Good news! We continue to see high levels of executive recruiter confidence as we move into March. Our exclusive Recruiter Confidence Index shows over 65 percent of executive recruiters believe the executive job market will improve in the next six months. Our surveys also indicate executive recruiters are anticipating a 13 percent increase in assignments in 2017, with key industry and functional areas likely to see the greatest growth.
In our recent survey, executive recruiters picked these top 10 industry growth areas for 2017:
This clearly shows Healthcare and Technology continue to reign as the areas with the fastest executive hiring activity – while Defense/Aerospace, Software and Energy moved up sharply in the last year as growing “hot spots.”
It also shows the Internet/eCommerce and Consumer Products fell in terms of relative growth for the new year.
By function, executive recruiters show these Top 10 Growth Areas and “hot spots”:
Clearly “rainmakers” continue to reign as the top growth areas in 2017, and Operations Management (including Supply Chain and QA) and MIS/IT made major moves, advancing into the top five fastest growing functions for 2017 and where hiring activity is picking up.
Meanwhile, Engineering, General Management, and Marketing fell out of the top five in terms of growth for 2017.
What this Means for Executive Recruiters
These industry and functional growth areas may indicate “hot spots of demand” for the coming year and opportunities for business development and candidate development activities efforts.
What this Means for Executive Job Seekers
These recruiter growth trends show where you are likely to find a greater number of opportunities in 2017. Since it only takes one job, it doesn’t say you can’t find jobs in any of the industries not listed in the top 10 – just that there is greater growth in those areas.
What this Means for Company Leaders
These rankings help indicate where demand for talent is likely to be greatest and where you may be most vulnerable to talent being stolen away if you’re not working to retain your talent in this period where talent is increasingly in demand.
Our mission is to keep you abreast of market trends and intelligence that will help you in your career and managing talent in your companies. We will be updating these perspectives throughout the year, so you will continue to stay informed.
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