Employment Slowdown Reaches Executive Market

Demand for executive management talent, which remained remarkably strong during the first nine months of 2008, is expected to soften in the months ahead, according to ExecuNet’s latest Recruiter Confidence Index. According to the October survey of 141 executive recruiters, 37 percent were ‘confident’ or ‘very confident’ the executive employment market will improve in the next six months — down from 49 percent in September. "Turmoil in the financial markets has companies taking a closer look at their human capital needs," says Mark Anderson, president of ExecuNet. "While some executive recruiters report that searches are taking more time to fill as companies grow cautious, others are working closely with clients to improve existing management teams by hiring new, proven leaders."

Source www.ExecuNet.com

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