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Filed Under: Search Firm Hiring Index

 
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.

 

 
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.

 

 
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.

 

 
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.

 

 
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.

 

 
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.

 

 
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.

 

 
When it comes to rebuilding their teams, most executive search firm leaders are adopting the same approach many of their corporate clients have adopted: not before we get some real, sustained clarity on the future direction of the US economy.

In September, ExecuNet's benchmark Search Firm Hiring Index revealed that 20 percent of 142 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months, which was unchanged from August.

 

Published on: Tuesday, September 06, 2011

Search Firms’ Own Hiring Plans Impacted by Economic Uncertainty

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In the face of lingering economic uncertainty, most executive search firms are working toward full utilization of their existing research and consulting teams before pursuing new hires.

In August, ExecuNet's benchmark Search Firm Hiring Index revealed that 20 percent of 126 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months, down just one point from July.

 

 
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.

 

 
Executive search firms continue to follow a cautious course when it comes to rebuilding their teams in the long wake of the recession, an economic crisis that forced most to reduce their own headcount.

In June, ExecuNet's benchmark Search Firm Hiring Index revealed that 22 percent of 153 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months, down five points from May.

 

 
More executive search firms are planning to add consulting and research staff in the next three months to keep up with sustained corporate demand for management talent and executive recruiting services.

In May, ExecuNet's benchmark Search Firm Hiring Index revealed that 27 percent of 162 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months, up six points from April.

 

 
While two-thirds of executive recruiters are confident the executive employment market activity will increase in the coming months, most remain cautious when it comes to rebuilding the recruiting and research teams they were forced to cut during the recession.

In April, ExecuNet's benchmark Search Firm Hiring Index revealed that 21 percent of 192 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months, down five points from March.

 

 
Executive recruiters are following the same cautious route to new hiring as many of their clients, despite indications that executive job creation is increasing in an economy much improved from where it was just a year ago.

In March, ExecuNet's benchmark Search Firm Hiring Index revealed that 26 percent of 155 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months.

 

 
While executive recruiters continue to express confidence that executive hiring activity will increase over the next six months, they are also following many corporate clients' slow and steady approach when it comes to hiring new professional staff.

In February, ExecuNet's benchmark Search Firm Hiring Index revealed that 28 percent of 171 responding executive recruiters indicated they would be adding new professional research and consulting staff over the next three months.

 

Published on: Wednesday, February 23, 2011

Executive Job Creation Reveals Corporate Growth Plans

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Executive recruiters are expressing more confidence in the executive employment market as they forecast management hiring activity over the next six months.

But now, for the first time in well over two years, executive recruiters are considering or are already rebuilding their recruiting and research teams to keep pace with this anticipated surge in new business.

 

 
Executive recruiters are optimistic that the executive employment market will improve over the next six months, but judging from their own hiring plans, it seems a conservative approach to rebuilding their teams is the order of the day.

In December, 21 percent of the 144 executive recruiters who participated in ExecuNet's monthly Search Firm Hiring Index poll indicated they planned to increase their professional research and consulting staff to keep pace with expected search assignment growth over the next three months. That was down four points from November.

 

Published on: Monday, December 06, 2010

More Executive Search Firms Plan for Growth

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Executive recruiters are gaining confidence as they forecast corporate executive hiring in the coming months, and now they're also girding to add new professional staff to meet the anticipated demand for executive talent.

 

 
Nearly one-quarter of executive recruiters are planning to hire additional consultants or recruitment researchers in the next three months, as client companies increase their recruiting activity at the executive management level, according to ExecuNet's latest Search Firm Hiring Index data.

 

Published on: Monday, October 04, 2010

Recruiters Busy but Holding Off on Hiring More of their Own Staff

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Executive recruiters report they're busy developing business and dialogue with potential management candidates, and despite some growth in hiring in industries such as healthcare and technology, most say they're not busy enough to add to their own staff.

In September, ExecuNet's Search Firm Hiring Index poll revealed that only 16 percent of 147 responding executive search firm leaders indicated their businesses were planning to add new professional consulting or research staff in the next three months, down one point from August.

 

 
While economists debate the strength of the US economy and employers continue to express caution about new executive hiring, executive search firms are likewise adopting a "wait and see" approach when it comes to expanding their own recruiting and research teams, according to ExecuNet's latest Search Firm Hiring Index data.

 

 
While recruiter confidence in the executive employment market over the next three months hit a two-year high in June, executive search firms remain particularly cautious when it comes to adding additional staff to their own payrolls.

 

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Many of the world's top business leaders, from a variety of industries, gathered in New York City to share their views on business and the challenges today's leaders will face in the coming years. Attendees learned how visionaries from a wide range of management disciplines define the process and commitments required to realize the potential for raising organizational performance in a time of lingering economic uncertainty and a changing global economy. These are can't miss insights for any business executive!


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