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Confidence In The Executive Employment Market
— Next 6 months Executive Job Creation Remains Steady
Source: ExecuNet
Summary Analysis:
Executive job creation remains positive as recruiter confidence comes off recent highs and companies indicate plans to cautiously expand leadership teams in the coming six months, according to ExecuNet's latest Recruiter Confidence Index (RCI).
Recruiter confidence has retreated from the recent highs, as ExecuNet's February survey of 183 executive recruiters found 53 percent are "confident" or "very confident" the executive employment market will improve during the next six months. In January, the confidence index had reached an 18-month high of 64 percent.
"That the Recruiter Confidence Index remains above the critical 50-percent level is good news for the economy and the executive employment market over the next six months," says Mark Anderson, President and Chief Economist of ExecuNet, the private membership network for senior business executives and those who recruit them.
Introduced in May 2003, ExecuNet's Recruiter Confidence Index is based on a monthly survey of executive search firms and recognized as a leading indicator for the economy and the executive job market. A reading above 50 percent indicates recruiters expect the number of search assignments in the next six months will increase.
"This economy, however challenged, continues to create far more executive jobs than it did a year ago," Anderson notes. "As in past recovery periods, the economy and corporate hiring will cautiously test the waters before moving steadily upward."
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