Assignments are slowing, hiring plans are on hold, and confidence is plunging.
That is the evidence from the latest ExecuNet survey of 164 executive recruiters, with 28% confident or very confident the executive employment market will improve in the next six months â€“ down from 36% last month.
“While recruiters’ outlook for the first half of the year has become more bearish, the jobs posted in our membership in non-cyclical industries including consumer staples, medical devices, healthcare, and government are generating more new opportunities this year than in 2008,” says Mark Anderson, president of ExecuNet.
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In addition, he says, recruiters do not see their business prospects changing in the next few months, as their short-term confidence also slipped.
In February, just 12% of recruiters reported being confident or very confident the executive employment market will improve during the next three months â€“ down from 16% in January.