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www.execunet.com — August 30, 2006 — Amid the growing debate over whether or not the U.S. economy is headed for a "soft landing," corporations continue to add executive-level talent to their payrolls at a vigorous pace. In August, ExecuNet's Recruiters Confidence Index (RCI) increased to its highest level since April.
Introduced in May 2003, the Recruiters Confidence Index (RCI) is based on a monthly survey of thousands of executive recruiters conducted by ExecuNet (www.execunet.com), the leading executive job search and recruiting network. Independent analysis of the RCI has confirmed it is a "leading indicator" for the executive search industry.
According to the survey of 143 executive recruiters, 74% are confident or very confident that the executive employment market will improve during the next six months -- up from 71% last month.
Confidence In The Executive Employment Market
Next Six Months
"The balance sheets at many companies have never looked better," says Mark Anderson, President of ExecuNet. "Flush with cash, these companies continue to hire at the executive level to ensure they have the bandwidth needed to leverage strategic opportunities for growth."
Executive recruiters' short-term outlook also remains optimistic, as 76% of recruiters said they are confident or very confident the employment market will improve in the next three months. During this period of time, the executive search industry is expecting a 21% increase in the number of six-figure job assignments received from corporate clients.
Keeping up with the pace of growth in the executive employment market has proven to be challenging for many executive recruiters. In August, well over half of all executive search firms (63%) reported plans to hire additional professional staff in the next three months, which is considerably higher than the number of firms that added staff during the past three months (43%).
ExecuNet, the original senior executive job search, business, and recruiting network, provides exclusive access to confidential six figure job listings, expert advice, and high-level business connections for professionals while helping corporate and search firm recruiters find qualified executive candidates. Founded in 1988, ExecuNet helped transform the executive recruiting industry by launching the first online community designed to bring together senior-level professionals and search firms in a confidential, trusted network.
Based in Norwalk, Connecticut, ExecuNet is a recognized authority in recruiting trends and proprietary employment market research. For more information, visit www.execunet.com.
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