Industry Trends- March 2007

Mar 01, 2007

Business Week’s Feb 12, 2007 article- “Hello, You Must be Going” by Nanette Byrnes and David Kiley discussed executive hiring trends. Some of the trends mentioned in the article include:

• 2006 saw 28,058 executive turnovers, including board members and executives from CEO down to vice-president, a 68% increase over 2005, according to Liberum Research's analysis of North American public companies. 44% of these positions were filled from outside the company.

• Russell Reynolds Associates estimates that at large companies, chief financial officers are turning over at a rate of 22% a year.

• Interim executive talent can be a good solution for companies experiencing turnover and change. To learn more about how interim executives work, visit our new webpage at http://www.ashtontweed.com/interim_companies.php

• ExecuNet reports that their Recruiters Confidence Index (RCI) reached a new all-time high in December 2006. The survey of executive recruiters found an anticipated 20 percent increase in executive search assignments for the second consecutive year in 2007.

• ExecuNet also reports a sharp rise in demand for executive talent in 2006 with a 23% increase in the number of corporate search assignments- the largest increase since the dot-com boom in 2000. In 2007, search firms are forecasting a 26% increase in executive-level job opportunities. Read more about the trends at http://www.execunet.com/m_releases_content.cfm?id=3501

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