Guess What? The Job Market for Executives is Not as Bad as You Think!
Dave Opton
ExecuNet has just released their comprehensive Executive Job Market Intelligence Report for 2008. Joining us on TotalPicture Radio to discuss the findings of this important benchmark and executive forecast, are the two leaders of ExecuNet, Dave Opton, CEO and founder, and Mark Anderson, President and Chief Economist.
Executive Job Market Intelligence 2008 is based on simultaneous national surveys of ExecuNet's executive members and the search firms and corporate recruiters who regularly use ExecuNet's services. In addition, they invited participation from the executive, search firm and corporate human resource communities of two strategic partner organizations: Goldjobs, Financial Executives International (FEI), Marketing Executives Networking Group (MENG), and Dillistone Systems/Filefinder.
Recruiter Confidence Climbs On Sustained Demand For Executive Talent
April 29, 2008 - ExecuNet's Recruiter Confidence Index (RCI), a leading indicator for the executive employment market, climbed higher for the third consecutive month in April, as companies continued to hire top talent amid economic uncertainty.
Introduced in May 2003, the Recruiter Confidence Index is based on a monthly survey of executive recruiters conducted by ExecuNet, an exclusive network of business leaders. Independent analysis of the RCI has confirmed it is a leading indicator for the executive search industry.
According to April's survey of 132 executive recruiters, 61% are confident or very confident the executive employment market will improve during the next six months - up sharply from 52% last month. During this period of time, four-in-five recruiters (80%) are expecting at least a 10% increase in assignment growth.
Confidence in the Executive Employment Market Next Six Months
"The executive employment market appears to be one of the few remaining bright spots in this economy," says Mark Anderson, President of ExecuNet. "Better than expected assignment growth in the first quarter significantly improved the executive search industry's outlook for the months ahead."
Recruiters' short-term confidence also climbed higher in April, 55% were confident or very confident the executive employment market will improve during the next three months - up from 50% in March. Nearly half (47%) of all search firms plan to hire additional professional staff to keep pace with the growth of the market.
About ExecuNet
For 17 years, ExecuNet has helped executive talent manage and advance their careers through a unique blend of personal and internet based executive career services. Since 1999 ExecuNet has been a ForbesMagazine "Best of the Web" site - and, amongst many other accolades, Fortune calls ExecuNet "An Authority In Networking For Senior Executives".
About Dave Opton
David Opton is Chief Executive Officer and Founder of ExecuNet, the leading executive career and business network.
Opton founded ExecuNet during the recession of the late nineteen eighties to improve the way executives, search consultants, and human resource professionals share information and opportunities. In 1995, ExecuNet helped transform the executive recruiting industry by launching the first website designed to bring corporate leaders and executive recruiters together in a cooperative, confidential environment.
Prior to founding ExecuNet, Mr. Opton served as Vice President of Personnel for Sterling Drug International, an operating unit of 14,000 employees and over $1 billion in revenue. From 1971 to 1983, Mr. Opton held several executive positions in Xerox Corporation’s domestic, international, and corporate operating units.
A widely recognized executive career management expert, Mr. Opton is regularly quoted in The Wall Street Journal, The New York Times, BusinessWeek, Fortune, Fast Company, and other leading business publications.
Mr. Opton received his BA from Indiana University. He is a former President of the New Haven Jaycees and has served on the Board of Trustees for the Hopkins School in New Haven.
Mark Anderson
About Mark Anderson
Mark Anderson is President and Chief Economist of ExecuNet, the leading executive career and business network. In this capacity he directs the firm’s strategic growth initiatives and day-to-day operations.
Mr. Anderson joined ExecuNet in 1993, with extensive business development experience. From 1987 to 1993, he served as President and Founder of Anderson & Monagle Associates, an investment management firm that invested in information service businesses, equities, and commodities.
Before founding Anderson & Monagle, Mr. Anderson held several senior marketing and financial positions with RCA Global Communications and American Can Company.
A recognized authority on executive recruiting trends, Mr. Anderson is a frequent conference presenter and is regularly quoted by The Wall Street Journal, Associated Press, CFO Magazine, Dow Jones and other leading business publications.
An Arjay Miller Scholar, Mr. Anderson received his MBA from Stanford University and a BA in Economics from Yale University.
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