Today's corporate focus is on growing revenue, maintaining expanded productivity, innovating and maximizing the financial contribution of smaller operating teams. But as ExecuNet's 2011 Executive Job Market Intelligence Report reveals, more North American employers are realizing they've stretched management capability to its limits and need to rebuild depleted executive teams.
According to the report, which is based on simultaneous global surveys of 3,199 participants including executives, search firm consultants and corporate human resource professionals, 33 percent of corporations are adding new executive-level jobs, and often overlooked opportunity is hidden in another hiring pocket, as 50 percent of corporations are trading up with new hires for existing executive jobs.
Additional findings shared in the 2011 Executive Job Market Intelligence Report include:
The industries executive search consultants expect will generate the most executive job growth in 2011
The top growth regions for executive hiring in 2011
The percentage of management executives who expect "high levels of turnover" on their current employer's senior management team
The most critical factor, after base salary and annual performance bonus, in top executives' compensation deliberations related to a career move
Employed executives' compensation expectations in the event of their potential career transition
The primary indicators that will move employed executives to begin a job search
Published annually for the past 19 years by ExecuNet, a private membership network for senior-level executives and those who recruit them, the Executive Job Market Intelligence Report provides executives, talent management leaders and executive search firm professionals with proprietary market data, best practices, and timely analysis of executive-level career development, recruitment and retention issues. Executive-level denotes professionals at the Director/Vice President/C-level with total annual compensation of $150,000 or greater.
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