The economy is impacting the executive search industry’s outlook for growth, according to a recent ExecuNet survey.
Figures show 49% of executive recruiters are confident or very confident that the executive employment market will improve during the next six months. Sounds pretty optimistic, until you remember that ExcecuNet’s June survey reflected recruiter confidence at a much higher 64%.
Recruiters’ short-term confidence also dropped, with 41% saying they are confident or very confident the executive employment market will improve in the next three months. This is also down from June, when the figure was at 52%.
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However, job growth at the top of the market is not mirroring the more depressing unemployment statistics evidenced by recent Labor Department data.
According to the ExecuNet survey of 147 executive recruiters, 71% expect at least a 10% increase in search assignments received from corporate clients during the next six months. The industries expected to generate the greatest growth in six-figure job opportunities include healthcare, energy/utilities, life sciences, high-tech, and business services.