Percentage of executive search firms planning to hire additional professional staff during the next 3 months Search Firms Cautious About Expanding Staff Amid Economic Uncertainty
Source: ExecuNet
Summary Analysis:
While economists debate the strength of the US economy and employers continue to express caution about new executive hiring, executive search firms are likewise adopting a "wait and see" approach when it comes to expanding their own recruiting and research teams, according to ExecuNet's latest Search Firm Hiring Index data.
In August, only 17 percent of 181 responding executive recruiters indicated their firm plans to add professional research and/or consulting staff in the next three months, down four points from July.
Given that the increased executive hiring activity many recruiters had forecast earlier this year hasn't materialized, most search firms are watching and waiting for signals that employers are again ready to invest in new executive management.
The following are some recent positions filled by ExecuNet members:
VP Operations; Auto; $150K
COO; Consum Prods; $200K
CFO; Prof Servs; $220K
Dir Quality; Elects; $100K
Gen Manger; Pharm; $125K
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