Executive Recruiter Confidence Ticks Down in August

Norwalk, Conn. — Sept. 11

Recruiter confidence ticked down slightly in August to 35 percent, largely due to circumstances beyond organizations’ control. Seventy percent of executive recruiters pointed to conditions external to organizations as factors dampening executive hiring.

In ExecuNet’s recent survey of 152 executive recruiters, 36 percent said the outcome of the U.S. Presidential election coupled with early agreement on measures to avoid the “fiscal cliff” in Washington were the most significant factors limiting executive hiring growth.

Another 22 percent thought a rebound in consumer confidence would add to hiring, while only 12 percent said resolution of the European debt crisis would lead to hiring.

Top external factors stimulating executive job growth, according to executive recruiters:

• The outcome of the U.S. Presidential election.
• A rebound in consumer confidence.
• Early agreement on measures to avoid “fiscal cliff” in Washington.
• Resolution of the European debt crisis.
• Improvement in U.S. GDP growth rate.

Source: ExecuNet