What’s Keeping Me Up at Night

10/03/2011 02.32 EST

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I feel the need to temper the optimism of my mid-year report on executive employment, with a post more fraught with the anxiety that any professional in the talent acquisition industry might be feeling in a global economy that appears to be teetering on the brink of, if not collapse, then a prolonged period of stagnation.  As all prognosticators do, let me get the defense of my earlier predictions out of the way.   First, I hedged on Greece and Greece came through in a big way in terms of throwing Europe into economic consternation.  Second, the debt ceiling debacle accomplished something that I really did not think possible in my lifetime; it shook global confidence in the full faith and credit of the United States of America.  I’d like to thank our elected leaders on both sides of the aisle for that little present.  Which leads me to this question: If two U.S. political parties can’t agree on fiscal policy, how can 17 sovereign states begrudgingly connected by a common currency do it?   So, given the uncertainty produced by the events of the last quarter, what keeps this talent acquisition professional up at night?   Executive hiring will slow to a crawl.  While we are finishing up a very strong third quarter, our industry is a lagging indicator and it’s completely plausible to think that hiring among the senior management ranks might fall off a cliff à la Q4 2008. The Phillies will somehow find...