In the second quarter of 2002, overall demand for executive talent was down 19% compared to the second quarter of 2001. However, compared to the first quarter decline of 26% and fourth quarter, 2001 decline of 38% (versus the prior year), this represents a slowing in the rate of decline. This is good news.
In terms of functions, General Management, Sales & Marketing and Operations Management positions showed the greatest demand with quarter-to-quarter declines of only 8%, 12% and 15% respectively versus the prior year. This may be good news for the economy since these functions mostly drive and support new business development.
The greatest declines in demand continued in Consulting (35%), MIS/IT (31%), Human Resources (30%) and Finance (25%).
