Solid Six Figure Job Growth Expected In First Half Of 2008
www.execunet.com — January 10, 2008 — Putting aside concerns surrounding an economic slowdown, most search firms expect demand for executive talent to increase in the first half of 2008, according to ExecuNet’s Recruiter Confidence Index (RCI), a leading indicator for the top of the employment market.
Introduced in May 2003, the Recruiter Confidence Index is based on a monthly survey of executive recruiters conducted by ExecuNet (www.execunet.com), an exclusive network of global business leaders. Independent analysis of the RCI has confirmed it is a leading indicator for the executive search industry.
According to December’s survey of 138 executive recruiters, 59% are confident or very confident the executive employment market will improve during the next six months — unchanged from last month.
Confidence in the Executive Employment Market
Next Six Months
Recruiters’ short-term outlook dipped two percentage points in December, as 56% were confident or very confident the executive employment market will improve during the next three months — down from 58% in November. During this period of time, 83% of all executive search firms are expecting at least a 10% increase in search assignments and 59% are planning to hire additional staff to keep pace with this job growth.
"Despite increasing economic uncertainty, the executive employment market is off to a solid start in 2008," says Mark Anderson, President of ExecuNet. "Many industries and functions are showing strong six figure job growth, as mid-sized, private companies continue to generate a significant number of new opportunities for proven leaders."
Founded in 1988, ExecuNet brings C-level executives together online and in face-to-face meetings to discuss business challenges, solutions and opportunities, and share job leads. A recognized authority in executive recruiting and human capital, ExecuNet also provides members access to confidential six-figure jobs listings, proprietary research, and pragmatic advice. For more information, visit www.execunet.com.
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