Confidence among executive recruiters continues to climb as an increase in management recruiting activity confirms that more companies are thinking about growth in 2011 and more business leaders are poised to explore their career options.
At Alder Koten we have seen an increase in hiring activity since last November. Executives we’ve spoken to in Mexico and in the United States attribute this to the first signs of rebuilding organizations that were right sized for many months to face the economic environment. Organizations kept their payroll at the bare minimum thru the uncertainty of 2009 and stretched most of their staff through the more certain but very slow 2010.
According the survey conducted by ExecuNet 75 percent of 188 responding executive recruiters are “confident” or “very confident” the executive employment market will improve over the next six months, up nine points from December and reflecting a five-month surge in recruiter confidence.
“Companies are using their networks and employee referrals to recruit new management talent into their organizations, but we’re also seeing more employers turn to executive search as a means of upgrading or replacing management talent to meet business growth objectives,” says Mark Anderson, President and Chief Economist of ExecuNet, the private membership network for senior business executives and those who recruit them.
“What may be more revealing for the longer-term is that very few companies continue to eliminate management roles,” Anderson adds. “And more executives more hopeful about their career prospects, with fewer of them looking inwardly for a sense of job security and more of them looking outside themselves and their current environment to explore their full potential.”
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 at 50 percent or above indicates recruiters are “confident” or “very confident” the number of executive search assignments launched by employers in the next six months will increase.
Some statistics and quotations taken from: McCool, Joseph Daniel, “Executive Recruiting Gains Momentum: Expect Growth in 2011.” Insights.execunet.com
About Alder Koten
Alder Koten helps shape organizations through a combination of research, executive search, cultural & leadership assessment, and other talent advisory services. Our recruiters and executive search consultants bring to the recruiting process an in-depth understanding of the market conditions and strategic talent issues faced by clients within their particular industry. Our leadership consultants provide advisory services that are crafted to be collaborative, responsive, pragmatic, and results oriented. Focused on expanding the capabilities of the organization through talent.