A Mid-Year Report on Executive Employment: What We Are Seeing

06/29/2011 03.11 EST

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According to most of the national press, the Great Recession of 2008 has been followed by the Great Jobless Recovery of 2011. No one seems to know when we can expect job growth significant enough to make a major dent in the current unemployment numbers, but most all agree that it will be a while before we see the unemployment rate dip to pre-recession levels. If you’re up for a particularly sobering read, check out McKinsey’s thoughts on the topic. However, based on our experience through 2011, all the news isn’t necessarily gloomy. We’ve seen an uptick in search activity from the beginning of 2010 through to the midpoint of this year and our numbers are by no means unique. The Association for Executive Search Consultants (AESC) saw a dramatic increase in search activity in 2010, reporting a 28.5 percent increase from 2009. Obviously, that’s coming off one of the worst years in this industry’s history but still ranks 2010 as executive search’s third best year… ever. AESC’s reports from the First Quarter of this year were equally promising. As to our particular experience, SSG’s search activity is up over 50 percent in the first six months of 2011 vs. the same period last year. Here are some encouraging signs we have observed over the past six months: An increased level of competition for talent – The candidates we are pursuing for our clients are telling us that calls from executive recruiters and potential employers are up...