Recruiters’ Confidence Near All-Time High
Norwalk, CT, October 19, 2006 --(PR.com)-- With energy prices falling and the Dow Jones Industrial Average (DJIA) climbing to record highs, recruiters are growing more bullish on the executive employment market’s prospects through the first quarter of 2007. In September, ExecuNet’s Recruiters Confidence Index (RCI) increased for the third consecutive month.
Introduced in May 2003, the Recruiters Confidence Index (RCI) is based on a monthly survey of thousands of executive recruiters conducted by ExecuNet (www.execunet.com), the leading executive career management and recruiting network. Independent analysis of the RCI has confirmed it is a “leading indicator” for the executive search industry.
According to the survey of 100 executive recruiters, 77% are confident or very confident that the executive employment market will improve during the next six months -- up from 74% last month and nearing an all time high of 80% reached in March 2006.
“For executives thinking about exploring new career options - this is definitely a great time to take action,” says Mark Anderson, President of ExecuNet. “In addition to a considerable increase in the number of opportunities available, executive compensation packages continue to expand as companies look to increase their competitiveness in a new war for talent.”
Executive recruiters’ short-term outlook was also more optimistic in September – 83% of recruiters said they are confident or very confident the employment market will improve in the next three months – up from 76% in August. During this period of time, the executive search industry is expecting a 22% increase in the number of six-figure job assignments received from corporate clients.
In an effort to keep up with the rapid pace of growth in the executive employment market, search firms continue to expand to better meet the needs of clients. In September, the majority of executive recruiting firms (60%) reported plans to hire additional professional staff in the next three months, which is considerably higher than the number of firms that added staff during the past three months (43%).
ExecuNet, the original senior executive job search, business, and recruiting network, provides exclusive access to confidential six figure job listings, expert advice, and high-level business connections for professionals while helping corporate and search firm recruiters find qualified executive candidates. Founded in 1988, ExecuNet helped transform the executive recruiting industry by launching the first online community designed to bring together senior-level professionals and search firms in a confidential, trusted network.
Based in Norwalk, Connecticut, ExecuNet is a recognized authority in executive recruiting trends and proprietary employment market research. For more information, visit www.execunet.com.
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Introduced in May 2003, the Recruiters Confidence Index (RCI) is based on a monthly survey of thousands of executive recruiters conducted by ExecuNet (www.execunet.com), the leading executive career management and recruiting network. Independent analysis of the RCI has confirmed it is a “leading indicator” for the executive search industry.
According to the survey of 100 executive recruiters, 77% are confident or very confident that the executive employment market will improve during the next six months -- up from 74% last month and nearing an all time high of 80% reached in March 2006.
“For executives thinking about exploring new career options - this is definitely a great time to take action,” says Mark Anderson, President of ExecuNet. “In addition to a considerable increase in the number of opportunities available, executive compensation packages continue to expand as companies look to increase their competitiveness in a new war for talent.”
Executive recruiters’ short-term outlook was also more optimistic in September – 83% of recruiters said they are confident or very confident the employment market will improve in the next three months – up from 76% in August. During this period of time, the executive search industry is expecting a 22% increase in the number of six-figure job assignments received from corporate clients.
In an effort to keep up with the rapid pace of growth in the executive employment market, search firms continue to expand to better meet the needs of clients. In September, the majority of executive recruiting firms (60%) reported plans to hire additional professional staff in the next three months, which is considerably higher than the number of firms that added staff during the past three months (43%).
ExecuNet, the original senior executive job search, business, and recruiting network, provides exclusive access to confidential six figure job listings, expert advice, and high-level business connections for professionals while helping corporate and search firm recruiters find qualified executive candidates. Founded in 1988, ExecuNet helped transform the executive recruiting industry by launching the first online community designed to bring together senior-level professionals and search firms in a confidential, trusted network.
Based in Norwalk, Connecticut, ExecuNet is a recognized authority in executive recruiting trends and proprietary employment market research. For more information, visit www.execunet.com.
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