Norwalk, Conn. — May 18
ExecuNet, a business and career membership network for senior-level executives, released its annual Executive Job Market Intelligence Report, which reveals that executive recruiters are more positive than they have been in the past five years.
The report, which surveyed a total of 5,733 business executives, aims to provide fresh insight on trends in the executive employment market.
ExecuNet’s Top 10 Trends in the executive employment market are:
1. Despite continuing slow growth for the overall economy, 25 percent of companies are expected to add new executive positions in 2012.
2. Executive recruiters are more positive than they have been in five years and are expecting an average 21 percent gain in executive search assignments in 2012 compared to last year.
3. Top 10 industry growth sectors for executive hiring show continued strength in health care, technology and life sciences, but major gains are also expected for the manufacturing, business services and consumer products sectors in 2012.
4. The top regional growth areas are now the Northeast and the Southwest.
5. Sixty-seven percent of executives are going online to achieve more digital visibility and shape their online identities so they can be found for business and career purposes. Sixty-six percent of executives recognize networking is the best way to open up and connect with new career opportunities and don’t feel their current networks are broad enough to help them achieve business and career success.
6. Fifty-five percent of executive recruiters say companies are increasing executive salaries and bonuses to retain top management talent.
7. Sixty-seven percent of executives say their companies are focusing more on executive retention now than they did last year.
8. Meanwhile, 58 percent of executives had updated their resume in the prior three months and were primed to consider their career options.
9. Executives and companies are investing in peer networks to achieve their goals.
10. Expected compensation is increasing and the balance of perks and salary is changing, too.