Rebound In Executive Job Creation Reveals Corporate Growth Plans
Recruiter Confidence Gains Mirror Improved Consumer, Economic Outlook
Norwalk, CT (PRWEB) December 3, 2010
ExecuNet. com - ExecuNet’s benchmark Executive Job Creation Index (EJCI) held positive for an eleventh consecutive month in November as executive recruiters reported employers are encouraged by improving economic indicators and plan to create more management jobs over the next six months.
The number of employers expected to add executive jobs during that time topped those planning to eliminate or postpone filling top roles by 21 points, a 12-point gain from October and a signal that more companies will recruit executive talent to rebuild their management teams and realize their 2011 strategic growth objectives.
ExecuNet’s Recruiter Confidence and Job Creation Indices are recognized leading indicators of economic growth, and combined with positive GDP trend lines, increased consumer confidence and other favorable economic reports. "It seems the tide is finally turning in favor of more significant executive hiring activity as companies prepare to tackle 2011 business priorities,” says Mark Anderson, President and Chief Economist of ExecuNet, the leading private executive membership organization founded in 1988.
“ExecuNet has seen a 30 percent gain in private executive job postings for the exclusive consideration of our members in the past month over November 2009. We continue to see high-tech and healthcare companies doing some of the most aggressive executive hiring,” he added. “Searches by recruiters networking with our executive members have increased 55% over the same period last year.”
For example, one executive member just reported his relocation to Alaska where he accepted a new management role after two years of unemployment in Michigan, and another who made a fast transition to a new executive role after only seven weeks of membership. Executive recruiters who leverage ExecuNet’s membership to develop candidates for executive search assignments have increased their outreach to members by 55 percent over the past year.
In November, executive recruiters were confident that the prospects for new management hiring activity will be positive, as 61 percent were confident or very confidence the executive employment market would improve over the next six months.
(ExecuNet’s EJCI is derived from data collected as part of the firm’s widely recognized Recruiter Confidence monthly survey of executive search firms and reflects responding executive recruiters’ expectations of how companies are managing their executive talent needs. The Job Creation Index compares the number of companies expected to add executive positions over the next six months versus those planning to downsize their management teams or delay filling vacant management roles. The November data is based on responses from a total of 155 firms.)