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Recruiter Confidence Survey

Wednesday, 04 June 2008

Recruiters Confidence Rallies Amid Steady Six-Figure Job Growth

Dave Opton

June 4, 2008 - ExecuNet's Recruiter Confidence Index
(RCI) climbed to a 10-month high in May, as the pace of hiring at the top of
the employment market continues to improve the outlook for the executive
search industry despite significant economic headwinds.

Introduced in May 2003, the Recruiter Confidence Index is based on a monthly
survey of executive recruiters conducted by ExecuNet (www.execunet.com), the
executive business, career, and recruiting network. Independent analysis of
the RCI has confirmed it is a leading indicator for the executive search
industry. (Read More)

Listen to TPR's latest podcast with Dave Opton and Mark Anderson: The Executive Job Market Intelligence Report for 2008

According to May's survey of 114 executive recruiters, 66% are confident or
very confident the executive employment market will improve during the next
six months - up from 61% last month. During this period of time,
four-in-five (80%) executive recruiters expect at least a 10% increase in
search assignments received from corporate clients.

Confidence in the Executive Employment Market
Next Six Months

"Despite an avalanche of negative economic news, recruiters have not seen
any signs of executive hiring freezes," says Mark Anderson, President of
ExecuNet. "With the vast majority of search firms expecting a double-digit
increase in assignment growth during the second half of the year, the
prospects for business leaders interested in making a job change or
exploring the market are better than today's headlines suggest."

In anticipation of a seasonal slowdown during the summer months, recruiters'
short-term confidence dipped in May, as 49% were confident or very confident
the executive employment market will improve during the next three months -
down from 55% in April. Despite this drop, 44% of all search firms plan to
hire additional professional staff within the next three months to keep up
with the growth of the executive employment market.

Founded in 1988, ExecuNet brings C-level executives together online and in
face-to-face meetings to discuss business challenges, solutions and
professional opportunities. A recognized authority in executive recruiting
and human capital, ExecuNet also provides members access to confidential
six-figure job listings, proprietary research, and pragmatic advice.