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Recruiter Confidence Climbs On Sustained Demand For Executive Talent
www.execunet.com — April 29, 2008 — ExecuNet's Recruiter Confidence Index (RCI), a leading indicator for the executive employment market, climbed higher for the third consecutive month in April, as companies continued to hire top talent amid economic uncertainty.
Introduced in May 2003, the Recruiter Confidence Index is based on a monthly survey of executive recruiters conducted by ExecuNet (www.execunet.com), an exclusive network of business leaders. Independent analysis of the RCI has confirmed it is a leading indicator for the executive search industry.
According to April's survey of 132 executive recruiters, 61% are confident or very confident the executive employment market will improve during the next six months — up sharply from 52% last month. During this period of time, four-in-five recruiters (80%) are expecting at least a 10% increase in assignment growth.
Confidence in the Executive Employment Market Next Six Months
"The executive employment market appears to be one of the few remaining bright spots in this economy," says Mark Anderson, President of ExecuNet. "Better than expected assignment growth in the first quarter significantly improved the executive search industry's outlook for the months ahead."
Recruiters' short-term confidence also climbed higher in April, 55% were confident or very confident the executive employment market will improve during the next three months — up from 50% in March. Nearly half (47%) of all search firms plan to hire additional professional staff to keep pace with the growth of the market.
Founded in 1988, ExecuNet 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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