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ExecuNet President and Chief Economist Sees Pockets Of Strength In Employment Market
www.execunet.com — January 31, 2008 — Despite recent volatility in the financial markets and growing concern that the US economy is entering a recession, job growth at the executive level will remain resilient in many industries, according to commentary and analysis from Mark Anderson, President and Chief Economist of ExecuNet, an exclusive network of business leaders.
"At the executive-level, the fundamentals of the employment market point toward sustained growth," said Anderson. "Demand for executive talent in the industries closest to the credit crunch, including real estate and financial services, may slow but it won't dry up completely. In many other industries, including Healthcare, Pharmaceuticals, and Consumer Staples, the outlook for leadership job growth remains strong."
In January 2007, Anderson accurately predicted that executive search firms would receive an 18 percent increase in assignments from corporate clients during the year. His forecast for 2008 suggests the top of the employment market will expand at a more moderate pace.
"Demand for executive talent will likely rise 8 percent in 2008 versus double-digit growth experienced over the last few years," said Anderson. "While much of this growth will be masked by an inevitable increase in the broader U.S. unemployment rate, executives will be well-served to look beyond the headlines and apparent volatility. There are quite a few pockets of growth creating a steady stream of new opportunities."
To speak with Mark Anderson, President and Chief Economist of ExecuNet, about his outlook for the executive employment market, please contact Troy Mayclim at (914) 686-5599 or tmayclim@riverinc.com or Michael Gelormino at (914) 686-5599 or mgelormino@riverinc.com
Founded in 1988, the ExecuNet career and business network brings C-level executives together online and in face-to-face meetings to discuss business challenges, solutions and professional opportunities. A recognized authority in executive recruiting and human capital, ExecuNet also provides members access to confidential six-figure job listings, proprietary research, and pragmatic advice. For more information, visit www.execunet.com.
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