Executive Search Activity Continues Upward Trend
Data from the Association of Executive Search Consultants’ (AESC) second quarter report on the worldwide executive search industry indicates quarter on quarter revenue growth of almost 10% and a year on year growth of 11%. The number of search assignments has also increased by 4% both year on year and quarter on quarter, representing a reversal in the recent trend of fewer assignments albeit of greater value.
Sector trends highlighted particular growth in the number of new searches started within the industrial sector, up 15.2% quarterly from Q1 2014 to Q2 2014 and 5.9% yearly from Q2 2013 to Q2 2014. Life sciences/healthcare also saw positive quarterly (5.3%) and yearly growth (1%) in new executive searches.
AESC President Peter Felix commented: “It is very encouraging to see continued improved demand for senior executives both on a regional and sector basis. This positive trend is indicative of economic recovery in the major economies of North America and Europe and the desire by boards of directors and top management to more actively engage in the search for the best talent to achieve growth and strategic development. We expect this positive trend to continue as the emerging markets of the world enjoy faster economic growth, and competition for the best executives gathers pace.”
The EMEA, Asia Pacific and North American regions all recorded strong annual and quarterly growth, while the Central and South American region recorded a drop in quarterly activity of 1.6%.
search-consult is published by Dillistone Systems, supplier of FileFinder Executive Search software. Dillistone Systems is part of Dillistone Group Plc, as are Voyager Recruitment Software and FCP Internet, supplier of the Evolve Recruitment Software SaaS system.