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Recruiter Confidence Ticks Higher In March
Introduced in May 2003, the Recruiter Confidence Index is based on a monthly survey of executive search firms conducted by ExecuNet (www.execunet.com), a private network for business leaders. Designed to forecast job growth at the executive level, a reading below 50 percent indicates recruiters expect the number of search assignments in the next six months will decrease. Independent analysis of the RCI has confirmed it is a leading indicator for the executive employment market.
According to March's survey of 150 executive recruiters, 38 percent are confident or very confident the executive employment market will improve in the next six months - up from 28 percent last month.
Confidence in the Executive Employment Market Next Six Months
"While the broad unemployment rate is expected to climb higher in the months ahead, recruiters haven't given up hope that we'll see an increase in executive-level job growth before the end of the year," says Mark Anderson, President of ExecuNet. "Based on conversations search firms are having with clients, the Healthcare, Clean Tech, and Energy industries will help lead the employment market out of this recession."
Recruiters' short-term confidence edged slightly higher in March, as 15 percent report being confident or very confident the executive employment market will improve during the next three months - up from 12 percent in February.
Founded in 1988, ExecuNet is a private network for business leaders who believe that the right connections can produce extraordinary results in their careers and organizations. A recognized authority in executive recruiting and human capital, ExecuNet provides members access to confidential six-figure job opportunities, proprietary research, and pragmatic advice. For more information, visit www.execunet.com.
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