Strength of Demand for Executive Talent Continues
C-suite Recruiting is on the Rise across all Major Regions for the second half of 2011 according to recent data – with Particular Strength in New Markets.
Second quarter data released by the global Association of Executive Search Consultants (AESC) revealed a continued rise in senior executive recruitment activity worldwide following the industry’s return to growth since early 2010. The number of new executive search mandates rose +8% year-on-year (from Q2 2010 to Q2 2011), while the quarterly picture saw searches increase by +5.4% (from Q1 2011 to Q2 2011).
Most industries experienced a steady upward trend in the second quarter of 2011 with significant quarterly and yearly growth, including the Industrial, Consumer, Life Sciences/Healthcare and Financial Services sectors. Financial saw the most notable quarterly rise, up +19%, as it continued to regain its former leading market position. Technology was the only industry to fall in senior executive recruitment activity, both yearly (-3%) and quarterly (-6.7%), in Q2 2011.
AESC President, Peter Felix, commented: “During the past quarter executive search has once again shown considerable strength in most parts of the world and even shows promise of soon surpassing its all time peak of 2008. Increased search activity has been seen in all major regions but especially in the emerging markets where Central/South America saw exceptional quarterly growth in the number of new searches started. The strength in other markets has been less consistent and there is some evidence that in established markets such as the UK, Germany and France there is a flattening of demand. Nevertheless the overall picture has been most encouraging. It only remains to be seen whether the volatility surrounding the debt crisis will affect top management’s willingness to continue investing in the executive talent that it needs for the longer term.”
A full copy of the AESC’s Q2 2011 State of the Executive Search Industry report is available upon request to AESC members and the press. Visit www.aesc.org.
The AESC State of the Executive Search Industry Report is quarterly research carried out by the Association of Executive Search Consultants (AESC) since 2004 on trends in the global retained executive search industry. Data for the report is collected from a consistent sample of AESC member search firms representing the activity of 1430 executive search consultants in 46 countries worldwide. AESC access to retained executive search data positions this report as a leading indicator of the future worldwide management employment market and a barometer of hiring trends for top-level and seldom advertised positions in key market sectors.
According to John Jeffers, Director of Recruiting at ASOCIA Executives, a Global Executive Search and Executive Development firm headquartered in Atlanta, GA, “It was disapointing to see the results for technology in this report and since this is an area we specialize in. We have seen a slow down of hiring in this sector for C-level executives in the US, but not for mid-management or lower level positions, which has been very strong.” Added Jeffers, “CIO recruitment is area we specialize in, and this continues to be very strong in the healthcare and higher education sectors.”
ASOCIA Executives, a division of ASOCIA Group, is a global executive search and executive development firm. ASOCIA Executives specializes in C-level and senior-level executive recruitment in information technology, healthcare and diversity/female executive recruitment.
ASOCIA Executives recently launched an initiative – Women To Boards– to help promote more women into board roles for leading corporations. ASOCIA Executives works with Fortune 500 companies to identify and place qualified females Directors for their boards. For information, please contact: Womentoboards@asociaexecutives.com