseph daniel mccool, business confidence, economy, presidential election
Comments (0)
 
I can't remember a time when so many business people were anxious to learn exactly who will be president of the United States for the next four years. Perhaps because of the tough economic climate we've all been fighting through for the past four years, it seems many business leaders yearn for the certainty of knowing exactly how government policies, regulations and tax frameworks will impact them and their enterprises moving forward so they can effectively plan for the future.

 

 
ExecuNet's exclusive Executive Job Creation Index ticked up seven points in September. This is a rebound from the low level reached last month. Recruiters report that one in five companies are now looking to add executive level positions in the next six months.

 

 
ExecuNet's exclusive Recruiter Confidence Index continued at low levels in September and remained below 40 percent. It says that while there are pockets of opportunity, recruiters are not seeing a broad-based improvement in the overall executive employment market for the next six months.

 

 
ExecuNet's exclusive Executive Job Creation Index ticked down five points in August to plus five. This is the lowest it has been since last October. This drop reflects the fact that recruiters report only 13 percent of companies will be adding jobs over the next six months, versus 20 percent in our July survey.

 

 
ExecuNet's exclusive Recruiter Confidence Index (RCI) dipped lower in August and continued for the third consecutive month below 40 percent. Recruiters continue to say that there is no broad-based expansion in hiring in this slow growth economy. An RCI above 50 percent would signal a broad-based expansion.

 

 
ExecuNet's exclusive Recruiter Confidence Index was flat from June to July and still below 40 percent. What this means to you is recruiters are not seeing a broad based improvement in the overall executive employment market for the near-term. Since 40 percent are confident or very confident — it seems there are pockets for opportunity, but not across the board. When the index climbs over 50 percent is an indicator or a more broad-based improvement in the executive hiring market.

 

 
ExecuNet's exclusive Job Creation Index ticked up slightly in July to +10 from +8 in June, showing slightly higher expected growth in executive job creation for the next six months.

Executive recruiters continued to report that there are pockets of opportunity in the current marketplace with 20 percent companies looking to add executive jobs in the next six months and another 25 percent of companies who are likely to freezing hiring for the next six months.

 

 
June was the 30th consecutive month with a positive Executive Job Creation Index since the recession of 2008-2009. However, in June, we saw Executive Job Creation Index dip to +8, down from +24 in February, 2012.

The good news is that executive recruiters continue to see almost one in five companies planning to add executive level positions in the next six months. They also only see about 3 percent of companies planning to eliminate executive jobs over the next six months. The major dip in the index in June came about by more companies placing current searches on hold.

 

 
In the last 12 months, recruiter confidence rose from 28 percent last September to peak in March 2012 at 58 percent. It has now retrenched to 39 percent in June. Being below 50 percent indicates recruiters are not very confident that the overall executive job market will expand over the next six months — just like the middle of last year.

 

 
Despite a slight dip in overall recruiter confidence in May, slightly more executive recruiters were poised to consider adding to their team of consultants and researchers to rebuild their infrastructure and address the search needs of companies that are still hiring despite mixed signals on the overall economy.

 

 
A monthly ExecuNet survey of executive recruiters finds that 50 percent of them believe employers will leverage the economic climate by selectively "trading up" with new hires for existing senior management roles over the next six months, and an additional 23 percent of employers are expected add new executive jobs to their payrolls.

 

 
A monthly ExecuNet survey of executive recruiters finds that fewer executive recruiters are confident that employers will invest in recruiting senior management talent for key corporate roles in the next six months.

 

 
The US Jobs report continued to show signs of slowing growth generating only the addition of 69,000 jobs in May as the unemployment rate ticked up to 8.2 percent. But, executive job creation was promising, according to ExecuNet's May survey of search firm consultants.

 

 
For more than a year now, executive search firms have taken a very cautious approach to rebuilding their own consulting and research staffs in the wake of a global recession that forced some of them to close offices and many of them to downsize their teams.

 

 
A monthly ExecuNet survey of executive recruiters finds that 61 percent of them believe employers will leverage the economic climate by selectively "trading up" with new hires for existing senior management roles over the next six months, and an additional 23 percent of employers are expected add new executive jobs to their payrolls.

 

 
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.

 

 
After a bruising four-year period during which many executive search firms — like their corporate clients — were forced to downsize, these firms continue to take a slow, purposeful approach to rebuilding their own consulting and research teams.

 

Published on: Wednesday, April 11, 2012

Executive Job Creation Extends Positive Trend

Comments (0)
 
A monthly ExecuNet survey of executive recruiters finds that more than one quarter of them expect employers will leverage the current economic climate by adding new executive management roles over the next six months.

In March, ExecuNet's monthly Executive Job Creation Index (EJCI) reached +19, its second-highest level since June 2011. Further, the 27 percent of companies expected to add new executive management jobs was also the second highest rate registered since June 2011.

 

 
A monthly ExecuNet survey of executive recruiters finds the highest levels of confidence that the executive employment market will improve over the next six months since May 2011.

In March, ExecuNet's benchmark Recruiter Confidence Index revealed that 59 percent of 123 responding executive recruiters indicated they were "confident" or "very confident" the executive employment market would improve over the next six months.

 

 
Executive search firms want to see more sustained corporate hiring at the management level and more consistent economic data before they rebuild their own firms by adding new consulting and research staff.

In February, ExecuNet's benchmark Search Firm Hiring Index revealed that 23 percent of 130 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months, a decline of five points from January.

 

 
A monthly ExecuNet survey of executive recruiters finds that 28 percent of companies are expected to add new executive jobs in the next six months, and only 1 percent are poised to cut top management positions during the same time.

 

 
Confidence among executive recruiters dipped slightly in February but remained in positive territory as more of them expressed concern about the pace of corporate management hiring in the short-term.

In February, ExecuNet's benchmark Recruiter Confidence Index revealed that 51 percent of 130 responding executive recruiters indicated they were "confident" or "very confident" the executive employment market would improve in the next six months. That was down six points from January but above the important 50 percent level that historically indicates optimism for a broader expansion of the jobs market.

 

 
While most executive recruiters hold tight to a "wait and see" approach to matching internal resources with mounting corporate client priorities, more of them are considering expanding their own consulting and research teams to do just that over the next three months.

 

 
The number of employers expecting to recruit for senior-executive roles over the next six months is higher than the number of employers planning to shed management jobs during the same time, according to the results of an ExecuNet survey in January of 157 executive recruiters.

 

 
Confidence among executive recruiters edged up slightly in January as they projected that one in five companies will be adding executive level positions and almost six in 10 companies will selectively "trade up" their management bench strength by recruiting replacements for existing roles over the next six months. Only 1 percent of employers were expected to eliminate executive positions during the same period.

 

 
Most executive search firms are focusing on fully utilizing their existing consulting and research teams on client search assignments before moving to rebuild their own staffs.

In December, ExecuNet's benchmark Search Firm Hiring Index revealed that only 19 percent of 126 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months, the same number as registered in November and October.

 

Published on: Thursday, December 29, 2011

Executive Job Creation Picked up in December

Comments (0)
 
The number of employers expecting to recruit for senior-executive roles over the next six months is higher than the number of employers planning to shed management jobs during the same time, according to the results of an ExecuNet December survey of 126 executive recruiters.

 

 
Executive recruiters enter the new year more confident in the growth potential for the executive employment market than they've been since mid-2011.

In December, ExecuNet's benchmark Recruiter Confidence Index revealed that 55 percent of 126 executive search firm respondents are "confident" or "very confident" the executive employment market will improve over the next six months, up 13 points from November.

 

 
Executive search firms continue to take a cautious position when it comes to doing their own hiring, reflecting broad uncertainty about the future course of the economy and how it will impact corporate executive hiring plans.

In November, ExecuNet's benchmark Search Firm Hiring Index revealed that only 19 percent of 180 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months, the same number as registered in October.

 

 
In October, ExecuNet's benchmark Recruiter Confidence Index revealed that 37 percent of 139 executive search firm respondents are "confident" or "very confident" the executive employment market will improve over the next six months, up five points from September.

 

Published on: Monday, October 10, 2011

Recruiter Confidence Slides on Economic Volatility

Comments (1)
 
In September, ExecuNet's benchmark Recruiter Confidence Index revealed that 32 percent of executive search firm respondents are "confident" or "very confident" the executive employment market will improve over the next six months, down four points from August. The percent of recruiters who were "not confident" the market would improve moved to historically high levels of 20 percent.

"Our latest data suggests savvy executives who think a career move may be in the cards as well as those already engaged actively in management job search should be cultivating their professional networks because it could be a longer process than they expect," says Mark M. Anderson, president and chief economist of ExecuNet. "The economy certainly isn't doing them any favors, but opportunity favors those who know what it takes to influence the hidden job market because the most attractive executive leadership roles aren't publicly advertised online or in print."

 

Published on: Wednesday, September 07, 2011

Economic Uncertainty Weighs on Recruiter Confidence

Comments (0)
 
In August, ExecuNet's benchmark Recruiter Confidence Index revealed that 36 percent of executive search firm respondents are "confident" or "very confident" the executive employment market will improve over the next six months, down six points from July.

 

Published on: Wednesday, July 27, 2011

Recruiter Confidence Dips Amid Economic Uncertainty

Comments (0)
 
In July, ExecuNet's benchmark Recruiter Confidence Index revealed that 42 percent of 154 executive search firm respondents were "confident" or "very confident" the executive employment market will improve over the next six months, down 12 points from June.

 

Published on: Monday, June 27, 2011

Recruiter Confidence Sags Amid Mixed Economic Signals

Comments (0)
 
ExecuNet's benchmark Recruiter Confidence Index revealed that 54 percent of 153 executive search firm respondents were "confident" or "very confident" the executive employment market will improve over the next six months, down 12 points from May.

A string of mixed economic indicators and continued challenges related to unemployed weighed on recruiter confidence, which nonetheless remains in positive territory and which has trended very positively over most of the past 12 months.

 

 
A leading indicator of where executive hiring will go this summer and fall remains decidedly positive. In May, ExecuNet's benchmark Recruiter Confidence Index revealed that 66 percent of 162 executive search firm respondents were "confident" or "very confident" the executive employment market will improve over the next six months, up one point from April.

"In some years past, we've seen a seasonal slowdown in executive hiring activity due in part to corporate interviewers and/or management job candidates taking vacations," says ExecuNet President and Chief Economist Mark Anderson.

 

 
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.

 

Published on: Wednesday, April 06, 2011

Recruiter Confidence Showing Signs Of Strength

Comments (0)
 
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, based on market research by ExecuNet.

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.

 

 
Executive recruiters' six-month forecast of growth of executive hiring activity softened in February but remains buoyant as client corporations continue to hire selectively for new management leadership roles and upgrade with new hires for existing roles.

In February, ExecuNet's benchmark Recruiter Confidence Index revealed that 68 percent of 164 responding executive recruiters are "confident" or "very confident" the executive employment market will improve over the next six months. That was down seven points from January but still far above the territory this index ranged in over much of the past year.

 

Published on: Friday, February 18, 2011

More Companies Eye Growth, Create Executive Jobs

Comments (1)
 
ExecuNet's benchmark Executive Job Creation Index (EJCI) held positive for a thirteenth consecutive month in January as executive recruiters reported employers are more focused on rebuilding depleted management teams than they are in cutting existing executive jobs.

Forecast hiring among employers expected to add executive jobs in January topped those planning to eliminate or postpone filling top roles by 12 points, signaling a slow but steady rebuild of management resources as employers focus on executing their 2011 strategic growth plans, according to the poll of 188 executive recruiters.

 

 
Confidence among executive recruiters continues to climb as an increase in management recruiting activity confirms that more companies are thinking about growth in 2011, and more business leaders are poised to explore their career options.

In January, ExecuNet’s benchmark Recruiter Confidence Index revealed that 75 percent of 188 responding executive recruiters are "confident" or "very confident" the executive employment market will improve over the next six months, reflecting a five-month surge in recruiter confidence in increased executive hiring activity.

 

 
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.

 

Published on: Wednesday, November 03, 2010

Recruiters Gaining Confidence in Executive Hiring Plans

Comments (1)
 
Executive recruiters are gaining confidence that the broader economic recovery will move more employers to add new executive jobs to their payrolls over the next six months.

In October, 55 percent of the 164 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 the growth-related hiring plans of corporate clients and prospective clients.

 

 
Management Hiring Expected to Remain Steady until Fall Elections

Executive recruiters report the management employment marketplace is showing improvements in certain sectors of hiring activity but is also marked by lingering employer hesitancy about investing in new projects and leaders ahead of a more convincing economic recovery and the fall elections.

Signs of business reinvestment and increased executive hiring in select industry segments such as healthcare, technology and life sciences, and for management roles in sales, business development, engineering and marketing reveal no immediate indication of a "double dip" in economic growth.

In September, ExecuNet's benchmark Recruiter Confidence Index found that 50 percent of 147 responding executive recruiters are "confident" or "very confident" the executive employment market will improve over the next six months, up four points from August.

 

 
Slower hiring by companies – even when they have vacant leadership roles – has dampened executive recruiters' confidence in overall management hiring activity through the end of the year.

In August, ExecuNet's benchmark Recruiter Confidence Index revealed that 46 percent of 181 responding executive recruiters are "confident" or "very confident" the executive employment market will improve over the next six months, down four points from July and the first index reading below 50 percent since October 2009.

 

Finding new ways to do business is always a challenge, but for success in an ever-changing world, business leaders today must be willing to try new things and remain extremely flexible. Read what some of the world's greatest innovators had to say in this ExecuNet exclusive.


Read More

Like What You’re Reading?

Get access to more actionable insights from top minds in executive leadership and career management

Join Our Executive Community Today

Executive Job Creation Index

Second Quarter Not as Promising But Still Positive

Recruiter Confidence Index

Recruiters Optimistic Job Market Will Improve

Stay Connected

Stay Connected by Email Stay Connected by RSS Stay Connected on Twitter Stay Connected on YouTube
ExecuNet on LinkedIn

Editorial Guidelines