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www.execunet.com – March 3, 2006 – With the unemployment rate falling to a four and a half year low and the economy on track for robust first-quarter growth, ExecuNet's Recruiters Confidence Index (RCI) remains at all time highs, as those on the front lines of the job market expect the demand for executive talent to soar in the months ahead.
Introduced in May 2003, the Recruiters Confidence Index (RCI) is based on a monthly survey of executive recruiters conducted by ExecuNet, the leading executive job search and recruiting network.
According to the survey of 145 executive recruiters, 76% are confident or very confident that the executive employment market will improve during the next six months – down slightly from a thirteen-month high of 79% in January. During this period of time, the search industry is expecting a 27% increase in the number of assignments received from corporate clients.
Confidence In The Executive Employment Market
Next Six Months
Recruiters' short-term outlook is also strong, 77% are confident or very confident the employment market will improve in the next three months – down from 81% one month ago.
"New job listings at ExecuNet are up over twenty percent year-to-date as hiring plans remain robust at the executive level," says Mark Anderson, President of ExecuNet. "With the job market of 1999-2000 still fresh in their minds, corporate recruiters are becoming increasingly concerned about the implications of a shortage of talent."
To prepare for sustained growth in the employment market, 55% of all search firms have plans to hire additional professional staff in the next three months – a significant increase over the number of executive recruiting firms that have added professional staff during the past three months (32%).
ExecuNet, a career management and recruiting network for top executives and recruiters, is a recognized authority in executive hiring and recruiting trends. ExecuNet helps members identify career opportunities and attain professional success by providing exclusive job postings, opportunities and tactics designed to expand personal and professional networks, and career advancement strategies.
Founded in 1988, ExecuNet also serves recruiters and corporations as a leading source of top-tier executive talent and proprietary research. For more information on ExecuNet visit www.execunet.com
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