Positive Job Creation Indicators Revealed in the 20th Anniversary Executive Job Market Intelligence Report
Companies are planning on growth, both via new management hires and trading up new hires for existing executive roles to fill gaps or improve teams. Recruiters weighed in on executive job creation reporting they expect 51 percent of employers will be adding headcount through “trading up” with new hires for existing executive jobs and 27 percent will create new executive roles over the next six months. Only 2 percent of companies surveyed intend on continuing the management cutbacks that have been in effect during the economic downturn. (more…)
Jobs Growth Anemic, yet Senior Talent in Shortage in Certain Sectors
Leading up to the BLS employment report on Friday, ADP estimated private payrolls rose 114,000 in July. The BLS figures came in 117,000 nonfarm employment and 154,000 in total private employment. Gains were seen in health care, retail trade, manufacturing, and mining; while Government employment continued to decline. Manufacturing employment increased in by 24,000, professional and technical services increased by 18,000, Government employment decreased by 37,000. The unemployment rate stayed put at 9.1% (13.9 million people).
AESC / Executive Search
According to the Association of Executive Search Consultants’ (AESC), 66% of search professionals have a positive prediction for their industry in the second half of the year. The biggest growth in demand for senior talent is in the Energy/Natural Resources sector. The United States is experiencing a “sustained resurgence of demand” according to AESC President, Peter Felix. Worldwide, the General Management/CEO/COO functions are anticipated to experience the greatest shortage of talent, followed by Business Development and then Engineering. (more…)